South Africa: Tamping Machinery Market 2024

Tamping Machinery Market Size in South Africa

In 2021, the South African tamping machinery market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption enjoyed pronounced growth. Tamping machinery consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Tamping Machinery Production in South Africa

In value terms, tamping machinery production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 50%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Tamping Machinery Exports

Exports from South Africa

In 2021, approx. X units of tamping or compacting machinery were exported from South Africa; surging by 17% against the previous year's figure. Overall, exports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2020 with an increase of 60% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, tamping machinery exports soared to $X in 2021. In general, exports, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 94% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Botswana (X units), Namibia (X units) and Zambia (X units) were the main destinations of tamping machinery exports from South Africa, with a combined 72% share of total exports. Zimbabwe, Lesotho, Mozambique, Swaziland and Germany lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +76.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Namibia ($X) and Zimbabwe ($X) constituted the largest markets for tamping machinery exported from South Africa worldwide, together comprising 70% of total exports. Zambia, Lesotho, Swaziland, Mozambique and Germany lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, Germany, with a CAGR of +52.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tamping machinery export price stood at $X per unit in 2021, picking up by 33% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tamping Machinery Imports

Imports into South Africa

In 2021, purchases abroad of tamping or compacting machinery increased by 158% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2015 when imports increased by 424% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, tamping machinery imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2018 when imports increased by 81%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest tamping machinery supplier to South Africa, accounting for a 89% share of total imports. Moreover, tamping machinery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), tenfold. The third position in this ranking was taken by Bulgaria (X units), with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.8% per year) and Bulgaria (-36.7% per year).

In value terms, China ($X), Germany ($X) and Japan ($X) were the largest tamping machinery suppliers to South Africa, with a combined 99% share of total imports.

Among the main suppliers, China, with a CAGR of +10.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average tamping machinery import price stood at $X per unit in 2021, waning by -38.9% against the previous year. Overall, the import price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 591%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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