Africa: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Africa

The African wood bending machine market rose sharply to $X in 2021, with an increase of 5.5% against the previous year. Overall, consumption saw pronounced growth. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in years to come.

Wood Bending Machine Production in Africa

In value terms, wood bending machine production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 4.5% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted slightly in the following year.

Wood Bending Machine Exports

Exports in Africa

In 2021, shipments abroad of bending or assembling machines decreased by -14% to X units, falling for the fifth year in a row after two years of growth. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 9,805% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood bending machine exports soared to $X in 2021. Over the period under review, exports showed a slight decline. The most prominent rate of growth was recorded in 2015 when exports increased by 110% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, South Africa (X units) was the largest exporter of bending or assembling machines, mixing up 53% of total exports. Tanzania (X units) took the second position in the ranking, followed by Tunisia (X units) and Morocco (X units). All these countries together held near 30% share of total exports. The following exporters - Burundi (X units), Mozambique (X units) and Egypt (X units) - each amounted to an 11% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wood bending machine exports from South Africa stood at +3.4%. At the same time, Tanzania (+31.8%) and Mozambique (+13.0%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in Africa, with a CAGR of +31.8% from 2012-2021. Burundi experienced a relatively flat trend pattern. By contrast, Morocco (-2.0%), Tunisia (-8.1%) and Egypt (-12.5%) illustrated a downward trend over the same period. South Africa (+41 p.p.), Tanzania (+15 p.p.), Morocco (+4 p.p.), Burundi (+3.8 p.p.), Mozambique (+3.4 p.p.) and Tunisia (+3 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest wood bending machine supplier in Africa, comprising 90% of total exports. The second position in the ranking was taken by Morocco ($X), with a 3% share of total exports. It was followed by Tunisia, with a 2.7% share.

In South Africa, wood bending machine exports expanded at an average annual rate of +5.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (-5.6% per year) and Tunisia (-13.3% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2021, increasing by 122% against the previous year. In general, the export price saw resilient growth. The pace of growth appeared the most rapid in 2014 an increase of 6,156%. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+2.1%), while the other leaders experienced a decline in the export price figures.

Wood Bending Machine Imports

Imports in Africa

In 2021, wood bending machine imports in Africa soared to X units, rising by 43% compared with 2020. Overall, imports posted slight growth. The most prominent rate of growth was recorded in 2016 when imports increased by 820% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, wood bending machine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 30%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Algeria was the main importer of bending or assembling machines in Africa, with the volume of imports finishing at X units, which was near 37% of total imports in 2021. It was distantly followed by South Africa (X units), Morocco (X units), Congo (X units) and Tunisia (X units), together committing a 42% share of total imports. Central African Republic (X units), Senegal (X units), Nigeria (X units), Mauritius (X units) and Libya (X units) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to wood bending machine imports into Algeria stood at +21.8%. At the same time, Morocco (+43.2%), Nigeria (+33.9%), Senegal (+30.7%), Congo (+26.6%), Mauritius (+25.4%) and Tunisia (+18.4%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of +43.2% from 2012-2021. Central African Republic experienced a relatively flat trend pattern. By contrast, South Africa (-10.3%) and Libya (-20.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Algeria, Morocco, Congo, Tunisia, Central African Republic, Senegal, Nigeria and Mauritius increased by +30, +8.9, +6.2, +5.2, +2.8, +2.1, +2 and +1.5 percentage points, respectively.

In value terms, Morocco ($X), Algeria ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2021, with a combined 57% share of total imports.

In terms of the main importing countries, Nigeria, with a CAGR of +49.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per unit in 2021, waning by -12.1% against the previous year. In general, the import price, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2017 when the import price increased by 603%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Congo ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+10.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :