South Africa - Suspension Systems - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSuspension System Price in South Africa - 2023
Contents:
- Suspension System Price in South Africa (CIF) - 2023
- Suspension System Price in South Africa (FOB) - 2022
- Suspension System Imports in South Africa
- Suspension System Exports in South Africa
Suspension System Price in South Africa (CIF) - 2023
The average suspension system import price stood at $6,927 per ton in September 2023, surging by 6.2% against the previous month. In general, the import price continues to indicate a mild expansion. The pace of growth was the most pronounced in July 2023 when the average import price increased by 15% m-o-m. The import price peaked at $8,063 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($16,706 per ton), while the price for China ($4,360 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Suspension System Price in South Africa (FOB) - 2022
In 2022, the average suspension system export price amounted to $10,976 per ton, reducing by -1.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 9.3%. Over the period under review, the average export prices attained the maximum at $12,023 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($30,774 per ton), while the average price for exports to Saudi Arabia ($4,573 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 Mozambique (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Suspension System Imports in South Africa
Suspension system imports into South Africa shrank to 18K tons in 2022, dropping by -5.2% against the previous year's figure. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 46%. As a result, imports attained the peak of 19K tons, and then contracted in the following year.
In value terms, suspension system imports shrank modestly to $124M in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 49% against the previous year. As a result, imports attained the peak of $126M, and then dropped modestly in the following year.
| Import of Suspension System in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.0 | 20.1 | 33.1 | 32.4 | 13.8% |
| Germany | 16.4 | 11.3 | 17.4 | 15.8 | -1.2% |
| Mexico | 8.2 | 5.4 | 8.9 | 11.1 | 10.6% |
| United States | 20.5 | 11.4 | 12.8 | 9.3 | -23.2% |
| Turkey | 4.7 | 4.4 | 8.1 | 9.2 | 25.1% |
| Japan | 6.5 | 6.0 | 9.2 | 7.6 | 5.3% |
| Poland | 3.7 | 3.0 | 4.6 | 7.2 | 24.8% |
| Spain | 5.9 | 6.1 | 7.0 | 6.1 | 1.1% |
| India | 1.8 | 1.5 | 3.1 | 3.7 | 27.1% |
| Romania | 2.5 | 2.3 | 3.4 | 3.6 | 12.9% |
| Belgium | 3.2 | 2.4 | 3.4 | 3.0 | -2.1% |
| Australia | 1.8 | 1.7 | 2.6 | 2.7 | 14.5% |
| Others | 11.2 | 8.9 | 11.8 | 12.0 | 2.3% |
| Total | 108 | 84.5 | 126 | 124 | 4.7% |
Top Suppliers of Suspension System to South Africa in 2022:
- China (7.9K tons)
- Turkey (1.8K tons)
- Mexico (1.2K tons)
- Germany (1.2K tons)
- Poland (1.0K tons)
- United States (0.8K tons)
- Spain (0.8K tons)
- Japan (0.7K tons)
- India (0.7K tons)
- Romania (0.4K tons)
- Australia (0.3K tons)
- Belgium (0.3K tons)
Suspension System Exports in South Africa
In 2022, approx. 3.7K tons of suspension systems were exported from South Africa; with a decrease of -8.6% on 2021. Overall, exports saw a abrupt decrease. The smallest decline of -0.8% was in 2021.
In value terms, suspension system exports reduced to $41M in 2022. Over the period under review, exports showed a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 4.9%.
| Export of Suspension System in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 28.1 | 19.6 | 19.0 | 13.5 | -21.7% |
| Namibia | 4.7 | 3.3 | 4.8 | 4.8 | 0.7% |
| Botswana | 4.3 | 3.6 | 4.6 | 4.0 | -2.4% |
| Mozambique | 2.4 | 1.9 | 2.7 | 3.1 | 8.9% |
| Zimbabwe | 1.5 | 1.8 | 3.0 | 2.9 | 24.6% |
| Zambia | 1.1 | 1.1 | 1.5 | 2.5 | 31.5% |
| Democratic Republic of the Congo | 1.0 | 0.6 | 1.1 | 2.4 | 33.9% |
| Belgium | 3.1 | 2.3 | 1.5 | 1.2 | -27.1% |
| Lesotho | 0.8 | 0.5 | 0.7 | 1.1 | 11.2% |
| Swaziland | 1.2 | 0.8 | 1.0 | 0.9 | -9.1% |
| United States | 1.6 | 0.9 | 0.8 | 0.6 | -27.9% |
| Saudi Arabia | 0.6 | 0.6 | 0.5 | 0.5 | -5.9% |
| Australia | 0.6 | 0.5 | 0.9 | 0.5 | -5.9% |
| Others | 4.1 | 6.1 | 3.7 | 3.2 | -7.9% |
| Total | 55.1 | 43.6 | 45.7 | 41.1 | -9.3% |
Top Export Markets for Suspension System from South Africa in 2022:
- Germany (1215.4 tons)
- Namibia (543.6 tons)
- Zimbabwe (330.7 tons)
- Botswana (304.8 tons)
- Mozambique (237.0 tons)
- Zambia (227.3 tons)
- Belgium (118.6 tons)
- Lesotho (112.8 tons)
- Swaziland (106.9 tons)
- Saudi Arabia (101.6 tons)
- Democratic Republic of the Congo (77.6 tons)
- Australia (65.8 tons)
- United States (42.8 tons)
This report provides an in-depth analysis of the suspension system 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 29323050 - Suspension systems and parts thereof (including shock absorbers)
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
304
This report provides an in-depth analysis of the suspension system market in South Africa.
415
This report provides an in-depth analysis of the market for automotive parts and accessories in South Africa.
295
This report provides an in-depth analysis of the inflator system airbag market in South Africa.
266
This report provides an in-depth analysis of the brakes and servo-brakes market in South Africa.
332
This report provides an in-depth analysis of the bumper market in South Africa.
357
This report provides an in-depth analysis of the clutch market in South Africa.
288
This report provides an in-depth analysis of the market for driving and non-driving axle in South Africa.
298
This report provides an in-depth analysis of the gear box market in South Africa.
233
This report provides an in-depth analysis of the motor vehicle radiator market in South Africa.
397
This report provides an in-depth analysis of the road wheel market in South Africa.
166
In September 2022, the import growth of Suspension System reached a remarkable pace, with a 219% increase compared to the previous month. The value of these imports in July 2023 amounted to $9.3M.
276
In May 2023, the price for Bumper was $8,769 per ton (CIF, South Africa), seeing a 40% increase from the previous month.
278
In July 2023, the Clutch price dropped to $7,346 per ton (CIF, South Africa), representing a decline of 15.1% compared to the previous month.
161
In May 2023, the growth rate reached its highest point as imports surged by 74% compared to the previous month. The import value of Steering Wheels And Columns witnessed a significant decline, dropping to $7.1M by November 2023.
1026
In value terms, millstones, grindstones and grinding wheels imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the t...
1086
In value terms, millstones, grindstones and grinding wheels exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend...
1704
Global automotive accessory imports stood at X tons in 2016, ascending by X% against the previous year figure. Overall, automotive accessory imports continue to indicate a slight downturn. The pa...
3433
Global automotive accessory imports stood at X tons in 2016, ascending by X% against the previous year figure. Overall, automotive accessory imports continue to indicate a slight downturn. The pa...
1146
In 2015, global automotive accessory market grew to X billion USD, which was slightly higher than the year before. From 2007 to 2015, average annual growth rate of consumption stood at +X% per year.
1776
China (X million USD) was calculated to be the leading consuming motor vehicle accessory market in 2015, accounting for approximately X% of global consumption. It was distantly followed by the U.S. with a X% share i
