South Africa: Transmission Shaft Market 2024

Transmission Shaft Market Size in South Africa

The South African transmission shaft market rose significantly to $X in 2022, growing by 5.3% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Transmission Shaft Production in South Africa

In value terms, transmission shaft production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 15% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Transmission Shaft Exports

Exports from South Africa

In 2022, approx. X tons of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain were exported from South Africa; with a decrease of -8.8% against the previous year. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, transmission shaft exports rose modestly to $X in 2022. Over the period under review, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of 15%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Zimbabwe (X tons) and Zambia (X tons) were the main destinations of transmission shaft exports from South Africa, together accounting for 45% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +9.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X), Democratic Republic of the Congo ($X) and Zambia ($X) appeared to be the largest markets for transmission shaft exported from South Africa worldwide, with a combined 40% share of total exports.

Among the main countries of destination, Zimbabwe, with a CAGR of +11.9%, recorded 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 transmission shaft export price stood at $X per ton in 2022, surging by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.0%. The pace of growth appeared the most rapid in 2016 an increase of 16% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Democratic Republic of the Congo ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Shaft Imports

Imports into South Africa

In 2022, purchases abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by 23% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, transmission shaft imports soared to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of transmission shaft imports to South Africa, together accounting for 65% of total imports. Italy, Japan, India, Belgium, France and the UK lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +8.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest transmission shaft suppliers to South Africa were China ($X), the United States ($X) and Germany ($X), together accounting for 61% of total imports. Italy, Japan, India, France, Belgium and the UK lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, India, with a CAGR of +7.7%, saw the highest rates of growth with regard to the value of imports, 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 transmission shaft import price amounted to $X per ton, reducing by -5.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 6.8% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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