South Africa: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in South Africa

In 2021, the South African electric rotary converter market decreased by -18.7% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Electric Rotary Converter Production in South Africa

In value terms, electric rotary converter production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Electric Rotary Converter Exports

Exports from South Africa

After two years of decline, shipments abroad of electric rotary converters increased by 45% to X units in 2021. In general, exports saw a pronounced expansion. The most prominent rate of growth was recorded in 2017 with an increase of 280% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric rotary converter exports dropped markedly to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 255%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X units) was the main destination for electric rotary converter exports from South Africa, with a 78% share of total exports. Moreover, electric rotary converter exports to Botswana exceeded the volume sent to the second major destination, Zimbabwe (X units), tenfold. Namibia (X units) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Botswana amounted to +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+50.5% per year) and Namibia (+10.7% per year).

In value terms, Botswana ($X) emerged as the key foreign market for electric rotary converters exports from South Africa, comprising 36% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total exports. It was followed by Zimbabwe, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Botswana stood at +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+17.9% per year) and Zimbabwe (+37.8% per year).

Export Prices by Country

In 2021, the average electric rotary converter export price amounted to $X per unit, declining by -70.9% against the previous year. Over the period under review, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 163%. The export price peaked at $X per unit in 2020, and then reduced markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Mozambique ($X per unit), while the average price for exports to Botswana ($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 the United Arab Emirates (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Rotary Converter Imports

Imports into South Africa

Electric rotary converter imports into South Africa totaled X units in 2021, growing by 8.5% against the year before. Overall, imports, however, recorded a precipitous descent. The most prominent rate of growth was recorded in 2013 with an increase of 5,717%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, electric rotary converter imports reduced sharply to $X in 2021. In general, imports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 345%. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest supplier of electric rotary converter to South Africa, with a 60% share of total imports. Moreover, electric rotary converter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was held by the UK (X units), with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at -20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (0.0% per year) and the UK (-22.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of electric rotary converters to South Africa, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by the UK, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.6% per year) and the UK (-4.4% per year).

Import Prices by Country

In 2021, the average electric rotary converter import price amounted to $X per unit, with a decrease of -72.7% against the previous year. Over the period under review, the import price, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 an increase of 6,289%. The import price peaked at $X per unit in 2020, and then reduced rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+33.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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