SADC: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2024

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in SADC

The SADC market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels skyrocketed to $X in 2022, picking up by X% against the previous year. In general, consumption continues to indicate significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in SADC

In value terms, grease fittings and oil seals production expanded remarkably to $X in 2022 estimated in export price. Overall, production continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports in SADC

In 2022, shipments abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels was finally on the rise to reach X units after three years of decline. Over the period under review, exports continue to indicate a notable increase. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, grease fittings and oil seals exports soared to $X in 2022. Overall, exports continue to indicate strong growth. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa (X units) and Namibia (X units) prevails in exports structure, together achieving X% of total exports. The following exporters - Angola (X units) and Zambia (X units) - each finished at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, South Africa ($X) remains the largest grease fittings and oil seals supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

In South Africa, grease fittings and oil seals exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Namibia (X% per year) and Angola (X% per year).

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, reducing by X% against the previous year. Export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grease fittings and oil seals export price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per unit), while Namibia ($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 (X%), while the other leaders experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports in SADC

Grease fittings and oil seals imports surged to X units in 2022, rising by X% against 2021. Over the period under review, imports saw a measured increase. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, grease fittings and oil seals imports reduced modestly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

South Africa represented the key importing country with an import of around X units, which reached X% of total imports. Democratic Republic of the Congo (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Angola (X%) and Zambia (X%). The following importers - Tanzania (X units), Madagascar (X units) and Mozambique (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to grease fittings and oil seals imports into South Africa stood at X%. At the same time, Mozambique (X%), Zambia (X%), Madagascar (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Angola (X%) and Tanzania (X%) illustrated a downward trend over the same period. Democratic Republic of the Congo (X p.p.), South Africa (X p.p.) and Zambia (X p.p.) significantly strengthened its position in terms of the total imports, while Tanzania and Angola saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels in SADC, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with an X% share of total imports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Zambia (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mozambique ($X per unit), while Democratic Republic of the Congo ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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