Africa: Parachute Market 2024

Parachute Market Size in Africa

The African parachute market reached $X in 2022, flattening at the previous year. Overall, consumption saw a noticeable setback. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Parachute Production in Africa

In value terms, parachute production reached $X in 2022 estimated in export price. Overall, production showed a mild shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Parachute Exports

Exports in Africa

In 2022, the amount of parachutes and rotochutes exported in Africa soared to X tons, picking up by X% against 2021. Overall, exports posted a notable expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, parachute exports soared to $X in 2022. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X tons) represented the major exporter of parachutes and rotochutes, constituting X% of total exports. It was distantly followed by Gabon (X tons), creating a X% share of total exports. Tunisia (X tons) and Mauritius (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to parachute exports from South Africa stood at X%. At the same time, Gabon (X%), Tunisia (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Gabon emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Gabon (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest parachute supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Gabon ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Gabon (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gabon (X%), while the other leaders experienced mixed trends in the export price figures.

Parachute Imports

Imports in Africa

In 2022, purchases abroad of parachutes and rotochutes decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, parachute imports declined markedly to $X in 2022. Over the period under review, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2015 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

South Africa represented the largest importing country with an import of about X tons, which amounted to X% of total imports. Togo (X tons) held the second position in the ranking, followed by Ghana (X tons), Tunisia (X tons), Algeria (X tons) and Gabon (X tons). All these countries together held near X% share of total imports. Namibia (X tons), Senegal (X tons), Cote d'Ivoire (X tons) and Ethiopia (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to parachute imports into South Africa stood at X%. At the same time, Senegal (X%), Togo (X%), Gabon (X%), Ghana (X%), Tunisia (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Ethiopia experienced a relatively flat trend pattern. By contrast, Cote d'Ivoire (X%) and Algeria (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Togo (X p.p.), Ghana (X p.p.), Tunisia (X p.p.), Gabon (X p.p.), Senegal (X p.p.), Namibia (X p.p.) and Ethiopia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Algeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported parachutes and rotochutes in Africa, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Algeria, with an X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Algeria (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, reducing by X% against the previous year. Overall, the import price showed a slight decline. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :