South Africa: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in South Africa

In 2022, the South African pressure-reducing iron valve market decreased by -1.1% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a perceptible increase. Pressure-reducing iron valve consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Production in South Africa

In value terms, pressure-reducing iron valve production rose slightly to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.0% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 40%. Pressure-reducing iron valve production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Pressure-Reducing Iron Valve Exports

Exports from South Africa

In 2022, the amount of pressure-reducing, control, check and safety valves exported from South Africa was estimated at X units, remaining relatively unchanged against 2021 figures. In general, exports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, pressure-reducing iron valve exports shrank to $X in 2022. Over the period under review, exports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Namibia (X units) was the main destination for pressure-reducing iron valve exports from South Africa, accounting for a 29% share of total exports. Moreover, pressure-reducing iron valve exports to Namibia exceeded the volume sent to the second major destination, Botswana (X units), twofold. Swaziland (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Namibia amounted to -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-1.3% per year) and Swaziland (+3.3% per year).

In value terms, the largest markets for pressure-reducing iron valve exported from South Africa were Namibia ($X), Swaziland ($X) and Botswana ($X), with a combined 41% share of total exports. Zimbabwe, Democratic Republic of the Congo, Mozambique, Mali, Zambia, Ghana and Lesotho lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, Mali, with a CAGR of +36.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2022, dropping by -5.9% against the previous year. Over the period under review, the export price showed a mild downturn. The pace of growth was the most pronounced in 2021 an increase of 22%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Lesotho ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into South Africa

In 2022, the amount of pressure-reducing, control, check and safety valves imported into South Africa reduced to X units, shrinking by -12.1% against the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 42% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Israel (X units) were the main suppliers of pressure-reducing iron valve imports to South Africa, together comprising 66% of total imports. Italy, India, Taiwan (Chinese), the Czech Republic, Denmark, Austria, the UK, the United States and Switzerland lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +28.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pressure-reducing, control, check and safety valves to South Africa, comprising 32% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.7% per year) and Italy (+7.0% per year).

Import Prices by Country

In 2022, the average pressure-reducing iron valve import price amounted to $X per unit, surging by 21% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2013 when the average import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform