South Africa: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in South Africa

In 2021, the South African market for residential, commercial and industrial lighting fixture was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by X% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from South Africa

In 2021, the amount of residential, commercial and industrial lighting fixture exported from South Africa fell slightly to X units, remaining constant against the previous year's figure. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports of attained the peak figure at X units in 2020, and then dropped modestly in the following year.

In value terms, exports of residential, commercial and industrial lighting fixture soared to $X in 2021. Over the period under review, exports recorded a deep setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X units), Lesotho (X units) and Zambia (X units) were the main destinations of exports of residential, commercial and industrial lighting fixture from South Africa, together accounting for X% of total exports. Namibia, Mozambique, the United States, Zimbabwe, Nigeria, Swaziland, Democratic Republic of the Congo, Tanzania and Rwanda lagged somewhat behind, together comprising a further X%. Moreover, exports of residential, commercial and industrial lighting fixture in Botswana exceeded the figures recorded by the second-largest exporter, Lesotho, twofold.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for residential, commercial and industrial lighting fixture exported from South Africa were Botswana ($X), the United States ($X) and Namibia ($X), together comprising X% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of 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

The average export price for residential, commercial and industrial lighting fixture stood at less than $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Rwanda ($X 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 Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into South Africa

In 2021, imports of residential, commercial and industrial lighting fixture into South Africa soared to X units, picking up by X% on 2020 figures. Overall, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of residential, commercial and industrial lighting fixture soared to $X in 2021. In general, imports, however, saw a perceptible downturn. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units) and Germany (X units) were the main suppliers of imports of residential, commercial and industrial lighting fixture to South Africa.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%).

In value terms, the largest residential, commercial and industrial lighting fixture suppliers to South Africa were China ($X) and Germany ($X). Moreover, imports of residential, commercial and industrial lighting fixture in China exceeded the figures recorded by the second-largest supplier, Germany, more than tenfold.

Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average import price for residential, commercial and industrial lighting fixture amounted to less than $X per unit, which is down by X% against the previous year. Overall, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 Germany ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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