South Africa: Parachute Market 2024

Parachute Market Size in South Africa

The South African parachute market contracted dramatically to $X in 2022, waning by X% against the previous year. In general, consumption recorded a abrupt contraction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Parachute Production in South Africa

In value terms, parachute production rose slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Parachute Exports

Exports from South Africa

In 2022, parachute exports from South Africa soared to X tons, with an increase of X% compared with 2021 figures. Over the period under review, exports enjoyed notable growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, parachute exports skyrocketed to $X in 2022. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), the United States (X tons) and Panama (X tons) were the main destinations of parachute exports from South Africa, with a combined X% share of total exports. Brunei Darussalam and Zimbabwe lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Brunei Darussalam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Brunei Darussalam ($X) constituted the largest markets for parachute exported from South Africa worldwide, with a combined X% share of total exports.

Among the main countries of destination, Brunei Darussalam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average parachute export price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, 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 the United States ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%), while the prices for the other major destinations experienced more modest paces of growth.

Parachute Imports

Imports into South Africa

In 2022, overseas purchases of parachutes and rotochutes increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, parachute imports soared to $X in 2022. In general, imports saw a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of parachute to South Africa, with a X% share of total imports. Moreover, parachute imports from France exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United States (X% per year).

In value terms, the UK ($X), the United States ($X) and France ($X) constituted the largest parachute suppliers to South Africa, with a combined X% share of total imports. Turkey, Italy, Vietnam, Sri Lanka, Australia, China and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 parachute import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price 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, parachute import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 the UK ($X,869 per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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