SADC: Insulating Fittings Market 2024

Insulating Fittings Market Size in SADC

The SADC insulating fittings market fell modestly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a mild increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Insulating Fittings Production in SADC

In value terms, insulating fittings production dropped modestly to $X in 2022 estimated in export price. In general, production showed a mild slump. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Insulating Fittings Exports

Exports in SADC

In 2022, shipments abroad of insulating fittings for electrical purposes increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, saw a deep setback. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, insulating fittings exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. Mauritius (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to insulating fittings exports from South Africa stood at X%. At the same time, Mauritius (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. While the share of Mauritius (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, dropping by X% against the previous year. Export price indicated a modest increase from 2012 to 2022: its price 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, insulating fittings export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while South Africa amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (X%).

Insulating Fittings Imports

Imports in SADC

In 2022, supplies from abroad of insulating fittings for electrical purposes increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a pronounced decline. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, insulating fittings imports expanded rapidly to $X in 2022. Over the period under review, imports, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the six major importers of insulating fittings for electrical purposes, namely Mozambique, South Africa, Tanzania, Democratic Republic of the Congo, Angola and Botswana, represented more than two-thirds of total import. It was distantly followed by Zimbabwe (X tons), constituting a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest insulating fittings importing markets in SADC were South Africa ($X), Democratic Republic of the Congo ($X) and Angola ($X), together accounting for X% of total imports. Mozambique, Tanzania, Zimbabwe and Botswana lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Mozambique, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, which is down by X% against the previous year. In general, the import price showed a mild decline. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Botswana ($X per ton) was 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 a decline in the import price figures.

Source: IndexBox Platform

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