SADC: Hedge Shear Market 2024

Hedge Shear Market Size in SADC

The SADC hedge shear market reduced modestly to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Hedge Shear Production in SADC

In value terms, hedge shear production shrank slightly to $X in 2023 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Hedge Shear Exports

Exports in SADC

After two years of growth, overseas shipments of hedge shears and two-handed pruning shears decreased by X% to X tons in 2023. Over the period under review, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, hedge shear exports shrank remarkably to $X in 2023. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, South Africa (X tons) was the major exporter of hedge shears and two-handed pruning shears in SADC, generating X% of total export.

South Africa was also the fastest-growing in terms of the hedge shears and two-handed pruning shears exports, with a CAGR of X% from 2012 to 2023. While the share of South Africa (X 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 hedge shear supplier in SADC.

From 2012 to 2023, the average annual growth rate of value in South Africa was relatively modest.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, picking up by X% against the previous year. Export price indicated a buoyant expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, hedge shear export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

Hedge Shear Imports

Imports in SADC

In 2023, approx. X tons of hedge shears and two-handed pruning shears were imported in SADC; rising by X% against 2022. Over the period under review, imports posted a slight increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, hedge shear imports fell slightly to $X in 2023. In general, imports, however, saw a mild slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of hedge shear imports in 2023 were Tanzania (X tons), South Africa (X tons) and Madagascar (X tons), together finishing at X% of total import. Democratic Republic of the Congo (X tons) took the next position in the ranking, followed by Mozambique (X tons). All these countries together took near X% share of total imports. Zimbabwe (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported hedge shears and two-handed pruning shears in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports. It was followed by Mozambique, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Mozambique (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, which is down by X% against the previous year. In general, the import price continues to indicate a perceptible decline. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zimbabwe ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform