SADC: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in SADC

For the third year in a row, the SADC geometrical quantities electronic measurer market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption saw a noticeable expansion. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in SADC

In value terms, geometrical quantities electronic measurer production reduced to $X in 2023 estimated in export price. Overall, production, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports in SADC

In 2023, the amount of electronic instruments and machines for measuring geometrical quantities exported in SADC skyrocketed to X units, with an increase of X% against 2022. Over the period under review, exports, however, showed a abrupt decrease. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer exports contracted to $X in 2023. In general, exports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

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

South Africa was also the fastest-growing in terms of the electronic instruments and machines for measuring geometrical quantities exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest geometrical quantities electronic measurer supplier in SADC.

In South Africa, geometrical quantities electronic measurer exports declined by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price, however, posted a tangible expansion. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2021; however, from 2022 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.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports in SADC

In 2023, approx. X units of electronic instruments and machines for measuring geometrical quantities were imported in SADC; growing by X% against the previous year's figure. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, geometrical quantities electronic measurer imports stood at $X in 2023. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; afterwards, it flattened through to 2023.

Imports by Country

South Africa prevails in imports structure, recording X units, which was approx. X% of total imports in 2023. Angola (X units), Malawi (X units) and Namibia (X units) held a relatively small share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Malawi (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Malawi emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. By contrast, Angola (X%) illustrated a downward trend over the same period. While the share of Malawi (X p.p.) and South Africa (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of 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 ($X) constitutes the largest market for imported electronic instruments and machines for measuring geometrical quantities in SADC, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with a X% share of total imports. It was followed by Namibia, with a X% share.

In South Africa, geometrical quantities electronic measurer imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Namibia (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2023, waning by X% against the previous year. Overall, the import price recorded a abrupt curtailment. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2023, the import prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform