South Africa: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in South Africa

The South African market for fully or partly automatic electric machines for arc welding of metals dropped to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a deep setback. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in South Africa

In value terms, production of fully or partly automatic electric machines for arc welding of metals declined to $X in 2022 estimated in export price. Over the period under review, production showed a deep contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports from South Africa

In 2022, overseas shipments of fully or partly automatic electric machines for arc welding of metals decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals declined sharply to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports of attained the maximum at $X in 2021, and then plummeted in the following year.

Exports by Country

The United States (X units), the Czech Republic (X units) and Germany (X units) were the main destinations of exports of fully or partly automatic electric machines for arc welding of metals from South Africa, with a combined X% share of total exports. Mexico, Zimbabwe, Swaziland, Namibia, Zambia, Botswana and Australia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for fully or partly automatic electric machines for arc welding of metals exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the average export price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, declining by X% against the previous year. Overall, the export price, however, saw a significant increase. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 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 ($X per unit), while the average price for exports to Namibia ($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 Zambia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports into South Africa

In 2022, the amount of fully or partly automatic electric machines for arc welding of metals imported into South Africa soared to X units, rising by X% against the previous year. Over the period under review, imports showed a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals skyrocketed to $X in 2022. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest fully or partly automatic arc welding machine supplier to South Africa, accounting for a X% share of total imports. Moreover, imports of fully or partly automatic electric machines for arc welding of metals from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by Japan (X units), with a X% share.

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

In value terms, the largest fully or partly automatic arc welding machine suppliers to South Africa were Japan ($X), the United States ($X) and Germany ($X), together comprising X% of total imports.

Among the main suppliers, Japan, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 import price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price posted resilient growth. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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