SADC: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in SADC

In 2023, after three years of growth, there was decline in the SADC electric soldering iron market, when its value decreased by X% to $X. The total consumption indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Electric Soldering Iron Production in SADC

In value terms, electric soldering iron production totaled $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume decreased by X%. The level of production peaked in 2023 and is expected to retain growth in the near future.

Electric Soldering Iron Exports

Exports in SADC

In 2023, after two years of growth, there was significant decline in overseas shipments of electric soldering irons and guns, when their volume decreased by X% to X units. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of X units, and then reduced remarkably in the following year.

In value terms, electric soldering iron exports declined remarkably to $X in 2023. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

The biggest shipments were from South Africa (X units), together recording X% of total export.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of electric soldering irons and guns. From 2012 to 2023, the share of South Africa increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest electric soldering iron supplier in SADC.

In South Africa, electric soldering iron exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

The export price in SADC stood at $X per unit in 2023, growing by X% against the previous year. Export price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electric soldering iron export price decreased by X% against 2021 indices. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

Electric Soldering Iron Imports

Imports in SADC

In 2023, imports of electric soldering irons and guns in SADC was estimated at X units, approximately reflecting the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, electric soldering iron imports fell to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

South Africa represented the main importing country with an import of about X units, which accounted for X% of total imports. Angola (X units) held the second position in the ranking, distantly followed by Zimbabwe (X units) and Tanzania (X units). All these countries together held approx. X% share of total imports. Democratic Republic of the Congo (X units), Mauritius (X units) and Botswana (X units) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to electric soldering iron imports into South Africa stood at X%. At the same time, Democratic Republic of the Congo (X%), Tanzania (X%), Zimbabwe (X%), Botswana (X%), Mauritius (X%) and Angola (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. While the share of Zimbabwe (X p.p.), Tanzania (X p.p.), Democratic Republic of the Congo (X p.p.) and Angola (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Democratic Republic of the Congo ($X) and Angola ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Among the main importing countries, Democratic Republic of the Congo, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the import price in SADC amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while Zimbabwe ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform