South Africa: Vacuum Pump Market 2024

Vacuum Pump Market Size in South Africa

The South African vacuum pump market surged to $X in 2022, with an increase of 71% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +83.6% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Vacuum Pump Exports

Exports from South Africa

In 2022, shipments abroad of vacuum pumps decreased by -21.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 52%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, vacuum pump exports stood at $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 47% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Namibia (X units), Saint Helena, Ascension and Tristan da Cunha (X units) and Lesotho (X units) were the main destinations of vacuum pump exports from South Africa, together accounting for 49% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saint Helena, Ascension and Tristan da Cunha (with a CAGR of +288.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump exported from South Africa were Democratic Republic of the Congo ($X), Saint Helena, Ascension and Tristan da Cunha ($X) and Mozambique ($X), together comprising 42% of total exports.

Saint Helena, Ascension and Tristan da Cunha, with a CAGR of +199.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vacuum pump export price stood at $X per unit in 2022, rising by 44% against the previous year. Over the period under review, the export price showed a tangible increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 44%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Namibia ($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 Italy (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into South Africa

In 2022, the amount of vacuum pumps imported into South Africa soared to X units, with an increase of 81% on the previous year. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vacuum pump imports soared to $X in 2022. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump supplier to South Africa, with a 67% share of total imports. Moreover, vacuum pump imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. Italy (X units) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.1% per year) and Italy (-10.6% per year).

In value terms, the largest vacuum pump suppliers to South Africa were China ($X), Germany ($X) and Italy ($X), together comprising 61% of total imports. The United States, India, the UK, Taiwan (Chinese), Turkey and the Netherlands lagged somewhat behind, together comprising a further 17%.

Turkey, with a CAGR of +31.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 vacuum pump import price amounted to $X per unit, dropping by -32.6% against the previous year. Over the period under review, the import price showed a mild decrease. The pace of growth was the most pronounced in 2020 an increase of 33% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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