South Africa - Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Grease Fittings and Oil Seals in South Africa - 2023
Contents:
- Price for Grease Fittings and Oil Seals in South Africa (CIF) - 2022
- Price for Grease Fittings and Oil Seals in South Africa (FOB) - 2023
- Imports of Grease Fittings and Oil Seals in South Africa
- Exports of Grease Fittings and Oil Seals in South Africa
Price for Grease Fittings and Oil Seals in South Africa (CIF) - 2022
The average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $3 per unit in 2022, reducing by -8.3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 50%. As a result, import price attained the peak level of $4.7 per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($10 per unit), while the price for China ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Grease Fittings and Oil Seals in South Africa (FOB) - 2023
In September 2023, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $1.9 per unit, falling by -57.8% against the previous month. Over the period under review, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in August 2023 when the average export price increased by 214% month-to-month. Over the period under review, the average export prices reached the peak figure at $9.7 per unit in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the United States ($13.0 per unit), while the average price for exports to Bahrain ($680 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Grease Fittings and Oil Seals in South Africa
In 2022, approx. 5.3M units of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels were imported into South Africa; jumping by 19% compared with 2021 figures. Overall, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +3.3% 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 +61.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 36%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, grease fittings and oil seals imports rose remarkably to $16M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 18%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Grease Fittings and Oil Seals in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.3 | 3.2 | 4.5 | 4.0 | 6.6% |
| United States | 2.2 | 2.5 | 2.2 | 2.5 | 4.4% |
| China | 1.3 | 0.8 | 1.3 | 1.9 | 13.5% |
| Italy | 1.5 | 0.7 | 0.6 | 0.8 | -18.9% |
| India | 0.2 | 0.2 | 0.3 | 0.8 | 58.7% |
| Japan | 0.7 | 0.5 | 0.5 | 0.7 | 0.0% |
| Taiwan (Chinese) | 0.7 | 0.4 | 0.5 | 0.6 | -5.0% |
| Turkey | 0.1 | N/A | 0.4 | 0.3 | 44.2% |
| Switzerland | 0.8 | 0.5 | 0.2 | 0.3 | -27.9% |
| Mexico | 1.1 | 0.2 | 0.2 | 0.2 | -43.3% |
| Namibia | 0.3 | 0.2 | 0.1 | N/A | -42.3% |
| Others | 2.9 | 3.2 | 3.8 | 4.0 | 11.3% |
| Total | 15.0 | 12.5 | 14.7 | 16.1 | 2.4% |
Top Suppliers of Grease Fittings and Oil Seals to South Africa in 2022:
- China (2598.5K units)
- Italy (897.4K units)
- Germany (397.7K units)
- United States (320.4K units)
- Taiwan (Chinese) (204.0K units)
- India (153.4K units)
- Japan (120.3K units)
- Turkey (81.9K units)
- Switzerland (41.3K units)
- Mexico (27.7K units)
- Namibia (0.1K units)
Exports of Grease Fittings and Oil Seals in South Africa
In 2022, overseas shipments of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels were finally on the rise to reach 1.2M units for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a modest expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, grease fittings and oil seals exports skyrocketed to $5.7M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Grease Fittings and Oil Seals in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 450 | 547 | 443 | 1,739 | 56.9% |
| Nigeria | 11.7 | 9.8 | 4.4 | 746 | 299.5% |
| Zambia | 244 | 207 | 454 | 608 | 35.6% |
| United States | 57.2 | 64.3 | 67.2 | 478 | 102.9% |
| Democratic Republic of the Congo | 169 | 158 | 154 | 252 | 14.2% |
| Mozambique | 1,038 | 555 | 291 | 243 | -38.4% |
| Zimbabwe | 70.2 | 64.3 | 176 | 148 | 28.2% |
| Angola | 66.1 | 82.4 | 45.7 | 138 | 27.8% |
| Sierra Leone | 0.4 | 0.1 | 1.4 | 100 | 530.0% |
| Botswana | 81.6 | 79.5 | 183 | 99.1 | 6.7% |
| Saudi Arabia | N/A | N/A | N/A | 92.9 | 0% |
| Gabon | N/A | N/A | N/A | 39.2 | 0% |
| Tanzania | 20.2 | 57.0 | 6.8 | 33.1 | 17.9% |
| Others | 884 | 653 | 866 | 995 | 4.0% |
| Total | 3,093 | 2,478 | 2,693 | 5,709 | 22.7% |
Top Export Markets for Grease Fittings and Oil Seals from South Africa in 2022:
- Mozambique (373.6K units)
- Namibia (260.1K units)
- United States (104.2K units)
- Zambia (102.6K units)
- Democratic Republic of the Congo (38.9K units)
- Nigeria (38.4K units)
- Gabon (35.5K units)
- Saudi Arabia (29.8K units)
- Angola (27.2K units)
- Zimbabwe (26.0K units)
- Sierra Leone (22.7K units)
- Botswana (19.4K units)
- Tanzania (18.2K units)
This report provides an in-depth analysis of the market for grease fittings and oil seals 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 28298400 - Non-automatic lubricating pots, greasing nipples, oil seal rings, hand wheels, levers, hand grips, safety guards and baseplates for machinery
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
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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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