South Africa: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in South Africa

The South African walking-sticks and whips market skyrocketed to $X in 2021, increasing by 90% 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). In general, consumption, however, faced a dramatic slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Walking-Sticks And Whips Exports

Exports from South Africa

In 2021, shipments abroad of walking-sticks, seat-sticks, whips and riding-crops was finally on the rise to reach X kg after three years of decline. Overall, exports, however, continue to indicate a precipitous slump. The growth pace was the most rapid in 2017 with an increase of 41% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, walking-sticks and whips exports surged to $X in 2021. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 190%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for walking-sticks and whips exports from South Africa, with a 39% share of total exports. Moreover, walking-sticks and whips exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Namibia (X kg), threefold. The third position in this ranking was taken by Zambia (X kg), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo totaled -22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-36.1% per year) and Zambia (-44.6% per year).

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for walking-sticks and whips exports from South Africa, comprising 39% of total exports. The second position in the ranking was held by Namibia ($X), with a 14% share of total exports. It was followed by Zambia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Democratic Republic of the Congo stood at +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+7.1% per year) and Zambia (-9.3% per year).

Export Prices by Country

In 2021, the average walking-sticks and whips export price amounted to $X per ton, rising by 44% against the previous year. In general, the export price enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 28,047% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Lesotho ($X per ton) and Namibia ($X per ton), while the average price for exports to Zimbabwe ($X per ton) and Democratic Republic of the Congo ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+665.2%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into South Africa

In 2021, imports of walking-sticks, seat-sticks, whips and riding-crops into South Africa skyrocketed to X tons, increasing by 85% against the previous year. Overall, imports, however, showed a sharp decline. The pace of growth appeared the most rapid in 2014 when imports increased by 107% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, walking-sticks and whips imports skyrocketed to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of walking-sticks and whips to South Africa, accounting for a 44% share of total imports. Moreover, walking-sticks and whips imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. The third position in this ranking was taken by Pakistan (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-14.7% per year) and Pakistan (-18.5% per year).

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to South Africa, comprising 47% of total imports. The second position in the ranking was taken by Canada ($X), with a 17% share of total imports. It was followed by Pakistan, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+9.6% per year) and Pakistan (+4.7% per year).

Import Prices by Country

The average walking-sticks and whips import price stood at $X per ton in 2021, increasing by 6.5% against the previous year. In general, the import price posted a significant expansion. The growth pace was the most rapid in 2016 when the average import price increased by 92,728%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+52.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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