South Africa: Safety Valve Market 2024

Safety Valve Market Size in South Africa

The South African safety valve market stood at $X in 2023, almost unchanged from the previous year. Over the period under review, consumption, however, showed a slight reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Safety Valve Production in South Africa

In value terms, safety valve production declined to $X in 2023 estimated in export price. In general, production continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. Safety valve production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Safety Valve Exports

Exports from South Africa

After two years of growth, overseas shipments of safety or relief valves for pipes, boiler shells, tanks and vats decreased by X% to X tons in 2023. Over the period under review, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, safety valve exports contracted slightly to $X in 2023. In general, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Namibia (X tons), Botswana (X tons) and Zimbabwe (X tons) were the main destinations of safety valve exports from South Africa, with a combined X% share of total exports. Swaziland, Zambia, Mozambique, Lesotho, Democratic Republic of the Congo, Angola, Malawi, Nigeria and Finland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Angola (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for safety valve exported from South Africa were Zimbabwe ($X), Democratic Republic of the Congo ($X) and Mozambique ($X), with a combined X% share of total exports. Namibia, Zambia, Botswana, Angola, Swaziland, Lesotho, Malawi, Nigeria and Finland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Angola, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average safety valve export price stood at $X per ton in 2023, jumping by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Valve Imports

Imports into South Africa

In 2023, approx. X tons of safety or relief valves for pipes, boiler shells, tanks and vats were imported into South Africa; approximately reflecting 2022. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, safety valve imports expanded to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Thailand (X tons) and China (X tons) were the main suppliers of safety valve imports to South Africa, with a combined X% share of total imports. The Czech Republic, the United States, Italy, the UK, India, Poland, Finland, France and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of safety or relief valves for pipes, boiler shells, tanks and vats to South Africa, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the UK (X% per year).

Import Prices by Country

The average safety valve import price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform