South Africa: Market for Residential, Commercial and Industrial Lighting Fixture 2023

Market Size for Residential, Commercial and Industrial Lighting Fixture in South Africa

After two years of decline, the South African market for residential, commercial and industrial lighting fixture increased by 44% to $X in 2021. Over the period under review, consumption, however, saw a noticeable slump. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from South Africa

In 2021, approx. X units of residential, commercial and industrial lighting fixture were exported from South Africa; with an increase of 50% on 2020 figures. Over the period under review, exports, however, showed a perceptible contraction. Over the period under review, the exports of reached the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. In general, exports, however, saw a abrupt slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X units) was the main destination for exports of residential, commercial and industrial lighting fixture from South Africa, accounting for a 26% share of total exports. Moreover, exports of residential, commercial and industrial lighting fixture to Botswana exceeded the volume sent to the second major destination, Lesotho (X units), twofold. Zambia (X units) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to Botswana totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (-5.3% per year) and Zambia (-1.0% per year).

In value terms, Botswana ($X), the United States ($X) and Namibia ($X) appeared to be the largest markets for residential, commercial and industrial lighting fixture exported from South Africa worldwide, with a combined 47% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +30.2%, recorded the highest growth rate of 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

The average export price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, which is down by -17.4% against the previous year. In general, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 31% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Lesotho ($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 Democratic Republic of the Congo (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into South Africa

In 2021, overseas purchases of residential, commercial and industrial lighting fixture were finally on the rise to reach X units after two years of decline. Overall, imports, however, showed a perceptible downturn. Over the period under review, imports of reached the maximum at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of residential, commercial and industrial lighting fixture surged to $X in 2021. In general, imports, however, showed a perceptible slump. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of residential, commercial and industrial lighting fixture to South Africa, accounting for a 94% share of total imports. It was followed by India (X units), with a 1.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -3.1%.

In value terms, China ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to South Africa, comprising 79% of total imports. The second position in the ranking was held by India ($X), with a 1.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -3.5%.

Import Prices by Country

The average import price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, with an increase of 16% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 29% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.4%).

Source: IndexBox Market Intelligence Platform

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