South Africa: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in South Africa

The South African continuous-action elevators and conveyors market rose to $X in 2022, picking up by X% against the previous year. In general, consumption showed buoyant growth. Continuous-action elevators and conveyors consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Continuous-Action Elevators And Conveyors in South Africa

In value terms, continuous-action elevators and conveyors production rose to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports from South Africa

In 2022, the amount of continuous-action elevators and conveyors exported from South Africa declined notably to X units, which is down by X% on the previous year. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, continuous-action elevators and conveyors exports soared to $X in 2022. Over the period under review, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X units), Zimbabwe (X units) and Democratic Republic of the Congo (X units) were the main destinations of continuous-action elevators and conveyors exports from South Africa, together comprising X% of total exports. Angola, Morocco, the United States, Tanzania, Botswana, Namibia, Sierra Leone, Zambia and Senegal lagged somewhat behind, together comprising 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 Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for continuous-action elevators and conveyors exported from South Africa were the United States ($X), Democratic Republic of the Congo ($X) and Zimbabwe ($X), together comprising X% of total exports. Zambia, Botswana, Namibia, Angola, Argentina, Tanzania, Morocco, Senegal and Sierra Leone lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average continuous-action elevators and conveyors export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a sharp decrease. The most prominent rate of growth was recorded in 2017 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Sierra Leone ($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 Morocco (X%), while the prices for the other major destinations experienced a decline.

Imports of Continuous-Action Elevators And Conveyors

Imports into South Africa

In 2022, approx. X units of continuous-action elevators and conveyors were imported into South Africa; with a decrease of X% compared with the previous year's figure. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, continuous-action elevators and conveyors imports contracted remarkably to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. 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 attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest continuous-action elevators and conveyors supplier to South Africa, accounting for a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was taken by Germany (X units), with a X% share.

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

In value terms, the largest continuous-action elevators and conveyors suppliers to South Africa were China ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. The UK, the United States, Australia, Austria, South Korea, France and Namibia lagged somewhat behind, together accounting for a further X%.

Namibia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 2022, the average continuous-action elevators and conveyors import price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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 Austria ($X per unit), while the price for Namibia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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