Updated Jan 12, 2023 03:11

Market for Ceramic Wares For Laboratory Or Technical Uses in South Africa

Market Overview
In , the South African market for ceramic wares for laboratory or technical uses increased by % to $, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a mild setback. Consumption of peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.

In value terms, production of ceramic wares for laboratory or technical uses surged to $ in estimated in export price. In general, production, however, showed a abrupt decline. Over the period under review, production of attained the peak level at $ in ; however, from to , production failed to regain momentum.


Consumption
In , consumption of ceramic wares for laboratory or technical uses increased by % to tons, rising for the second consecutive year after two years of decline. In general, consumption showed a slight expansion. Over the period under review, consumption of hit record highs at tons in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.

The size of the market for ceramic wares for laboratory or technical uses in South Africa was estimated at $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a mild decrease. Consumption of peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.


Market Forecast
The market for ceramic wares for laboratory or technical uses is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Driven by a growing demand, the share of imports in total supply in South Africa increased significantly over the last fifteen-year period (from % to %). Ceramic wares for laboratory or technical uses market in South Africa consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
South Africa remains a net importer of ceramic wares for laboratory or technical uses; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.