South Africa - Multimeters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMultimeter Price in South Africa - 2023
Contents:
- Multimeter Price in South Africa (CIF) - 2023
- Multimeter Price in South Africa (FOB) - 2022
- Multimeter Imports in South Africa
- Multimeter Exports in South Africa
Multimeter Price in South Africa (CIF) - 2023
The average multimeter import price stood at $24.2 per unit in July 2023, increasing by 20% against the previous month. Overall, the import price recorded notable growth. The pace of growth appeared the most rapid in March 2023 an increase of 340% against the previous month. As a result, import price attained the peak level of $61.5 per unit. From April 2023 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($104 per unit), while the price for China ($7.5 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Multimeter Price in South Africa (FOB) - 2022
In 2022, the average multimeter export price amounted to $62 per unit, which is down by -12.7% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 36% against the previous year. As a result, the export price reached the peak level of $71 per unit, and then fell in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Tanzania ($62 per unit) and Namibia ($62 per unit), while the average price for exports to Lesotho ($62 per unit) and Zambia ($62 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+29.7%), while the prices for the other major destinations experienced mixed trend patterns.
Multimeter Imports in South Africa
In 2022, imports of multimeters into South Africa soared to 319K units, picking up by 115% on the previous year. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, multimeter imports soared to $6.7M in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Multimeter in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 873 | 357 | 723 | 1,159 | 9.9% |
Australia | 14.0 | N/A | 7.6 | 170 | 129.8% |
Hong Kong SAR | 45.0 | 3.0 | 48.2 | 105 | 32.6% |
Others | 2,726 | 2,256 | 2,764 | 5,224 | 24.2% |
Total | 3,658 | 2,616 | 3,543 | 6,658 | 22.1% |
Top Suppliers of Multimeter to South Africa in 2022:
- Hong Kong SAR (236.0K units)
- Taiwan (Chinese) (67.7K units)
- Australia (10.0K units)
Multimeter Exports in South Africa
Multimeter exports from South Africa soared to 17K units in 2022, rising by 30% compared with the year before. The total export volume increased at an average annual rate of +13.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, multimeter exports expanded remarkably to $1M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 22% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
Export of Multimeter in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Namibia | 141 | 95.7 | 150 | 258 | 22.3% |
Democratic Republic of the Congo | 35.3 | 157 | 204 | 252 | 92.5% |
Zambia | 25.9 | 42.1 | 85.2 | 115 | 64.4% |
Mozambique | 70.2 | 62.0 | 57.0 | 97.2 | 11.5% |
Botswana | 107 | 108 | 111 | 68.9 | -13.6% |
Tanzania | 24.6 | 9.3 | 13.6 | 49.6 | 26.3% |
Zimbabwe | 42.4 | 94.0 | 30.6 | 31.5 | -9.4% |
India | N/A | 61.1 | N/A | 4.0 | -74.4% |
Switzerland | 57.4 | N/A | 0.2 | 0.8 | -75.9% |
Others | 112 | 120 | 264 | 162 | 13.1% |
Total | 617 | 749 | 916 | 1,039 | 19.0% |
Top Export Markets for Multimeter from South Africa in 2022:
- Switzerland (undefinedK units)
- Namibia (4.2K units)
- Democratic Republic of the Congo (4.1K units)
- Zambia (1.9K units)
- Mozambique (1.6K units)
- Botswana (1.1K units)
- Tanzania (0.8K units)
- Zimbabwe (0.5K units)
- India (0.1K units)
This report provides an in-depth analysis of the multimeter 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 26514310 - Multimeters
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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