SADC: Wire And Cable Market 2024

Wire And Cable Market Size in SADC

The SADC wire and cable market rose slightly to $X in 2022, picking up by X% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Wire And Cable Production in SADC

In value terms, wire and cable production totaled $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Wire And Cable Exports

Exports in SADC

In 2022, approx. X tons of insulated wire and cable were exported in SADC; rising by X% compared with the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, wire and cable exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

South Africa (X tons) and Botswana (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Zambia (X tons), creating a X% share of total exports. Tanzania (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Tanzania (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest wire and cable supplying countries in SADC were South Africa ($X), Botswana ($X) and Zambia ($X), with a combined X% share of total exports. Tanzania lagged somewhat behind, accounting for a further X%.

Tanzania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in South Africa ($X per ton) and Botswana ($X per ton), while Tanzania ($X per ton) and Zambia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Wire And Cable Imports

Imports in SADC

Wire and cable imports skyrocketed to X tons in 2022, with an increase of X% compared with 2021. In general, imports showed a prominent increase. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, wire and cable imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Mozambique was the largest importer of insulated wire and cable in SADC, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by South Africa (X tons), making up a X% share of total imports. Democratic Republic of the Congo (X tons), Tanzania (X tons), Angola (X tons), Botswana (X tons) and Zimbabwe (X tons) took a minor share of total imports.

Mozambique was also the fastest-growing in terms of the insulated wire and cable imports, with a CAGR of X% from 2012 to 2022. At the same time, Democratic Republic of the Congo (X%), Zimbabwe (X%) and South Africa (X%) displayed positive paces of growth. Tanzania and Botswana experienced a relatively flat trend pattern. By contrast, Angola (X%) illustrated a downward trend over the same period. While the share of Mozambique (X p.p.) and Democratic Republic of the Congo (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Botswana (X p.p.), Tanzania (X p.p.), South Africa (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 ($X) constitutes the largest market for imported insulated wire and cable in SADC, comprising X% of total imports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total imports. It was followed by Botswana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Democratic Republic of the Congo (X% per year) and Botswana (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Botswana ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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