South Africa - Gear Boxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGear Box Price in South Africa - 2023
Contents:
- Gear Box Price in South Africa (CIF) - 2022
- Gear Box Price in South Africa (FOB) - 2022
- Gear Box Imports in South Africa
- Gear Box Exports in South Africa
Gear Box Price in South Africa (CIF) - 2022
The average gear box import price stood at $41 per unit in 2022, rising by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2018 an increase of 19%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($80 per unit), while the price for the United Arab Emirates ($12 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 (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Gear Box Price in South Africa (FOB) - 2022
The average gear box export price stood at $23 per unit in 2022, rising by 12% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gear box export price decreased by -1.6% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 31% against the previous year. As a result, the export price reached the peak level of $24 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($63 per unit), while the average price for exports to Malaysia ($2.2 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 Zambia (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Gear Box Imports in South Africa
In 2022, approx. 2.1M units of gear boxes were imported into South Africa; with an increase of 3.7% against 2021. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, gear box imports soared to $85M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Gear Box in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.6 | 13.0 | 22.3 | 28.0 | 30.5% |
| Hungary | 4.1 | 6.1 | 11.0 | 16.6 | 59.4% |
| Germany | 9.5 | 7.5 | 12.1 | 10.5 | 3.4% |
| Japan | 5.1 | 3.7 | 5.2 | 6.3 | 7.3% |
| Italy | 3.3 | 2.4 | 3.4 | 4.1 | 7.5% |
| China | 3.1 | 2.2 | 3.2 | 4.0 | 8.9% |
| France | 1.8 | 1.6 | 2.3 | 2.5 | 11.6% |
| United Kingdom | 2.0 | 1.2 | 2.3 | 2.3 | 4.8% |
| India | 1.4 | 1.5 | 1.9 | 1.8 | 8.7% |
| Poland | 0.3 | 0.4 | 0.5 | 0.6 | 26.0% |
| Others | 9.1 | 6.2 | 9.5 | 8.7 | -1.5% |
| Total | 52.3 | 45.9 | 73.8 | 85.4 | 17.8% |
Top Suppliers of Gear Box to South Africa in 2022:
- United States (472.5K units)
- Germany (238.0K units)
- Italy (232.1K units)
- Hungary (207.0K units)
- China (205.0K units)
- Japan (157.3K units)
- India (89.1K units)
- United Kingdom (83.3K units)
- France (39.2K units)
- Poland (31.0K units)
Gear Box Exports in South Africa
Gear box exports from South Africa rose markedly to 1.3M units in 2022, surging by 7.2% against the previous year's figure. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 39%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, gear box exports soared to $29M in 2022. The total export value increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 22% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Gear Box in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 2.5 | 1.6 | 2.2 | 5.8 | 32.4% |
| United States | 4.3 | 2.4 | 3.9 | 3.9 | -3.2% |
| Zambia | 2.2 | 0.9 | 3.4 | 2.7 | 7.1% |
| Democratic Republic of the Congo | 3.1 | 0.9 | 2.5 | 2.7 | -4.5% |
| Botswana | 1.4 | 1.0 | 1.3 | 1.9 | 10.7% |
| Mozambique | 2.2 | 1.5 | 1.7 | 1.6 | -10.1% |
| Angola | 0.6 | 1.0 | 1.4 | 1.4 | 32.6% |
| Zimbabwe | 1.0 | 1.2 | 1.2 | 1.3 | 9.1% |
| Germany | 0.5 | 1.9 | 1.1 | 0.8 | 17.0% |
| Lesotho | 0.2 | 0.2 | 0.7 | 0.7 | 51.8% |
| United Arab Emirates | 0.2 | 0.9 | 0.8 | 0.5 | 35.7% |
| Swaziland | 0.6 | 0.4 | 0.6 | 0.5 | -5.9% |
| Malaysia | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Others | 3.1 | 6.1 | 3.7 | 5.6 | 21.8% |
| Total | 21.8 | 20.0 | 24.4 | 29.4 | 10.5% |
Top Export Markets for Gear Box from South Africa in 2022:
- United States (397.8K units)
- Namibia (160.8K units)
- Botswana (134.4K units)
- Zambia (71.9K units)
- Swaziland (55.0K units)
- United Arab Emirates (52.3K units)
- Mozambique (43.1K units)
- Democratic Republic of the Congo (42.8K units)
- Germany (37.8K units)
- Zimbabwe (34.5K units)
- Angola (32.8K units)
- Lesotho (29.2K units)
- Malaysia (27.0K units)
This report provides an in-depth analysis of the gear box 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 29323033 - Gear boxes and their parts
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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