South Africa: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in South Africa

The South African cable-making machine market expanded modestly to $X in 2022, with an increase of X% against the previous year. Overall, consumption showed tangible growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Cable-Making Machine Production in South Africa

In value terms, cable-making machine production reduced modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Cable-Making Machine Exports

Exports from South Africa

In 2022, cable-making machine exports from South Africa declined significantly to X units, waning by X% compared with the previous year. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, cable-making machine exports contracted remarkably to $X in 2022. In general, exports recorded a deep slump. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malawi (X units) was the main destination for cable-making machine exports from South Africa, with a X% share of total exports. Moreover, cable-making machine exports to Malawi exceeded the volume sent to the second major destination, Zambia (X units), threefold. The third position in this ranking was taken by Lesotho (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Malawi stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (X% per year) and Lesotho (X% per year).

In value terms, the largest markets for cable-making machine exported from South Africa were Lesotho ($X), Malawi ($X) and Zambia ($X), with a combined X% share of total exports.

Lesotho, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average cable-making machine export price amounted to $X per unit, declining by X% against the previous year. In general, the export price faced a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lesotho ($X per unit), while the average price for exports to Botswana ($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 Zambia (X%), while the prices for the other major destinations experienced a decline.

Cable-Making Machine Imports

Imports into South Africa

For the third consecutive year, South Africa recorded decline in supplies from abroad of rope or cable-making machines, which decreased by X% to X units in 2022. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cable-making machine imports skyrocketed to $X in 2022. In general, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest cable-making machine supplier to South Africa, accounting for a X% share of total imports. Moreover, cable-making machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was taken by India (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and India (X% per year).

In value terms, the largest cable-making machine suppliers to South Africa were China ($X), Italy ($X) and India ($X), together accounting for X% of total imports.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cable-making machine import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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