South Africa: Smart Card Market 2024

Smart Card Market Size in South Africa

The South African smart card market expanded remarkably to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated a perceptible increase from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. Smart card consumption peaked in 2022 and is likely to see gradual growth in the near future.

Smart Card Production in South Africa

In value terms, smart card production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Smart Card Exports

Exports from South Africa

In 2022, approx. X units of cards incorporating an electronic integrated circuit (smart card) were exported from South Africa; shrinking by X% compared with the previous year. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, smart card exports contracted to $X in 2022. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Zambia (X units), Botswana (X units) and Lesotho (X units) were the main destinations of smart card exports from South Africa, together comprising X% of total exports. Namibia, Mozambique, the UK, Swaziland, Angola, Malawi and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X), Botswana ($X) and Zambia ($X) were the largest markets for smart card exported from South Africa worldwide, together comprising X% of total exports. Lesotho, Namibia, the UK, Swaziland, Angola, Malawi and China lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the UK, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average smart card export price stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while the average price for exports to Lesotho ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (X%), while the prices for the other major destinations experienced more modest paces of growth.

Smart Card Imports

Imports into South Africa

In 2022, supplies from abroad of cards incorporating an electronic integrated circuit (smart card) decreased by X% to X units for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then shrank slightly in the following year.

In value terms, smart card imports soared to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of smart card to South Africa, with a X% share of total imports. Moreover, smart card imports from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold. Singapore (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Singapore (X% per year).

In value terms, China ($X) constituted the largest supplier of cards incorporating an electronic integrated circuit (smart card) to South Africa, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and India (X% per year).

Import Prices by Country

The average smart card import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, recorded a abrupt downturn. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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