South Africa: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in South Africa

In 2023, the South African non-hydraulic press market decreased by X% to less than $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, saw a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Non-Hydraulic Press Production in South Africa

In value terms, non-hydraulic press production stood at less than $X in 2023 estimated in export price. In general, production, however, saw a precipitous decline. The pace of growth was the most pronounced in 2020 when the production volume decreased by X%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Non-Hydraulic Press Exports

Exports from South Africa

In 2021, approx. X units of non-hydraulic presses for working metal were exported from South Africa; rising by X% compared with the year before. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, non-hydraulic press exports rose significantly to $X in 2021. Over the period under review, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X units) was the main destination for non-hydraulic press exports from South Africa, accounting for a X% share of total exports. Moreover, non-hydraulic press exports to Singapore exceeded the volume sent to the second major destination, Lesotho (X units), more than tenfold. Namibia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (X% per year) and Namibia (X% per year).

In value terms, the largest markets for non-hydraulic press exported from South Africa were Italy ($X), Lesotho ($X) and Zambia ($X), together comprising X% of total exports. Germany, Botswana, Singapore, Namibia, India and Swaziland lagged somewhat behind, together accounting for a further X%.

Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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

In 2021, the average non-hydraulic press export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price faced a sharp decrease. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Hydraulic Press Imports

Imports into South Africa

Non-hydraulic press imports into South Africa skyrocketed to X units in 2021, increasing by X% compared with the year before. Overall, imports recorded buoyant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, non-hydraulic press imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable curtailment. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X units) constituted the largest non-hydraulic press supplier to South Africa, accounting for a X% share of total imports. Moreover, non-hydraulic press imports from South Korea exceeded the figures recorded by the second-largest supplier, Switzerland (X units), threefold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and China (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of non-hydraulic presses for working metal to South Africa, comprising X% of total imports. The second position in the ranking was held by Switzerland ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Spain (X% per year).

Import Prices by Country

In 2021, the average non-hydraulic press import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, recorded a drastic downturn. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform