Pumps; Parts Thereof Price in South Africa - 2023
Contents:
- Pumps; Parts Thereof Price in South Africa (FOB) - 2022
- Pumps; Parts Thereof Price in South Africa (CIF) - 2023
- Pumps; Parts Thereof Exports in South Africa
- Pumps; Parts Thereof Imports in South Africa
Pumps; Parts Thereof Price in South Africa (FOB) - 2022
The average pumps; parts thereof export price stood at $15,133 per ton in 2022, increasing by 7.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 16% against the previous year. As a result, the export price attained the peak level of $16,340 per ton. From 2015 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 ($26,842 per ton), while the average price for exports to China ($5,448 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Price in South Africa (CIF) - 2023
In July 2023, the average pumps; parts thereof import price amounted to $13,538 per ton, reducing by -11.4% against the previous month. Overall, the import price continues to indicate a mild curtailment. The pace of growth appeared the most rapid in January 2023 an increase of 28% against the previous month. The import price peaked at $16,899 per ton in October 2022; however, from November 2022 to July 2023, 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 the United States ($34,042 per ton), while the price for Pakistan ($4,416 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Exports in South Africa
In 2022, approx. 13K tons of pumps; parts thereoves were exported from South Africa; picking up by 6.7% compared with 2021. Over the period under review, exports, however, showed a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year.
In value terms, pumps; parts thereof exports rose remarkably to $191M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +50.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Pumps; Parts Thereof in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 16.2 | 13.0 | 34.4 | 36.4 | 31.0% |
| Zambia | 25.9 | 21.6 | 25.9 | 24.8 | -1.4% |
| Namibia | 11.1 | 10.6 | 11.8 | 14.1 | 8.3% |
| Mozambique | 10.4 | 12.8 | 11.3 | 11.9 | 4.6% |
| Australia | 7.8 | 6.0 | 6.8 | 10.4 | 10.1% |
| Mali | 2.3 | 2.5 | 3.0 | 7.7 | 49.6% |
| United States | 7.8 | 6.1 | 7.9 | 7.2 | -2.6% |
| Botswana | 5.8 | 4.6 | 4.7 | 6.4 | 3.3% |
| Canada | 2.9 | 1.5 | 2.6 | 5.7 | 25.3% |
| Colombia | N/A | N/A | 0.1 | 5.7 | 5600.0% |
| Sierra Leone | 2.7 | 2.6 | 3.2 | 5.4 | 26.0% |
| Ghana | 3.9 | 4.0 | 5.3 | 4.6 | 5.7% |
| China | 0.2 | 0.8 | 0.7 | 2.4 | 128.9% |
| Others | 42.6 | 40.9 | 49.1 | 48.5 | 4.4% |
| Total | 140 | 127 | 167 | 191 | 10.9% |
Top Export Markets for Pumps; Parts Thereof from South Africa in 2022:
- Zambia (1599.3 tons)
- Democratic Republic of the Congo (1356.1 tons)
- Australia (881.2 tons)
- Namibia (818.0 tons)
- United States (694.4 tons)
- Canada (653.3 tons)
- Mozambique (599.4 tons)
- Mali (548.0 tons)
- Sierra Leone (489.6 tons)
- China (448.5 tons)
- Colombia (429.6 tons)
- Botswana (382.2 tons)
- Ghana (331.2 tons)
Pumps; Parts Thereof Imports in South Africa
In 2022, pumps; parts thereof imports into South Africa totaled 8.2K tons, increasing by 12% on the previous year. The total import volume increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, pumps; parts thereof imports surged to $118M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.5% 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 +57.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
| Import of Pumps; Parts Thereof in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.9 | 16.2 | 23.0 | 31.2 | 20.3% |
| United States | 15.5 | 11.5 | 11.3 | 15.0 | -1.1% |
| Germany | 9.7 | 8.1 | 9.6 | 12.7 | 9.4% |
| India | 5.2 | 6.2 | 11.0 | 10.3 | 25.6% |
| Italy | 5.5 | 3.5 | 4.8 | 5.6 | 0.6% |
| Sweden | 4.2 | 2.8 | 3.9 | 5.0 | 6.0% |
| Czech Republic | 3.6 | 2.2 | 4.4 | 2.3 | -13.9% |
| Turkey | 1.3 | 1.3 | 1.5 | 1.7 | 9.4% |
| Others | 29.3 | 23.0 | 29.8 | 33.9 | 5.0% |
| Total | 92.3 | 74.8 | 99.3 | 118 | 8.5% |
Top Suppliers of Pumps; Parts Thereof to South Africa in 2022:
- China (4443.1 tons)
- India (940.1 tons)
- United States (460.2 tons)
- Germany (373.9 tons)
- Italy (265.2 tons)
- Sweden (198.3 tons)
- Turkey (162.6 tons)
- Czech Republic (89.8 tons)
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