The import value of moulds for glass to South Africa witnessed fluctuations over the past decade. Following a high of $7.17 million in 2014, imports saw a significant decline by 2016 ($3.7733 million). The period from 2018 to 2023 showed a recovery trend, with 2023 imports at $5.3245 million. Over the last two years (2021-2023), the year-on-year variations were 0.98% and 0.95%. The five-year compound annual growth rate (CAGR) for the period ending in 2023 was a marginal decline at -0.074%. Forecasts indicate a steady but modest growth, projecting a 0.76% CAGR over the 2024-2028 period.
Future trends to watch for include technological advancements in glass production, economic fluctuations influencing import capacity, and potential increase in local manufacturing capabilities, which may impact import volumes and values.
