South Africa: Thread Rolling Machine Market 2024

Thread Rolling Machine Market Size in South Africa

In 2022, the South African thread rolling machine market increased by 7.7% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a perceptible reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Thread Rolling Machine Production in South Africa

In value terms, thread rolling machine production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 2.3% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Thread Rolling Machine Exports

Exports from South Africa

In 2022, the amount of thread rolling machines for working metal, sintered metal carbides or cermets exported from South Africa declined dramatically to X units, which is down by -79.5% on 2021 figures. Overall, exports, however, recorded a measured expansion. The growth pace was the most rapid in 2021 with an increase of 1,850% against the previous year. As a result, the exports attained the peak of X units, and then dropped dramatically in the following year.

In value terms, thread rolling machine exports soared to $X in 2022. In general, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 1,961% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Zimbabwe (X units) was the main destination for thread rolling machine exports from South Africa, with a 38% share of total exports. Moreover, thread rolling machine exports to Zimbabwe exceeded the volume sent to the second major destination, Malawi (X units), threefold. The third position in this ranking was taken by Lesotho (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Zimbabwe stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (0.0% per year) and Lesotho (0.0% per year).

In value terms, Zimbabwe ($X) emerged as the key foreign market for thread rolling machines for working metal, sintered metal carbides or cermets exports from South Africa, comprising 98% of total exports. The second position in the ranking was held by Mozambique ($X), with a 1.1% share of total exports. It was followed by Lesotho, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value to Zimbabwe totaled +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (-26.2% per year) and Lesotho (+7.6% per year).

Export Prices by Country

The average thread rolling machine export price stood at $X per unit in 2022, rising by 890% against the previous year. In general, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 1,372% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Zambia ($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 (+82.3%), while the prices for the other major destinations experienced more modest paces of growth.

Thread Rolling Machine Imports

Imports into South Africa

For the third year in a row, South Africa recorded decline in overseas purchases of thread rolling machines for working metal, sintered metal carbides or cermets, which decreased by -8% to X units in 2022. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 887%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, thread rolling machine imports contracted notably to $X in 2022. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 568% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main thread rolling machine supplier to South Africa, with a 93% share of total imports. It was followed by India (X units), with a 2.2% share of total imports. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +45.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (0.0% per year) and Taiwan (Chinese) (-16.4% per year).

In value terms, China ($X) constituted the largest supplier of thread rolling machines for working metal, sintered metal carbides or cermets to South Africa, comprising 95% of total imports. The second position in the ranking was taken by India ($X), with a 4.2% share of total imports. It was followed by the UK, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +76.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+19.3% per year) and the UK (-37.5% per year).

Import Prices by Country

In 2022, the average thread rolling machine import price amounted to $X per unit, reducing by -18.8% against the previous year. Over the period under review, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 163% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (+43.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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