South Africa: Way-Type Unit Head Market 2022

Way-Type Unit Head Market Size in South Africa

The South African way-type unit head market fell notably to $X in 2021, waning by -X% against the previous year. Over the period under review, consumption, however, enjoyed a significant increase. As a result, consumption reached the peak level of $X, and then shrank notably in the following year.

Way-Type Unit Head Production in South Africa

In value terms, way-type unit head production contracted rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then contracted markedly in the following year.

Way-Type Unit Head Exports

Exports from South Africa

In 2021, the amount of way-type unit heads for working metal exported from South Africa dropped remarkably to X tons, with a decrease of -X% on 2020 figures. In general, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, way-type unit head exports declined remarkably to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ethiopia (X tons) was the main destination for way-type unit head exports from South Africa, with a X% share of total exports. Moreover, way-type unit head exports to Ethiopia exceeded the volume sent to the second major destination, Uganda (X kg), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ethiopia amounted to -X%.

In value terms, Ethiopia ($X) remains the key foreign market for way-type unit head exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Uganda ($X), with less than X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Ethiopia amounted to -X%.

Export Prices by Country

The average way-type unit head export price stood at $X per ton in 2021, falling by -X% against the previous year. In general, the export price, however, recorded a slight expansion. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Uganda amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (-X%).

Way-Type Unit Head Imports

Imports into South Africa

In 2021, the amount of way-type unit heads for working metal imported into South Africa reduced to X tons, waning by -X% on 2020. In general, imports, however, posted buoyant growth. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, way-type unit head imports rose slightly to $X in 2021. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of way-type unit head to South Africa, accounting for a X% share of total imports. Moreover, way-type unit head imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Germany (+X% per year).

In value terms, the United States ($X), Germany ($X) and Italy ($X) appeared to be the largest way-type unit head suppliers to South Africa, together comprising X% of total imports.

Germany, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average way-type unit head import price stood at $X per ton in 2021, increasing by X% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, way-type unit head import price decreased by -X% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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