Effect of cable imports on cables market growth
Growth is, however, stagnated by the rise in imports of electrical cables. China commands a staggering 25% of the total electric wire and cable imports into South Africa, followed by Zambia (13%) and Germany (10%). Telecommunication cables that are copper and fibre-based and low voltage, represent the largest value of imports, at 39% of the total electric wire and cables market in South Africa. The import of automotive cables and compounds into South Africa is also significant, valued at $27 M. Despite the increasing threat of imports to the local manufacturing industry, the potential to further tap into the export market is high.
- 81% of the local cable market is for low voltage cable.
- It is anticipated that there will be growth in the local cable market.
- It is probable that South African manufacturers will regain market share.
Cables market growth – expansion or erosion through imports?
By B Jaga, Frost & Sullivan
Electricity+Control, February 2013 (page 6)