SADC: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in SADC

The SADC electrical circuit apparatus market soared to $X in 2021, rising by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Electrical Circuit Apparatus Production in SADC

In value terms, electrical circuit apparatus production soared to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electrical Circuit Apparatus Exports

Exports in SADC

In 2021, overseas shipments of electrical apparatus for circuit connection, switching and protection increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electrical circuit apparatus exports soared to $X in 2021. Overall, exports, however, showed a perceptible contraction. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, South Africa (X units) represented the largest exporter of electrical apparatus for circuit connection, switching and protection, comprising X% of total exports. It was distantly followed by Lesotho (X units), constituting a X% share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of electrical apparatus for circuit connection, switching and protection. At the same time, Lesotho (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2021. Lesotho (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2021, respectively.

In value terms, South Africa ($X) remains the largest electrical circuit apparatus supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Lesotho ($X), with a X% share of total exports.

In South Africa, electrical circuit apparatus exports decreased by an average annual rate of X% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per unit, stabilizing at the previous year. In general, the export price, however, showed a pronounced reduction. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Lesotho ($X per unit), while South Africa totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Electrical Circuit Apparatus Imports

Imports in SADC

Electrical circuit apparatus imports soared to X units in 2021, picking up by X% on 2020 figures. The total import volume increased at an average annual rate of X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a noticeable shrinkage. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa represented the key importer of electrical apparatus for circuit connection, switching and protection in SADC, with the volume of imports reaching X units, which was near X% of total imports in 2021. It was distantly followed by Tanzania (X units), Angola (X units), Botswana (X units) and Mozambique (X units), together comprising a X% share of total imports. Zimbabwe (X units), Democratic Republic of the Congo (X units), Lesotho (X units), Zambia (X units), Mauritius (X units), Swaziland (X units) and Namibia (X units) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2021. At the same time, Lesotho (X%), Mozambique (X%), Democratic Republic of the Congo (X%), Zimbabwe (X%), Tanzania (X%), Swaziland (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2021. Mauritius experienced a relatively flat trend pattern. By contrast, Zambia (X%), Angola (X%) and Namibia (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Tanzania (X p.p.), Lesotho (X p.p.), Mozambique (X p.p.) and Democratic Republic of the Congo (X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Zambia (X p.p.), Namibia (X p.p.) and Angola (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported electrical apparatus for circuit connection, switching and protection in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with a X% share of total imports. It was followed by Botswana, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Botswana (X% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Namibia ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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