South Africa: Multimeter Market 2024

Multimeter Market Size in South Africa

In 2022, the South African multimeter market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a relatively flat trend pattern. Multimeter consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Multimeter Exports

Exports from South Africa

In 2022, overseas shipments of multimeters increased by X% to X units, rising for the second consecutive year after two years of decline. In general, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, multimeter exports rose markedly to $X in 2022. Overall, exports, however, recorded a mild downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Namibia (X units) was the main destination for multimeter exports from South Africa, accounting for a X% share of total exports. Moreover, multimeter exports to Namibia exceeded the volume sent to the second major destination, Mozambique (X units), threefold. Zambia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Namibia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Zambia (X% per year).

In value terms, the largest markets for multimeter exported from South Africa were Namibia ($X), Democratic Republic of the Congo ($X) and Zambia ($X), together comprising X% of total exports. Mozambique, Botswana, Zimbabwe, Swaziland, the United Arab Emirates, Lesotho and Mauritius lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, 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 multimeter export price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Mauritius ($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 Namibia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Multimeter Imports

Imports into South Africa

In 2022, overseas purchases of multimeters increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, multimeter imports amounted to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of multimeter to South Africa, with a X% share of total imports. Moreover, multimeter imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), ninefold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a X% share.

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

In value terms, China ($X), Austria ($X) and Taiwan (Chinese) ($X) constituted the largest multimeter suppliers to South Africa, together accounting for X% of total imports.

Austria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 multimeter import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price saw a deep contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average 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 Hungary ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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