South Africa: Memories Market 2024

Memories Market Size in South Africa

In 2023, after two years of growth, there was significant decline in the South African memories market, when its value decreased by X% to $X. Over the period under review, consumption showed a deep setback. Memories consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Memories Exports

Exports from South Africa

Memories exports from South Africa declined remarkably to X units in 2023, falling by X% on the previous year's figure. Overall, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2022 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, memories exports rose significantly to $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for memories exports from South Africa, with a X% share of total exports. Moreover, memories exports to the United Arab Emirates exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The third position in this ranking was held by the UK (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the UK (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for multichip integrated circuits: memories exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by Zambia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Zambia (X% per year).

Export Prices by Country

The average memories export price stood at $X per unit in 2023, growing by X% against the previous year. In general, the export price posted a remarkable increase. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to Namibia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Memories Imports

Imports into South Africa

After two years of growth, purchases abroad of multichip integrated circuits: memories decreased by X% to X units in 2023. Overall, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, memories imports reduced slightly to $X in 2023. Over the period under review, imports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Thailand (X units) constituted the largest supplier of memories to South Africa, accounting for a X% share of total imports. Moreover, memories imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest memories suppliers to South Africa were Taiwan (Chinese) ($X), China ($X) and the United States ($X), together comprising X% of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded 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

The average memories import price stood at $X per unit in 2023, growing by X% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, memories import price increased by X% against 2018 indices. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform