South Africa: Hand Stamp Market 2024

Hand Stamp Market Size in South Africa

The South African hand stamp market declined to $X in 2022, shrinking by -11.6% against the previous year. Over the period under review, consumption saw a slight downturn. Hand stamp consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Hand Stamp Production in South Africa

In value terms, hand stamp production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight contraction. The pace of growth was the most pronounced in 2016 with an increase of 9.4% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Hand Stamp Exports

Exports from South Africa

In 2022, overseas shipments of stamps for use in the hand increased by 14% to X units, rising for the second year in a row after six years of decline. In general, exports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand stamp exports soared to $X in 2022. Over the period under review, exports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of 35%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Botswana (X units), Lesotho (X units) and Namibia (X units) were the main destinations of hand stamp exports from South Africa, together accounting for 59% of total exports. Mozambique, Swaziland, Zambia, Ghana and Zimbabwe lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +32.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand stamp exported from South Africa were Botswana ($X), Namibia ($X) and Lesotho ($X), together accounting for 75% of total exports. Mozambique, Swaziland, Zimbabwe, Zambia and Ghana lagged somewhat behind, together comprising a further 22%.

Ghana, with a CAGR of +26.3%, 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

In 2022, the average hand stamp export price amounted to $X per unit, remaining constant against the previous year. In general, the export price continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 70%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per unit), while the average price for exports to Ghana ($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 Botswana (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Stamp Imports

Imports into South Africa

In 2022, approx. X units of stamps for use in the hand were imported into South Africa; declining by -24.1% against 2021. In general, imports saw a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of 54%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, hand stamp imports fell markedly to $X in 2022. Overall, imports saw a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Austria (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of hand stamp imports to South Africa, together accounting for 73% of total imports. Romania, the Czech Republic, Italy, Malaysia, the United States and Germany lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +170.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hand stamp suppliers to South Africa were Austria ($X), China ($X) and Italy ($X), with a combined 57% share of total imports. Taiwan (Chinese), Romania, the Czech Republic, Malaysia, Germany and the United States lagged somewhat behind, together comprising a further 31%.

Romania, with a CAGR of +137.5%, saw the highest growth rate of the value of imports, among 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 2022, the average hand stamp import price amounted to $X per unit, which is down by -6% against the previous year. In general, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2020 an increase of 17% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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