South Africa: Silencer Market 2024

Silencer Market Size in South Africa

The South African silencer market expanded significantly to $X in 2021, increasing by 6.3% against the previous year. Over the period under review, consumption, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2016 with an increase of 9.7%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silencer Production in South Africa

In value terms, silencer production reached $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2016 with an increase of 10% against the previous year. Silencer production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silencer Exports

Exports from South Africa

In 2021, overseas shipments of silencers and exhaust pipes were finally on the rise to reach X tons after five years of decline. In general, exports, however, recorded a deep setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silencer exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), the Czech Republic (X tons) and Mexico (X tons) were the main destinations of silencer exports from South Africa, with a combined 49% share of total exports. Brazil, Germany, South Korea, Turkey, the Netherlands, Italy, the UK, Belgium and Japan lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +12.4%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), the United States ($X) and Mexico ($X) appeared to be the largest markets for silencer exported from South Africa worldwide, with a combined 50% share of total exports.

Mexico, with a CAGR of +10.7%, saw the highest growth rate of the value of exports, among 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

In 2021, the average silencer export price amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of 6.4% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to the Netherlands ($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 Japan (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Silencer Imports

Imports into South Africa

Silencer imports into South Africa skyrocketed to X tons in 2021, growing by 25% on 2020 figures. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 30% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, silencer imports surged to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and India (X tons) were the main suppliers of silencer imports to South Africa, with a combined 66% share of total imports. These countries were followed by the United States, South Korea, France, Spain, Mexico, Poland, Italy and Brazil, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were in Mexico (with a CAGR of +70.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silencer suppliers to South Africa were Germany ($X), China ($X) and India ($X), together comprising 65% of total imports.

India, with a CAGR of +45.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average silencer import price amounted to $X per ton, growing by 6.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 12%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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