SADC: Electrical Signalling Apparatus Market 2023

Electrical Signalling Apparatus Market Size in SADC

In 2022, the SADC electrical signalling apparatus market was finally on the rise to reach $X after two years of decline. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Electrical Signalling Apparatus Production in SADC

In value terms, electrical signalling apparatus production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded slight growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 700%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Electrical Signalling Apparatus Exports

Exports in SADC

Electrical signalling apparatus exports fell modestly to X units in 2022, remaining relatively unchanged against 2021. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 51%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, electrical signalling apparatus exports rose markedly to $X in 2022. In general, exports recorded a pronounced setback. The pace of growth was the most pronounced in 2017 with an increase of 30%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of electrical apparatus for sound or visual signalling, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the electrical apparatus for sound or visual signalling exports, with a CAGR of -3.7% from 2012 to 2022. While the share of South Africa (+21 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest electrical signalling apparatus supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at -3.8%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, increasing by 13% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical signalling apparatus export price decreased by -23.4% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 45% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -0.1% per year.

Electrical Signalling Apparatus Imports

Imports in SADC

In 2022, overseas purchases of electrical apparatus for sound or visual signalling increased by 11% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a slight downturn. The most prominent rate of growth was recorded in 2017 with an increase of 47%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, electrical signalling apparatus imports expanded modestly to $X in 2022. Overall, imports, however, continue to indicate a mild shrinkage. The growth pace was the most rapid in 2016 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Tanzania (X units) and South Africa (X units) represented roughly 57% of total imports in 2022. Angola (X units) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Zambia (8.4%) and Botswana (6.4%). The following importers - Mauritius (X units) and Namibia (X units) - each resulted at a 6.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mauritius (with a CAGR of +9.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported electrical apparatus for sound or visual signalling in SADC, comprising 64% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 6.2% share of total imports. It was followed by Angola, with a 5.2% share.

In South Africa, electrical signalling apparatus imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (+6.9% per year) and Angola (-14.9% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, reducing by -5.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 28%. Over the period under review, import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+6.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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