Price for Navigational Instruments and Appliances; Parts and Accessories in South Africa - 2024
Contents:
- Price for Navigational Instruments and Appliances; Parts and Accessories in South Africa (CIF) - 2022
- Price for Navigational Instruments and Appliances; Parts and Accessories in South Africa (FOB) - 2022
- Imports of Navigational Instruments and Appliances; Parts and Accessories in South Africa
- Exports of Navigational Instruments and Appliances; Parts and Accessories in South Africa
Price for Navigational Instruments and Appliances; Parts and Accessories in South Africa (CIF) - 2022
The average import price for navigational instruments and appliances; parts and accessorieses stood at $618,329 per ton in 2022, shrinking by -3.6% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for navigational instruments and appliances; parts and accessorieses increased by +42.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 64%. As a result, import price attained the peak level of $692,305 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,301,058 per ton), while the price for Mexico ($85,908 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Navigational Instruments and Appliances; Parts and Accessories in South Africa (FOB) - 2022
In 2022, the average export price for navigational instruments and appliances; parts and accessorieses amounted to $972,524 per ton, waning by -17.3% against the previous year. Overall, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 103% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,807,336 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($7,359,494 per ton), while the average price for exports to Australia ($32,071 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Navigational Instruments and Appliances; Parts and Accessories in South Africa
In 2022, approx. 13 tons of navigational instruments and appliances; parts and accessorieses were imported into South Africa; rising by 31% on 2021 figures. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of navigational instruments and appliances; parts and accessorieses soared to $7.9M in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 39%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Navigational Instruments and Appliances; Parts and Accessories in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,586 | 1,243 | 3,935 | 5,626 | 52.5% |
| Norway | 24.5 | 143 | 126 | 377 | 148.7% |
| Japan | 356 | 315 | 421 | 364 | 0.7% |
| Germany | 358 | 334 | 424 | 346 | -1.1% |
| Hungary | 15.4 | 150 | 307 | 247 | 152.2% |
| Canada | 133 | 466 | 192 | 243 | 22.3% |
| Netherlands | 116 | 291 | 119 | 142 | 7.0% |
| Mexico | 33.9 | 30.9 | 72.1 | 137 | 59.3% |
| United Kingdom | 10.3 | 104 | 19.2 | 124 | 129.2% |
| Taiwan (Chinese) | 103 | 154 | 128 | 48.4 | -22.3% |
| China | 95.4 | 40.1 | 74.4 | 42.4 | -23.7% |
| France | 560 | 333 | 116 | 18.0 | -68.2% |
| South Korea | 19.4 | 96.1 | 2.5 | 9.9 | -20.1% |
| Others | 239 | 1,366 | 328 | 217 | -3.2% |
| Total | 3,649 | 5,066 | 6,264 | 7,943 | 29.6% |
Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to South Africa in 2022:
- United States (4324.0 kg)
- Mexico (1595.0 kg)
- Canada (1346.0 kg)
- Japan (991.0 kg)
- Norway (883.0 kg)
- Hungary (848.0 kg)
- Netherlands (796.0 kg)
- China (451.0 kg)
- Germany (434.0 kg)
- United Kingdom (370.0 kg)
- Taiwan (Chinese) (87.0 kg)
- South Korea (47.0 kg)
- France (31.0 kg)
Exports of Navigational Instruments and Appliances; Parts and Accessories in South Africa
Exports of navigational instruments and appliances; parts and accessorieses from South Africa rose to 6.4 tons in 2022, increasing by 4.2% against the previous year's figure. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 86%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of navigational instruments and appliances; parts and accessorieses reduced to $6.3M in 2022. Overall, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of $7.3M, and then dropped in the following year.
| Export of Navigational Instruments and Appliances; Parts and Accessories in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 847 | 3,403 | 1,472 | 3,930 | 66.8% |
| Germany | 2,230 | 974 | 1,179 | 1,000 | -23.5% |
| United States | 2,423 | 1,257 | 604 | 479 | -41.7% |
| Angola | 11.2 | 66.4 | 78.0 | 126 | 124.1% |
| Namibia | 14.2 | 51.2 | 137 | 110 | 97.9% |
| Mozambique | 420 | 2.9 | 9.6 | 55.3 | -49.1% |
| Zimbabwe | 2.1 | 12.2 | 7.6 | 48.1 | 184.0% |
| Australia | N/A | 0.4 | N/A | 25.0 | 690.6% |
| Belgium | 203 | N/A | 1,484 | 2.8 | -76.0% |
| Spain | 0.1 | N/A | 11.5 | 0.2 | 26.0% |
| Guinea | 7.5 | N/A | N/A | N/A | 0% |
| Estonia | N/A | N/A | 2,003 | N/A | 0% |
| Others | 617 | 237 | 268 | 479 | -8.1% |
| Total | 6,775 | 6,004 | 7,254 | 6,255 | -2.6% |
Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from South Africa in 2022:
- Namibia (1643.0 kg)
- Australia (779.0 kg)
- Zimbabwe (748.0 kg)
- United Kingdom (534.0 kg)
- Angola (339.0 kg)
- Germany (338.0 kg)
- Mozambique (319.0 kg)
- United States (213.0 kg)
- Spain (10.0 kg)
- Belgium (2.0 kg)
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