South Africa: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in South Africa

In 2021, after six years of decline, there was growth in the South African underground continuous-action elevator market, when its value increased by 4.1% to $X. Overall, consumption, however, showed a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Underground Continuous-Action Elevator Production in South Africa

In value terms, underground continuous-action elevator production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 7.7%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Underground Continuous-Action Elevator Exports

Exports from South Africa

After two years of decline, overseas shipments of underground continuous-action elevators and conveyors increased by 215% to X units in 2021. In general, exports, however, faced a precipitous decrease. The pace of growth appeared the most rapid in 2018 with an increase of 3,122% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, underground continuous-action elevator exports surged to $X in 2021. Overall, exports, however, saw a sharp shrinkage. The growth pace was the most rapid in 2018 when exports increased by 3,380%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Botswana (X units) was the main destination for underground continuous-action elevator exports from South Africa, with a 79% share of total exports. Moreover, underground continuous-action elevator exports to Botswana exceeded the volume sent to the second major destination, Zimbabwe (X units), sixfold. Democratic Republic of the Congo (X units) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Botswana stood at -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-47.0% per year) and Democratic Republic of the Congo (+9.0% per year).

In value terms, Botswana ($X) emerged as the key foreign market for underground continuous-action elevators and conveyors exports from South Africa, comprising 79% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a 14% share of total exports. It was followed by Democratic Republic of the Congo, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Botswana amounted to -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-46.8% per year) and Democratic Republic of the Congo (-15.7% per year).

Export Prices by Country

The average underground continuous-action elevator export price stood at $X per unit in 2021, waning by -47.9% against the previous year. In general, the export price, however, posted strong growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 214% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Angola ($X per unit) and Zimbabwe ($X per unit), while the average price for exports to Botswana ($X per unit) and Democratic Republic of the Congo ($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 Burkina Faso (+4,249.6%), while the prices for the other major destinations experienced more modest paces of growth.

Underground Continuous-Action Elevator Imports

Imports into South Africa

In 2021, supplies from abroad of underground continuous-action elevators and conveyors was finally on the rise to reach X units after three years of decline. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 88,651% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, underground continuous-action elevator imports skyrocketed to $X in 2021. Overall, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 46,766%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) was the main underground continuous-action elevator supplier to South Africa, with a 100% share of total imports. It was followed by Germany (X units), with a 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +14.6%.

In value terms, the United States ($X) constituted the largest supplier of underground continuous-action elevators and conveyors to South Africa, comprising 100% of total imports. The second position in the ranking was taken by Germany ($X), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +12.5%.

Import Prices by Country

The average underground continuous-action elevator import price stood at $X per unit in 2021, increasing by 24% against the previous year. Over the period under review, the import price, however, recorded a slight reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by 486%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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