South Africa: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in South Africa

The South African ride-on compaction equipment market surged to $X in 2022, increasing by 17% against the previous year. In general, consumption saw a pronounced increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Ride-On Compaction Equipment Production in South Africa

In value terms, ride-on compaction equipment production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 134%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Ride-On Compaction Equipment Exports

Exports from South Africa

For the fourth consecutive year, South Africa recorded growth in shipments abroad of ride-on compaction equipment, which increased by 6.8% to X units in 2022. In general, exports enjoyed a slight increase. The most prominent rate of growth was recorded in 2017 when exports increased by 72%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ride-on compaction equipment exports rose markedly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 116%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Zimbabwe (X units), Botswana (X units) and Vietnam (X units) were the main destinations of ride-on compaction equipment exports from South Africa, with a combined 64% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +83.7%), while the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X) remains the key foreign market for ride-on compaction equipment exports from South Africa, comprising 51% of total exports. The second position in the ranking was taken by Botswana ($X), with a 9.7% share of total exports. It was followed by Vietnam, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zimbabwe totaled +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+17.1% per year) and Vietnam (+121.6% per year).

Export Prices by Country

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, rising by 7.3% against the previous year. In general, the export price, however, recorded a mild curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 25%. Over the period under review, the average export prices hit record highs 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 Zimbabwe ($X per unit), while the average price for exports to Mali ($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 Mali (+146.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into South Africa

For the fourth year in a row, South Africa recorded growth in supplies from abroad of ride-on compaction equipment, which increased by 32% to X units in 2022. Overall, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 46% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ride-on compaction equipment imports expanded markedly to $X in 2022. In general, imports, however, saw a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of 66%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest ride-on compaction equipment supplier to South Africa, accounting for a 82% share of total imports. Moreover, ride-on compaction equipment imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. Australia (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (0.0% per year) and Australia (+648.3% per year).

In value terms, China ($X) constituted the largest supplier of ride-on compaction equipment to South Africa, comprising 44% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by Australia, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.3% per year) and Australia (+2,484.6% per year).

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, reducing by -15.2% against the previous year. In general, the import price, however, saw slight growth. The growth pace was the most rapid in 2013 when the average import price increased by 35%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+245.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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