South Africa: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in South Africa

The South African market for special-purpose electric lamps and lighting fittings expanded significantly to $X in 2023, increasing by X% against the previous year. Overall, consumption continues to indicate a prominent increase. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Special-Purpose Electric Lamps and Lighting Fittings in South Africa

In value terms, production of special-purpose electric lamps and lighting fittings soared to $X in 2023 estimated in export price. Overall, production showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production of growth remained at a lower figure.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from South Africa

In 2021, after two years of decline, there was growth in overseas shipments of special-purpose electric lamps and lighting fittings, when their volume increased by X% to X units. In general, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of special-purpose electric lamps and lighting fittings skyrocketed to $X in 2021. Over the period under review, exports, however, showed a slight reduction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Namibia (X units), Botswana (X units) and Zimbabwe (X units) were the main destinations of exports of special-purpose electric lamps and lighting fittings from South Africa, with a combined X% share of total exports. Swaziland, Zambia, Mozambique, Democratic Republic of the Congo, Lesotho, Malawi, Ghana, Angola, the UK and Nigeria lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for special-purpose electric lamp and lighting fitting exported from South Africa were Namibia ($X), Botswana ($X) and Zambia ($X), together accounting for X% of total exports. Swaziland, Mozambique, Democratic Republic of the Congo, Zimbabwe, Ghana, Lesotho, Malawi, the UK, Angola and Nigeria lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for special-purpose electric lamps and lighting fittings amounted to $X per unit, picking up by X% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Lesotho ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into South Africa

After two years of decline, supplies from abroad of special-purpose electric lamps and lighting fittings increased by X% to X units in 2021. The total import volume increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of special-purpose electric lamps and lighting fittings skyrocketed to $X in 2021. Over the period under review, imports, however, showed a mild setback. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of special-purpose electric lamp and lighting fitting to South Africa, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamps and lighting fittings to South Africa.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

The average import price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2021, picking up by X% against the previous year. Over the period under review, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform