Safes And Strongboxes Market Overview in South Africa
In value terms, safes and strongboxes production fell to $ in estimated in export prices. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2009 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2012; however, from 2013 to , production failed to regain the momentum.
The revenue of the safes and strongboxes market in South Africa dropped to $ in , leveling off at 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 recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of % year-to-year. Safes and strongboxes consumption peaked at $ in 2012; however, from 2013 to , consumption remained at a lower figure.