South Africa: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in South Africa

The South African lathe for removing metal market surged to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a abrupt downturn. Lathe for removing metal consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports from South Africa

In 2022, approx. X units of lathes for removing metal were exported from South Africa; jumping by X% on 2021 figures. Over the period under review, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal exports surged to $X in 2022. In general, exports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X units) was the main destination for lathe for removing metal exports from South Africa, accounting for a X% share of total exports. Moreover, lathe for removing metal exports to Sweden exceeded the volume sent to the second major destination, Namibia (X units), more than tenfold. Zimbabwe (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Zimbabwe (X% per year).

In value terms, Zambia ($X), Zimbabwe ($X) and Namibia ($X) constituted the largest markets for lathe for removing metal exported from South Africa worldwide, with a combined X% share of total exports.

Zimbabwe, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The average lathe for removing metal export price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to Sweden ($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 a decline.

Imports of Lathes For Removing Metal

Imports into South Africa

In 2022, lathe for removing metal imports into South Africa soared to X units, increasing by X% on the previous year. Over the period under review, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, lathe for removing metal imports soared to $X in 2022. In general, imports, however, recorded a noticeable descent. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of lathe for removing metal to South Africa, with a X% share of total imports. Moreover, lathe for removing metal imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. Taiwan (Chinese) (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: Germany (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and South Korea ($X) appeared to be the largest lathe for removing metal suppliers to South Africa, together accounting for X% of total imports. Germany, the United States and the UK lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average lathe for removing metal import price amounted to $X per unit, falling by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a 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 South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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