South Africa: Spades And Shovels Market 2024

Spades And Shovels Market Size in South Africa

In 2021, the South African spades and shovels market decreased by -2% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +91.5% against 2016 indices. Over the period under review, the market reached the peak level at $X in 2020, and then reduced slightly in the following year.

Spades And Shovels Production in South Africa

In value terms, spades and shovels production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +65.6% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 33%. Spades and shovels production peaked at $X in 2020, and then contracted in the following year.

Spades And Shovels Exports

Exports from South Africa

For the third year in a row, South Africa recorded decline in overseas shipments of spades and shovels, which decreased by -8.6% to X tons in 2021. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 37%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, spades and shovels exports surged to $X in 2021. In general, exports showed a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by 24%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Namibia (X tons), Botswana (X tons) and Swaziland (X tons) were the main destinations of spades and shovels exports from South Africa, together accounting for 55% of total exports.

From 2012 to 2021, the biggest increases were recorded for Swaziland (with a CAGR of -2.7%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for spades and shovels exported from South Africa were Botswana ($X), Namibia ($X) and Swaziland ($X), with a combined 56% share of total exports. These countries were followed by Mozambique, Zimbabwe, Lesotho, Zambia and Malawi, which together accounted for a further 35%.

Among the main countries of destination, Zimbabwe, with a CAGR of +3.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average spades and shovels export price amounted to $X per ton, rising by 29% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spades and shovels export price increased by +90.5% against 2016 indices. The growth pace was the most rapid in 2019 when the average export price increased by 45% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Mozambique ($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 Zimbabwe (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Spades And Shovels Imports

Imports into South Africa

In 2021, approx. X tons of spades and shovels were imported into South Africa; with an increase of 13% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 20%. Imports peaked at X tons in 2014; afterwards, it flattened through to 2021.

In value terms, spades and shovels imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of spades and shovels to South Africa, accounting for a 91% share of total imports. Moreover, spades and shovels imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +1.6%.

In value terms, China ($X) constituted the largest supplier of spades and shovels to South Africa, comprising 87% of total imports. The second position in the ranking was held by India ($X), with a 6.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

In 2021, the average spades and shovels import price amounted to $X per ton, picking up by 38% against the previous year. Overall, the import price, however, saw a perceptible shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :