Africa: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Africa

In 2021, after two years of decline, there was significant growth in the African conveyor or transmission belt market, when its value increased by 11% to $X. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Africa

In value terms, conveyor or transmission belt production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of 24% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports in Africa

In 2021, shipments abroad of conveyor or transmission belts or belting decreased by -11.2% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 28% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, conveyor or transmission belt exports expanded notably to $X in 2021. In general, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from South Africa (X tons), together reaching 97% of total export.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of conveyor or transmission belts or belting. While the share of South Africa (+2.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest conveyor or transmission belt supplier in Africa.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled -2.0%.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, increasing by 23% against the previous year. Overall, the export price, however, showed a noticeable reduction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -2.8% per year.

Imports of Conveyor Or Transmission Belts Or Belting

Imports in Africa

After two years of decline, supplies from abroad of conveyor or transmission belts or belting increased by 16% to X tons in 2021. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 28%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, conveyor or transmission belt imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa was the largest importer of conveyor or transmission belts or belting in Africa, with the volume of imports resulting at X tons, which was approx. 30% of total imports in 2021. Nigeria (X tons) took the second position in the ranking, followed by Algeria (X tons) and Ghana (X tons). All these countries together held near 20% share of total imports. Morocco (X tons), Zambia (X tons), Guinea (X tons), Tanzania (X tons), Mauritania (X tons), Democratic Republic of the Congo (X tons), Egypt (X tons), Kenya (X tons) and Tunisia (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Democratic Republic of the Congo (+16.0%), Guinea (+13.9%), Kenya (+9.3%), Mauritania (+7.1%), Tanzania (+6.8%), Ghana (+5.7%), Algeria (+5.4%), Zambia (+5.3%) and Nigeria (+3.1%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of +16.0% from 2012-2021. By contrast, Tunisia (-4.2%), Morocco (-4.4%) and Egypt (-13.9%) illustrated a downward trend over the same period. Guinea (+2.1 p.p.), Democratic Republic of the Congo (+2.1 p.p.), Algeria (+1.8 p.p.), South Africa (+1.8 p.p.) and Ghana (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Morocco and Egypt saw its share reduced by -3% and -9.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest conveyor or transmission belt importing markets in Africa were South Africa ($X), Algeria ($X) and Morocco ($X), with a combined 43% share of total imports. Egypt, Nigeria, Ghana, Tunisia, Zambia, Guinea, Democratic Republic of the Congo, Tanzania, Mauritania and Kenya lagged somewhat behind, together comprising a further 34%.

Guinea, with a CAGR of +10.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 ton in 2021, with an increase of 7% against the previous year. Overall, the import price, however, recorded a slight curtailment. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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