Price for Vehicles; Mobile Drilling Derricks in South Africa - 2023
Contents:
- Price for Vehicles; Mobile Drilling Derricks in South Africa (FOB) - 2022
- Price for Vehicles; Mobile Drilling Derricks in South Africa (CIF) - 2022
- Exports of Vehicles; Mobile Drilling Derricks in South Africa
- Imports of Vehicles; Mobile Drilling Derricks in South Africa
Price for Vehicles; Mobile Drilling Derricks in South Africa (FOB) - 2022
The average vehicles; mobile drilling derricks export price stood at $107,326 per unit in 2022, with an increase of 79% against the previous year. Overall, the export price, however, recorded a abrupt downturn. Over the period under review, the average export prices reached the maximum at $274,073 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($334,677 per unit), while the average price for exports to Namibia ($60 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 Swaziland (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vehicles; Mobile Drilling Derricks in South Africa (CIF) - 2022
In 2022, the average vehicles; mobile drilling derricks import price amounted to $40,200 per unit, declining by -46.6% against the previous year. Overall, the import price recorded a drastic downturn. The growth pace was the most rapid in 2017 when the average import price increased by 91%. The import price peaked at $132,153 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($63,465 per unit), while the price for the United States ($347 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.1%), while the prices for the other major suppliers experienced a decline.
Exports of Vehicles; Mobile Drilling Derricks in South Africa
In 2022, overseas shipments of vehicles; mobile drilling derrickses decreased by -60% to 34 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 265%. Over the period under review, the exports hit record highs at 85 units in 2021, and then contracted dramatically in the following year.
In value terms, vehicles; mobile drilling derricks exports contracted remarkably to $3.6M in 2022. Overall, total exports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, the exports reached the peak of $5.1M, and then reduced rapidly in the following year.
| Export of Vehicles; Mobile Drilling Derricks in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lesotho | 132 | N/A | 165 | 1,037 | 98.8% |
| Zimbabwe | 869 | 1,922 | 885 | 823 | -1.8% |
| Botswana | 183 | 46.5 | 611 | 350 | 24.1% |
| Bahrain | N/A | N/A | N/A | 335 | 0% |
| Democratic Republic of the Congo | 108 | N/A | 891 | 253 | 32.8% |
| Swaziland | N/A | 81.2 | N/A | 205 | 58.9% |
| Chad | N/A | N/A | N/A | 157 | 0% |
| Malawi | 58.8 | N/A | N/A | 88.7 | 14.7% |
| Mozambique | N/A | 49.6 | 153 | 86.1 | 31.8% |
| Namibia | 145 | 675 | 1,384 | 0.1 | -91.2% |
| Sweden | N/A | 3.7 | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | 138 | N/A | 0% |
| Australia | N/A | N/A | 18.4 | N/A | 0% |
| Others | 1,693 | 194 | 839 | 314 | -43.0% |
| Total | 3,191 | 2,972 | 5,084 | 3,649 | 4.6% |
Top Export Markets for Vehicles; Mobile Drilling Derricks from South Africa in 2022:
- Lesotho (12.0 units)
- Zimbabwe (8.0 units)
- Botswana (4.0 units)
- Democratic Republic of the Congo (2.0 units)
- Mozambique (2.0 units)
- Bahrain (1.0 units)
- Chad (1.0 units)
- Malawi (1.0 units)
- Namibia (1.0 units)
- Swaziland (1.0 units)
Imports of Vehicles; Mobile Drilling Derricks in South Africa
After three years of growth, overseas purchases of vehicles; mobile drilling derrickses decreased by -55.6% to 4 units in 2022. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. Imports peaked at 9 units in 2021, and then shrank remarkably in the following year.
In value terms, vehicles; mobile drilling derricks imports declined notably to $161K in 2022. Overall, imports faced a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 3.1% against the previous year. Over the period under review, imports reached the maximum at $793K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Vehicles; Mobile Drilling Derricks in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | 156 | 127 | -18.6% |
| Botswana | N/A | 123 | 96.6 | 33.5 | -47.8% |
| United States | 110 | 1.4 | N/A | 0.3 | -86.0% |
| China | N/A | N/A | N/A | N/A | 0% |
| Italy | N/A | 440 | 237 | N/A | -46.1% |
| Australia | N/A | N/A | 130 | N/A | 0% |
| Saudi Arabia | 683 | N/A | N/A | N/A | 0% |
| Others | N/A | 92.1 | 57.5 | N/A | -37.6% |
| Total | 793 | 657 | 677 | 161 | -41.2% |
Top Suppliers of Vehicles; Mobile Drilling Derricks to South Africa in 2022:
- India (2.0 units)
- United States (1.0 units)
- Botswana (1.0 units)
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