South Africa: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in South Africa

After two years of growth, the South African metal threading machine market decreased by -1% to $X in 2021. Overall, consumption, however, continues to indicate slight growth. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Threading Machine Production in South Africa

In value terms, metal threading machine production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 6.8% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then reduced slightly in the following year.

Metal Threading Machine Exports

Exports from South Africa

In 2021, shipments abroad of threading or tapping machines for working metal increased by 116% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 424%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, metal threading machine exports soared to $X in 2021. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 273%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Mozambique (X units), Botswana (X units) and Namibia (X units) were the main destinations of metal threading machine exports from South Africa, together comprising 67% of total exports. These countries were followed by Zimbabwe, Ghana, Lesotho, Congo, Democratic Republic of the Congo and Zambia, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +3.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal threading machine exported from South Africa were Mozambique ($X), Botswana ($X) and Namibia ($X), with a combined 67% share of total exports. These countries were followed by Zimbabwe, Ghana, Lesotho, Congo, Democratic Republic of the Congo and Zambia, which together accounted for a further 24%.

Among the main countries of destination, Congo, with a CAGR of +6,529.1%, 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

In 2021, the average metal threading machine export price amounted to $X per unit, dropping by -30.4% against the previous year. Overall, the export price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 1,510% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Zambia ($X per unit) and Democratic Republic of the Congo ($X per unit), while the average price for exports to Congo ($X per unit) and Mozambique ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Threading Machine Imports

Imports into South Africa

In 2021, purchases abroad of threading or tapping machines for working metal was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 46% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal threading machine imports surged to $X in 2021. Overall, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 49% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest metal threading machine supplier to South Africa, with a 64% share of total imports. Moreover, metal threading machine imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold. The third position in this ranking was held by the United States (X units), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-0.3% per year) and the United States (+51.9% per year).

In value terms, China ($X) constituted the largest supplier of threading or tapping machines for working metal to South Africa, comprising 64% of total imports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total imports. It was followed by the United States, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+15.8% per year) and the United States (+67.9% per year).

Import Prices by Country

The average metal threading machine import price stood at $X per unit in 2021, surging by 15% against the previous year. Over the period under review, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 73% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the UK ($X per unit) and Spain ($X per unit), while the price for China ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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