South Africa: Prisms And Mirrors Market 2024

Prisms And Mirrors Market Size in South Africa

The South African prisms and mirrors market rose sharply to $X in 2022, picking up by 7.1% against the previous year. In general, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +20.9% against 2019 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Prisms And Mirrors Production in South Africa

In value terms, prisms and mirrors production amounted to $X in 2022 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 90% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Prisms And Mirrors Exports

Exports from South Africa

Prisms and mirrors exports from South Africa expanded notably to X tons in 2022, surging by 8.7% against the previous year. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 230% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, prisms and mirrors exports soared to $X in 2022. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 103% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Swaziland (X tons) was the main destination for prisms and mirrors exports from South Africa, with a 66% share of total exports. Moreover, prisms and mirrors exports to Swaziland exceeded the volume sent to the second major destination, Botswana (X tons), ninefold. Lesotho (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Swaziland amounted to +59.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+5.1% per year) and Lesotho (+11.5% per year).

In value terms, Swaziland ($X) remains the key foreign market for prisms and mirrors exports from South Africa, comprising 49% of total exports. The second position in the ranking was held by Namibia ($X), with a 6.9% share of total exports. It was followed by Botswana, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Swaziland totaled +56.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-10.0% per year) and Botswana (-5.6% per year).

Export Prices by Country

The average prisms and mirrors export price stood at $X per ton in 2022, jumping by 27% against the previous year. In general, the export price, however, showed a abrupt decline. The growth pace was the most rapid in 2015 an increase of 89% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (-2.3%), while the prices for the other major destinations experienced a decline.

Prisms And Mirrors Imports

Imports into South Africa

In 2022, supplies from abroad of prisms and mirrors increased by 25% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 196%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, prisms and mirrors imports rose notably to $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 68% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest prisms and mirrors supplier to South Africa, with a 68% share of total imports. Moreover, prisms and mirrors imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was taken by Switzerland (X tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +34.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.2% per year) and Switzerland (+1.1% per year).

In value terms, China ($X) constituted the largest supplier of prisms and mirrors to South Africa, comprising 36% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Switzerland, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.2% per year) and Switzerland (-6.7% per year).

Import Prices by Country

The average prisms and mirrors import price stood at $X per ton in 2022, dropping by -12.2% against the previous year. Overall, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of 25%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :