South Africa: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in South Africa

The South African air or gas liquefier market fell to $X in 2022, with a decrease of -5.4% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Machinery for Liquefying Air or Gases in South Africa

In value terms, air or gas liquefier production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 34% against the previous year. Air or gas liquefier production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Exports of Machinery for Liquefying Air or Gases

Exports from South Africa

In 2022, shipments abroad of machinery for liquefying air or gases increased by 80% to X units, rising for the third consecutive year after three years of decline. Over the period under review, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2016 when exports increased by 600%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, air or gas liquefier exports surged to $X in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X units) was the main destination for air or gas liquefier exports from South Africa, with a 67% share of total exports. Moreover, air or gas liquefier exports to Egypt exceeded the volume sent to the second major destination, Lesotho (X units), sixfold. The third position in this ranking was held by Swaziland (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (0.0% per year) and Swaziland (0.0% per year).

In value terms, Egypt ($X) emerged as the key foreign market for machinery for liquefying air or gases exports from South Africa, comprising 94% of total exports. The second position in the ranking was held by Swaziland ($X), with a 2.7% share of total exports. It was followed by Malawi, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (+58.2% per year) and Malawi (+80.6% per year).

Export Prices by Country

The average air or gas liquefier export price stood at $X per unit in 2022, with an increase of 2,920% against the previous year. In general, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Lesotho ($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 Belgium (+847.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery for Liquefying Air or Gases

Imports into South Africa

Air or gas liquefier imports into South Africa fell dramatically to X units in 2022, reducing by -50% against 2021. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2013 when imports increased by 350% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, air or gas liquefier imports surged to $X in 2022. Overall, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 5,950%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Hong Kong SAR (X units) was the main supplier of air or gas liquefier to South Africa, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Hong Kong SAR was relatively modest.

In value terms, Italy ($X) constituted the largest supplier of machinery for liquefying air or gases to South Africa, comprising 5.8% of total imports. The second position in the ranking was taken by Hungary ($X), with a 1.3% share of total imports. It was followed by Israel, with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at -22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+123.0% per year) and Israel (+35.7% per year).

Import Prices by Country

In 2022, the average air or gas liquefier import price amounted to $X per unit, surging by 110% against the previous year. In general, the import price showed a significant expansion. The growth pace was the most rapid in 2019 an increase of 1,889%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+1,022.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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