SADC: Parachute Market 2023

Parachute Market Size in SADC

The SADC parachute market declined to $X in 2022, reducing by X% against the previous year. In general, consumption saw a slight slump. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Parachute Production in SADC

In value terms, parachute production shrank modestly to $X in 2022 estimated in export price. In general, production showed a mild shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Parachute Exports

Exports in SADC

In 2022, the amount of parachutes and rotochutes exported in SADC skyrocketed to X tons, picking up by X% compared with the year before. In general, exports saw a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, parachute exports skyrocketed to $X in 2022. Over the period under review, exports posted a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, reaching X tons, which was near X% of total exports in 2022. 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, Mauritius (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. 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 ($X) remains the largest parachute supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Mauritius ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Parachute Imports

Imports in SADC

In 2022, supplies from abroad of parachutes and rotochutes decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, showed a temperate increase. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, parachute imports reduced rapidly to $X in 2022. In general, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then declined remarkably in the following year.

Imports by Country

South Africa was the key importer of parachutes and rotochutes in SADC, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Namibia (X tons), mixing up an X% share of total imports. Malawi (X kg), Mauritius (X kg) and Zimbabwe (X kg) held a relatively small share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Malawi (X%), Zimbabwe (X%), Namibia (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Malawi emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. While the share of South Africa (X p.p.), Malawi (X p.p.) and Zimbabwe (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported parachutes and rotochutes in SADC, comprising X% of total imports. The second position in the ranking was taken by Namibia ($X), with a X% share of total imports. It was followed by Zimbabwe, 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: Namibia (X% per year) and Zimbabwe (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price posted a tangible expansion. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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