South Africa: Metal Advertising Sign Market 2024

Metal Advertising Sign Market Size in South Africa

After three years of growth, the South African metal advertising sign market decreased by X% to $X in 2020. In general, consumption, however, showed a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption failed to regain momentum.

Metal Advertising Sign Production in South Africa

In value terms, metal advertising sign production reduced dramatically to $X in 2020 estimated in export price. In general, production recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Metal advertising sign production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain momentum.

Metal Advertising Sign Exports

Exports from South Africa

In 2020, after two years of growth, there was significant decline in shipments abroad of metal advertising signs, when their volume decreased by X% to X tons. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2020, the exports stood at a somewhat lower figure.

In value terms, metal advertising sign exports shrank significantly to $X in 2020. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

Namibia (X tons), Mozambique (X tons) and Malawi (X tons) were the main destinations of metal advertising sign exports from South Africa, together comprising X% of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malawi (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Botswana ($X) and Belgium ($X) appeared to be the largest markets for metal advertising sign exported from South Africa worldwide, together comprising X% of total exports.

Among the main countries of destination, Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2020, the average metal advertising sign export price amounted to $X per ton, falling by X% against the previous year. In general, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Malawi ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (X%), while the prices for the other major destinations experienced a decline.

Metal Advertising Sign Imports

Imports into South Africa

In 2020, purchases abroad of metal advertising signs was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a deep contraction. Imports peaked at X tons in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, metal advertising sign imports reduced modestly to $X in 2020. In general, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), China (X tons) and the United States (X tons) were the main suppliers of metal advertising sign imports to South Africa, with a combined X% share of total imports.

From 2012 to 2020, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal advertising sign suppliers to South Africa were the United States ($X), China ($X) and Germany ($X), with a combined X% share of total imports. Italy, Spain, India, the UK and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average metal advertising sign import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price saw a perceptible curtailment. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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