South Africa - Cranks And Crankshafts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCranks and Crankshafts Price in South Africa - 2023
Contents:
- Cranks and Crankshafts Price in South Africa (CIF) - 2022
- Cranks and Crankshafts Price in South Africa (FOB) - 2022
- Cranks and Crankshafts Imports in South Africa
- Cranks and Crankshafts Exports in South Africa
Cranks and Crankshafts Price in South Africa (CIF) - 2022
In 2022, the average cranks and crankshafts import price amounted to $15,074 per ton, dropping by -3.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 22%. As a result, import price reached the peak level of $16,701 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($15,074 per ton) and India ($15,074 per ton), while the price for France ($15,074 per ton) and Italy ($15,074 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Cranks and Crankshafts Price in South Africa (FOB) - 2022
In 2022, the average cranks and crankshafts export price amounted to $16,763 per ton, growing by 5.7% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 17%. The export price peaked at $21,279 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Argentina ($16,763 per ton) and Namibia ($16,763 per ton), while the average price for exports to Australia ($16,763 per ton) and Zambia ($16,763 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Cranks and Crankshafts Imports in South Africa
In 2022, approx. 3.5K tons of cranks and crankshafts were imported into South Africa; increasing by 30% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cranks and crankshafts imports soared to $53M in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Cranks and Crankshafts in South Africa (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.1 | 5.5 | 8.0 | 11.6 | 17.8% |
United States | 9.3 | 8.0 | 8.7 | 11.3 | 6.7% |
Germany | 8.1 | 5.7 | 8.2 | 9.0 | 3.6% |
Italy | 1.8 | 2.0 | 2.6 | 3.6 | 26.0% |
Japan | 2.2 | 1.6 | 1.6 | 2.2 | 0.0% |
India | 1.4 | 1.5 | 1.6 | 1.8 | 8.7% |
Spain | 1.4 | 0.9 | 1.2 | 1.5 | 2.3% |
South Korea | 0.3 | 0.2 | 0.5 | 1.2 | 58.7% |
Sweden | 0.9 | 0.9 | 1.4 | 1.1 | 6.9% |
Poland | 0.5 | 0.4 | 0.6 | 1.0 | 26.0% |
Finland | 0.4 | 0.5 | 0.6 | 0.9 | 31.0% |
Canada | 0.8 | 0.5 | 0.7 | 0.8 | 0.0% |
France | 0.6 | 1.8 | 0.6 | 0.8 | 10.1% |
Others | 7.6 | 5.8 | 6.3 | 6.5 | -5.1% |
Total | 42.4 | 35.2 | 42.5 | 53.3 | 7.9% |
Top Suppliers of Cranks and Crankshafts to South Africa in 2022:
- China (767.1 tons)
- United States (751.7 tons)
- Germany (599.8 tons)
- Italy (238.5 tons)
- Japan (143.0 tons)
- India (117.7 tons)
- Spain (96.7 tons)
- South Korea (77.2 tons)
- Sweden (75.0 tons)
- Poland (65.2 tons)
- Finland (60.1 tons)
- Canada (56.0 tons)
- France (54.0 tons)
Cranks and Crankshafts Exports in South Africa
In 2022, the amount of cranks and crankshafts exported from South Africa contracted markedly to 1.1K tons, with a decrease of -24.2% compared with the previous year. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year.
In value terms, cranks and crankshafts exports reduced sharply to $19M in 2022. Over the period under review, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. As a result, the exports reached the peak of $24M, and then contracted markedly in the following year.
Export of Cranks and Crankshafts in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 2.5 | 2.2 | 2.8 | 3.0 | 6.3% |
Zambia | 2.0 | 1.8 | 2.9 | 2.4 | 6.3% |
Zimbabwe | 1.7 | 1.7 | 2.4 | 2.2 | 9.0% |
Democratic Republic of the Congo | 2.4 | 1.2 | 2.1 | 2.1 | -4.4% |
Namibia | 1.0 | 1.1 | 1.6 | 1.2 | 6.3% |
Mozambique | 1.0 | 1.5 | 0.7 | 1.0 | 0.0% |
United States | 1.2 | 0.7 | 1.1 | 0.9 | -9.1% |
Botswana | 1.7 | 1.2 | 1.4 | 0.9 | -19.1% |
Australia | 0.2 | 0.1 | 0.2 | 0.6 | 44.2% |
Swaziland | 0.6 | 0.4 | 0.4 | 0.6 | 0.0% |
Germany | 0.2 | 0.2 | 0.2 | 0.5 | 35.7% |
Belgium | 0.2 | 0.1 | 0.3 | 0.5 | 35.7% |
Mali | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
Others | 8.4 | 5.7 | 7.5 | 2.8 | -30.7% |
Total | 22.9 | 18.1 | 23.8 | 19.1 | -5.9% |
Top Export Markets for Cranks and Crankshafts from South Africa in 2022:
- Argentina (176.7 tons)
- Zambia (143.6 tons)
- Zimbabwe (129.7 tons)
- Democratic Republic of the Congo (126.7 tons)
- Namibia (72.4 tons)
- Mozambique (59.4 tons)
- Botswana (53.0 tons)
- United States (50.8 tons)
- Swaziland (37.4 tons)
- Australia (34.2 tons)
- Belgium (31.7 tons)
- Germany (31.0 tons)
- Mali (24.5 tons)
This report provides an in-depth analysis of the cranks and crankshafts market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28152230 - Cranks and crankshafts
- Prodcom 28152250 - Cardan shafts
- Prodcom 28152270 - Other shafts
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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