The aerospace industry imports in South Africa have shown significant fluctuations over the past decade. Starting with a notable dip in 2013, the sector saw robust recovery and growth until 2016 but experienced a setback in 2017 and 2018. Imports dipped again in 2020 due to external factors, likely global disruptions, before beginning a recovery in 2021. The sector maintained strong growth from 2022 to 2023, with imports standing at 1190 million USD in 2023, experiencing a 15.73% year-on-year growth.
From 2024 onwards, forecasts suggest a steady increase in imports with a 5-year CAGR of 1.6%. By 2028, the imports are projected to grow by 8.27% compared to 2024 levels.
Future trends to watch for include the impact of global supply chain adjustments, technological advancements in aerospace, and policy changes that may affect trade and import regulations. The industry may also benefit from increased global travel and investment in aviation infrastructure, potentially influencing import values post-2028.
