Africa: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Africa

In 2020, the African market for instrument panel and wall clocks decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. Over the period under review, consumption, however, showed a slight setback. The growth pace was the most rapid in 2010 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Production of Instrument Panel And Wall Clocks in Africa

In value terms, instrument panel and wall clock production contracted markedly to $X in 2020 estimated in export prices. The total production indicated a mild increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% year-to-year. The level of production peaked at $X in 2017; however, from 2018 to 2020, production failed to regain the momentum.

Production By Country in Africa

The countries with the highest volumes of instrument panel and wall clock production in 2020 were Nigeria (X tons), Tunisia (X tons) and Ethiopia (X tons), with a combined X% share of total production. Egypt, Tanzania, South Africa, Uganda, Sudan, Algeria, Somalia, Mozambique, Niger and Cameroon lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of instrument panel and wall clock production, amongst the main producing countries, was attained by Somalia, while instrument panel and wall clock production for the other leaders experienced more modest paces of growth.

Exports of Instrument Panel And Wall Clocks

Exports in Africa

In 2020, shipments abroad of instrument panel and wall clocks decreased by -X% to X tons, falling for the third consecutive year after three years of growth. In general, exports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at X tons in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, instrument panel and wall clock exports fell rapidly to $X in 2020. Over the period under review, exports posted measured growth. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, Tunisia (X tons), South Africa (X tons), Nigeria (X tons) and Mozambique (X tons) was the major exporter of instrument panel and wall clocks in Africa, creating X% of total export. It was distantly followed by Egypt (X tons) and Mauritius (X tons), together comprising a X% share of total exports. Kenya (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Mauritius, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X) remains the largest instrument panel and wall clock supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

In Tunisia, instrument panel and wall clock exports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: South Africa (-X% per year) and Nigeria (-X% per year).

Export Prices by Country

The export price for instrument panel and wall clocks in Africa stood at $X per ton in 2020, reducing by -X% against the previous year. In general, the export price, however, showed pronounced growth. The most prominent rate of growth was recorded in 2008 when the export price increased by X% y-o-y. Over the period under review, export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Tunisia ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Africa, while the other leaders experienced mixed trends in the export price figures.

Imports of Instrument Panel And Wall Clocks

Imports in Africa

In 2020, purchases abroad of instrument panel and wall clocks increased by X% to X tons, rising for the fourth consecutive year after three years of decline. Total imports indicated a modest increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. The volume of import peaked at X tons in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, instrument panel and wall clock imports contracted notably to $X in 2020. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

Mayotte represented the major importer of instrument panel and wall clocks in Africa, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2020. Ghana (X tons) occupied the second position in the ranking, followed by Algeria (X tons), Nigeria (X tons) and Morocco (X tons). All these countries together occupied approx. X% share of total imports. Libya (X tons), Tanzania (X tons), Ethiopia (X tons) and Egypt (X tons) followed a long way behind the leaders.

Mayotte was also the fastest-growing in terms of the instrument panel and wall clocks imports, with a CAGR of +X% from 2007 to 2020. At the same time, Nigeria (+X%), Libya (+X%), Algeria (+X%) and Ghana (+X%) displayed positive paces of growth. Ethiopia experienced a relatively flat trend pattern. By contrast, Tanzania (-X%), Morocco (-X%) and Egypt (-X%) illustrated a downward trend over the same period. Mayotte (+X p.p.), Ghana (+X p.p.), Nigeria (+X p.p.), Algeria (+X p.p.) and Libya (+X p.p.) significantly strengthened its position in terms of the total imports, while Tanzania, Morocco and Egypt saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Morocco ($X) and Algeria ($X) appeared to be the countries with the highest levels of imports in 2020, with a combined X% share of total imports. These countries were followed by Ghana, Tanzania, Libya, Egypt, Ethiopia and Mayotte, which together accounted for a further X terms of the main importing countries, Mayotte 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

In 2020, the import price for instrument panel and wall clocks in Africa amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Tanzania ($X per ton), while Mayotte ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Tanzania, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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