South Africa - Multimeters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSouth Africa Sees 7% Decline in Multimeter Imports, Valued at $3.6 Million in 2023
South Africa Multimeter Imports
In 2023, after two years of growth, there was significant decline in overseas purchases of multimeters, when their volume decreased by -26.6% to 181K units. In general, imports saw a noticeable decline. The pace of growth appeared the most rapid in 2016 with an increase of 41% against the previous year. Over the period under review, imports reached the maximum at 289K units in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.
In value terms, multimeter imports shrank to $3.6M (IndexBox estimates) in 2023. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Imports peaked at $6.1M in 2013; however, from 2014 to 2023, imports remained at a lower figure.
| COUNTRY | Import Value of Multimeter in South Africa (thousand USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 1,349 | 917 | 1,376 | 1,045 | 1,022 | 1,040 | 1,232 | 800 | 1,027 | 1,183 | 1,033 |
| Taiwan (Chinese) | 1,220 | 1,198 | 1,138 | 791 | 844 | 1,099 | 876 | 358 | 725 | 670 | 488 |
| Italy | 502 | 358 | 327 | 230 | 379 | 309 | 285 | 318 | 237 | 431 | 482 |
| Austria | 2.3 | 3.2 | 2.8 | 30.1 | 296 | 180 | 253 | 289 | 338 | 751 | 395 |
| United States | 1,227 | 676 | 179 | 118 | 132 | 267 | 186 | 152 | 453 | 142 | 377 |
| France | 102 | 57.9 | 159 | 138 | 376 | 31.8 | 34.8 | 175 | 180 | 94.2 | 183 |
| Hong Kong | 95.8 | 120 | 62.2 | 56.2 | 146 | 131 | 45.2 | 3.0 | 48.3 | 60.5 | 176 |
| Germany | 579 | 317 | 94.5 | 226 | 264 | 287 | 183 | 150 | 117 | 123 | 133 |
| Hungary | 199 | 82.5 | 231 | 509 | 537 | 669 | 199 | 114 | 73.2 | 30.8 | 21.9 |
| Others | 855 | 620 | 770 | 870 | 457 | 751 | 364 | 257 | 345 | 365 | 307 |
| Total | 6,131 | 4,348 | 4,339 | 4,013 | 4,454 | 4,765 | 3,658 | 2,616 | 3,543 | 3,849 | 3,596 |
Imports by Country
In 2023, China (127K units) constituted the largest multimeter supplier to South Africa, accounting for a 70% share of total imports. Moreover, multimeter imports from China exceeded the figures recorded by the second-largest supplier, France (19K units), sevenfold. The third position in this ranking was held by Hong Kong (13K units), with a 7.3% share.
From 2013 to 2023, the average annual growth rate of volume from China stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+12.7% per year) and Hong Kong (-0.5% per year).
In value terms, China ($1M) constituted the largest supplier of multimeters to South Africa, comprising 29% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($488K), with a 14% share of total imports. It was followed by Italy, with a 13% share.
From 2013 to 2023, the average annual rate of growth in terms of value from China amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-8.8% per year) and Italy (-0.4% per year).
Import Prices by Country
In 2023, the multimeter price stood at $20 per unit (CIF, South Africa), jumping by 27% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $28 per unit in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($133 per unit), while the price for China ($8.1 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the multimeter market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26514310 - Multimeters
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
