Price for Floating or Submersible Drilling or Production Platforms in South Africa - 2022

Contents:

1. Price for Floating or Submersible Drilling or Production Platforms in South Africa (FOB) - 2022
2. Price for Floating or Submersible Drilling or Production Platforms in South Africa (CIF) - 2022
3. Exports of Floating or Submersible Drilling or Production Platforms in South Africa
4. Imports of Floating or Submersible Drilling or Production Platforms in South Africa

Price for Floating or Submersible Drilling or Production Platforms in South Africa (FOB) - 2022

In 2022, the average export price for floating or submersible drilling or production platformses amounted to $7,711,458 per unit, with an increase of 592,151% against the previous year. Overall, the export price recorded significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($37,608,781 per unit), while the average price for exports to Swaziland ($11,038 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+1,108.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Floating or Submersible Drilling or Production Platforms in South Africa (CIF) - 2022

In 2022, the average import price for floating or submersible drilling or production platformses amounted to $46 per unit, which is down by -76.9% against the previous year. Over the period under review, the import price showed a drastic downturn. The growth pace was the most rapid in 2014 when the average import price increased by 16,885% against the previous year. As a result, import price reached the peak level of $315 per unit. From 2015 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Lesotho.

From 2012 to 2022, the rate of growth in terms of prices for Lesotho amounted to +46.6% per year.

Exports of Floating or Submersible Drilling or Production Platforms in South Africa

After two years of decline, overseas shipments of floating or submersible drilling or production platformses decreased by -70.6% to 5 units in 2022. In general, exports faced a significant decrease. Over the period under review, the exports of hit record highs at 17 units in 2021, and then shrank notably in the following year.

In value terms, exports of floating or submersible drilling or production platformses surged to $39M in 2022. Over the period under review, exports, however, posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Floating or Submersible Drilling or Production Platforms from South Africa in 2022:

1. Swaziland (2.0 units)
2. India (1.0 units)
3. Madagascar (1.0 units)
4. Norway (1.0 units)

Imports of Floating or Submersible Drilling or Production Platforms in South Africa

In 2022, overseas purchases of floating or submersible drilling or production platformses decreased by -97.9% to 12 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 1,041%. As a result, imports attained the peak of 582 units, and then dropped rapidly in the following year.

In value terms, imports of floating or submersible drilling or production platformses fell dramatically to $550 in 2022. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 1,749% against the previous year. As a result, imports attained the peak of $116K, and then contracted rapidly in the following year.

Top Suppliers of Floating or Submersible Drilling or Production Platforms to South Africa in 2022:

1. Lesotho (12.0 units)

Source: IndexBox Market Intelligence Platform