The forecasted import values of moulds for metals, plastic, and rubber to South Africa show a steady increase from 93.779 million USD in 2024 to 98.6 million USD in 2028. Based on the year-on-year variations, the growth rate has been consistent, with percentage increases of approximately 1.32% from 2024 to 2025, 1.28% from 2025 to 2026, 1.24% from 2026 to 2027, and 1.20% from 2027 to 2028. The compounded annual growth rate (CAGR) over these five years is estimated at around 1.26%.
Assuming the import value stood at approximately 92 million USD in 2023, the forecast implies a gradual but continuous upward trend in imports, driven possibly by increasing industrial demand and production capacities.
Future trends to watch for:
- Technological advancements in mould-making methods could impact import volumes.- Global supply chain disruptions or trade policies that might affect import dynamics.- Economic conditions and industrial growth in South Africa influencing demand for these moulds.- Potential shifts toward local production capabilities could alter import dependencies.
