South Africa: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in South Africa

The South African market for pulley tackle and hoists powered by an electric motor expanded sharply to $X in 2022, picking up by 13% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in South Africa

In value terms, production of pulley tackle and hoists powered by an electric motor rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 22%. Over the period under review, production of hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from South Africa

In 2022, shipments abroad of pulley tackle and hoists powered by an electric motor decreased by -21.4% to X units, falling for the fifth consecutive year after three years of growth. Overall, exports, however, enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2016 with an increase of 185%. Over the period under review, the exports of hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of pulley tackle and hoists powered by an electric motor declined to $X in 2022. In general, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2013 with an increase of 87%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Mozambique (X units) was the main destination for exports of pulley tackle and hoists powered by an electric motor from South Africa, accounting for a 35% share of total exports. Moreover, exports of pulley tackle and hoists powered by an electric motor to Mozambique exceeded the volume sent to the second major destination, Botswana (X units), twofold. Namibia (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Mozambique totaled +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+22.4% per year) and Namibia (+29.6% per year).

In value terms, Mozambique ($X), Democratic Republic of the Congo ($X) and Namibia ($X) were the largest markets for pulley tackle and hoists powered by an electric motor exported from South Africa worldwide, together comprising 40% of total exports. Zimbabwe, Mali, Botswana, Zambia and Saudi Arabia lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Mali, with a CAGR of +42.9%, saw 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

In 2022, the average export price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, with an increase of 21% against the previous year. In general, the export price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of 141% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 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 Saudi Arabia ($X per unit), while the average price for exports to Botswana ($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 Saudi Arabia (+51.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into South Africa

In 2022, purchases abroad of pulley tackle and hoists powered by an electric motor increased by 29% to X units, rising for the second consecutive year after two years of decline. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 97%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of pulley tackle and hoists powered by an electric motor reached $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 36% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Mauritius (X units) were the main suppliers of imports of pulley tackle and hoists powered by an electric motor to South Africa, together comprising 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for Mauritius (with a CAGR of +1,484.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest pulley tackle and hoists powered by an electric motor suppliers to South Africa were China ($X), Germany ($X) and Taiwan (Chinese) ($X), with a combined 62% share of total imports. Italy, Mauritius and the United States lagged somewhat behind, together accounting for a further 5.1%.

Mauritius, with a CAGR of +918.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, reducing by -11.4% against the previous year. In general, the import price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 61% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 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 United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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