South Africa: Seat Market 2024

Seat Market Size in South Africa

The South African seat market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, continues to indicate a noticeable slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Seat Exports

Exports from South Africa

In 2021, seat exports from South Africa skyrocketed to X tons, jumping by 23% on the year before. In general, exports, however, continue to indicate a pronounced downturn. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, seat exports soared to $X in 2021. Overall, exports, however, saw a perceptible decrease. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Namibia (X tons), Botswana (X tons) and the United States (X tons) were the main destinations of seat exports from South Africa, together accounting for 27% of total exports. These countries were followed by Swaziland, Lesotho, Zambia, Mozambique, Zimbabwe, Malawi, Australia, Japan, Democratic Republic of the Congo and Angola, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Swaziland (with a CAGR of +157.5%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Botswana ($X) and the United States ($X) appeared to be the largest markets for seat exported from South Africa worldwide, together comprising 50% of total exports. These countries were followed by Zambia, Swaziland, Lesotho, Mozambique, Japan, Democratic Republic of the Congo, Zimbabwe, Australia, Malawi and Angola, which together accounted for a further 39%.

Swaziland, with a CAGR of +101.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average seat export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, seat export price decreased by -24.5% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 32%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Seat Imports

Imports into South Africa

In 2021, supplies from abroad of seats was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a deep slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, seat imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest seat supplier to South Africa, with a 63% share of total imports. It was followed by Indonesia (X tons), with a 1.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -7.4%.

In value terms, China ($X) constituted the largest supplier of seats to South Africa, comprising 79% of total imports. The second position in the ranking was held by Indonesia ($X), with a 2.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -8.9%.

Import Prices by Country

In 2021, the average seat import price amounted to $X per ton, shrinking by -2.3% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, seat import price decreased by -11.0% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 22%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+2.0%).

Source: IndexBox Platform

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