South Africa: Working Wire Machine Market 2024

Working Wire Machine Market Size in South Africa

The South African working wire machine market fell to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Working Wire Machine Production in South Africa

In value terms, working wire machine production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Working Wire Machine Exports

Exports from South Africa

In 2022, exports of machines for working wire from South Africa soared to X units, surging by X% against 2021 figures. In general, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, working wire machine exports fell markedly to $X in 2022. Overall, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for working wire machine exports from South Africa, with a X% share of total exports. Moreover, working wire machine exports to the UK exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The third position in this ranking was taken by Zimbabwe (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Zimbabwe (X% per year).

In value terms, Zimbabwe ($X) emerged as the key foreign market for machines for working wire exports from South Africa, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Zimbabwe totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average working wire machine export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price, however, enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to the UK ($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 Malawi (X%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into South Africa

In 2022, supplies from abroad of machines for working wire increased by X% to X units, rising for the third year in a row after three years of decline. Over the period under review, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, working wire machine imports dropped dramatically to $X in 2022. Overall, imports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of working wire machine to South Africa, with a X% share of total imports. Moreover, working wire machine imports from China exceeded the figures recorded by the second-largest supplier, Botswana (X units), ninefold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Botswana (X% per year) and the United States (X% per year).

In value terms, China ($X), Germany ($X) and Italy ($X) appeared to be the largest working wire machine suppliers to South Africa, with a combined X% share of total imports. Taiwan (Chinese), the United States, Botswana, New Zealand and the Czech Republic lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 working wire machine import price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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