Price for Shavers; with Self-Contained Electric Motor in South Africa - 2023

Contents:

1. Price for Shavers; with Self-Contained Electric Motor in South Africa (CIF) - 2023
2. Price for Shavers; with Self-Contained Electric Motor in South Africa (FOB) - 2022
3. Imports of Shavers; with Self-Contained Electric Motor in South Africa
4. Exports of Shavers; with Self-Contained Electric Motor in South Africa

Price for Shavers; with Self-Contained Electric Motor in South Africa (CIF) - 2023

In July 2023, the average import price for shavers; with self-contained electric motors amounted to $6.2 per unit, stabilizing at the previous month. Over the period under review, the import price, however, saw a noticeable contraction. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 51% month-to-month. The import price peaked at $12.0 per unit in September 2022; however, from October 2022 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($10.3 per unit), while the price for Indonesia ($5.2 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced a decline.

Price for Shavers; with Self-Contained Electric Motor in South Africa (FOB) - 2022

The average export price for shavers; with self-contained electric motors stood at $10 per unit in 2022, rising by 36% against the previous year. In general, the export price, however, saw a deep slump. The growth pace was the most rapid in 2018 when the average export price increased by 334%. The export price peaked at $37 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($40 per unit), while the average price for exports to Lesotho ($9.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+0.8%), while the prices for the other major destinations experienced a decline.

Imports of Shavers; with Self-Contained Electric Motor in South Africa

For the fourth consecutive year, South Africa recorded growth in supplies from abroad of shavers; with self-contained electric motors, which increased by 77% to 443K units in 2022. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 129% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, shavers; with self-contained electric motor imports skyrocketed to $3.1M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Shavers; with Self-Contained Electric Motor to South Africa in 2022:

1. China (340.8K units)
2. Indonesia (78.8K units)
3. Netherlands (7.6K units)

Exports of Shavers; with Self-Contained Electric Motor in South Africa

In 2022, overseas shipments of shavers; with self-contained electric motors decreased by -43% to 21K units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 545%. As a result, the exports attained the peak of 49K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, shavers; with self-contained electric motor exports dropped dramatically to $220K in 2022. Overall, exports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 131%. As a result, the exports reached the peak of $569K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Shavers; with Self-Contained Electric Motor from South Africa in 2022:

1. Namibia (11.4K units)
2. Lesotho (1.9K units)
3. Swaziland (1.9K units)
4. Botswana (1.3K units)
5. Zimbabwe (0.1K units)

Source: IndexBox Market Intelligence Platform