South Africa: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in South Africa

In 2021, the South African market for wiring sets used in vehicles, aircraft or ships was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a resilient expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from South Africa

In 2021, after two years of growth, there was significant decline in shipments abroad of wiring sets used in vehicles, aircraft or ships, when their volume decreased by -5.3% to X tons. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 181% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 96%. Over the period under review, the exports of attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Botswana (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from South Africa, with a 54% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Botswana exceeded the volume sent to the second major destination, Namibia (X tons), sevenfold. Zambia (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to Botswana amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+11.7% per year) and Zambia (-1.5% per year).

In value terms, the largest markets for wiring sets used in vehicles, aircraft or ships exported from South Africa were Botswana ($X), Australia ($X) and Zambia ($X), with a combined 33% share of total exports. These countries were followed by Namibia, Poland, Germany, Zimbabwe, Democratic Republic of the Congo, Portugal and Hungary, which together accounted for a further 22%.

Among the main countries of destination, Portugal, with a CAGR of +85.8%, recorded 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 2021, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, with an increase of 73% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into South Africa

In 2021, imports of wiring sets used in vehicles, aircraft or ships into South Africa soared to X tons, rising by 36% compared with the previous year's figure. In general, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 76%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships soared to $X in 2021. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 56% against the previous year. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Botswana (X tons) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to South Africa, accounting for a 86% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from Botswana exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Botswana totaled +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+6.1% per year) and China (+13.5% per year).

In value terms, Botswana ($X) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to South Africa, comprising 70% of total imports. The second position in the ranking was held by Thailand ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Botswana totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+4.7% per year) and China (+9.4% per year).

Import Prices by Country

In 2021, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 7.5%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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