The South African
lifting equipment market fell to X dollars in 2021, down -X% year-on-year. From 2012 to 2021, market capitalization has grown at an average annual rate of +X%; however, the trend pattern indicates that some notable fluctuations were recorded throughout the analysis period. As a result, spending reached the highest level of X dollars. From 2019 to 2021, the market growth rate will remain at a low level.
In value terms, hoisting equipment production is estimated to contract to $X at export prices in 2021. During the period under review, production showed a relatively stable trend pattern. The fastest growth in 2018, with an X% year-on-year increase in production. As a result, production reached a peak level of X dollars. From 2019 to 2021, production growth will remain at a low level.
South African lifting equipment market export scale
In 2021, after a two-year decline, overseas shipments of lifting equipment saw a significant increase, with shipments increasing by X% to X units. Overall, however, exports faced a sharp decline. 2014 saw the fastest growth, with exports increasing by X% over the previous year. Exports peaked at X units in 2012; however, from 2013 to 2021, exports were at lower levels.
Lifting equipment exports soar to $X in 2021 by value. But overall, exports have suffered a severe decline. The fastest growth was recorded in 2018, with exports increasing by X%. Exports peaked at $X in 2014; however, from 2015 to 2021, exports failed to regain momentum.
Namibia (X units) is the leading destination for South African hoisting equipment exports, accounting for X% of total exports. In addition, exports of lifting equipment to Namibia were three times higher than exports to Spain (X units), the second largest destination. In third place is Mozambique (X units) with an X% share.
From 2012 to 2021, the average annual growth rate of cargo traffic to Namibia is +X%. Exports to other major destinations recorded the following average annual export growth rates: Spain (+X% per annum) and Mozambique (+X% per annum).
Chile ($X), Zimbabwe ($X) and Mozambique ($X) appear to be the world’s largest markets for lifting equipment exports from South Africa in value terms, accounting for X% of total exports. Singapore, Namibia, Lesotho, Zambia, Swaziland, Spain, Angola and Germany were slightly behind, taking the X position together, with a CAGR of +X% and the highest growth rate in export value, mainly during the reporting period, Freight volumes in destination countries grew more slowly.
Import scale of lifting equipment in South Africa
In 2021,
South Africa’s hoisting equipment imports decreased slightly to X units, a decrease of -X% compared to the previous year. Imports continued to decrease significantly during the period under review. Growth appears to be the fastest in 2020, when imports rose by X%. During the period under review, imports reached an all-time high of X units in 2012; however, from 2013 to 2021, imports decreased slightly.
Lifting equipment imports shrink to $X in 2021 in value terms. Overall, imports continue to show a deep contraction. The most significant growth rate occurred in 2017, when imports increased by X% over the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, import volumes have remained low.
In 2021,
Malaysia (X units) is the largest lifting equipment supplier in South Africa, accounting for X% of total imports. In addition, imports of lifting equipment from Malaysia were five times higher than the number recorded by the second largest supplier, Switzerland (X units). In third place is China (X units) with an X% share.
From 2012 to 2021, the average annual growth rate from Malaysia is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Switzerland (-X% per annum) and China (X% per annum).
Malaysia ($X) is the largest lifting equipment supplier to South Africa by value, representing X% of total imports. In second place is Germany ($X) with X% of total imports. It is followed by Belgium with an X% share.
From 2012 to 2021, the average annual value growth rate in Malaysia is relatively modest. The average annual growth rates of imports for the remaining supplier countries are as follows: Germany (-X% per annum) and Belgium (-X% per annum).
Statistics of various crane suppliers in South Africa
Malaysia is South Africa’s largest lifting equipment supplier by value, accounting for 46% of total imports. In second place is Germany, which accounts for 9.5% of total imports. It is followed by Belgium with a share of 3.9%.
In value terms, Chile, Zimbabwe and Mozambique appear to be the world’s largest markets for lifting equipment exports from South Africa, accounting for 53% of total exports. Singapore, Namibia, Lesotho, Zambia, Swaziland, Spain, Angola and Germany were slightly behind, with a combined share of 31%.
The average export price of hoisting equipment in 2021 is US$4,504/unit, a year-on-year decrease of -22%.
The average import price of hoisting equipment in 2021 is $23,838 per unit, down -5.9% from the previous year.
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Analysis of the lifting equipment market in South Africa in 2022