Africa: Accumulator Market 2024

Accumulator Market Size in Africa

For the fifth consecutive year, the African accumulator market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2013 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Accumulator Production in Africa

In value terms, accumulator production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Accumulator Exports

Exports in Africa

In 2022, approx. X units of electric accumulators were exported in Africa; picking up by X% against the year before. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, accumulator exports skyrocketed to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

In 2022, South Africa (X units) was the largest exporter of electric accumulators, making up X% of total exports. It was distantly followed by Kenya (X units), Tunisia (X units), Egypt (X units) and Morocco (X units), together creating a X% share of total exports. The following exporters - Nigeria (X units) and Togo (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to accumulator exports from South Africa stood at X%. At the same time, Togo (X%), Nigeria (X%), Egypt (X%), Morocco (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Tunisia (X%) illustrated a downward trend over the same period. Egypt (X p.p.), Morocco (X p.p.), Nigeria (X p.p.), Kenya (X p.p.) and Togo (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa and Tunisia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest accumulator supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by Kenya, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Kenya (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Accumulator Imports

Imports in Africa

In 2022, after two years of decline, there was significant growth in overseas purchases of electric accumulators, when their volume increased by X% to X units. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, accumulator imports skyrocketed to $X in 2022. Overall, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mozambique dominates imports structure, finishing at X units, which was near X% of total imports in 2022. South Africa (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to accumulator imports into Mozambique stood at X%. At the same time, South Africa (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. While the share of Mozambique (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported electric accumulators in Africa, comprising X% of total imports. The second position in the ranking was taken by Mozambique ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, waning by X% against the previous year. In general, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per unit), while Mozambique stood at less than $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Source: IndexBox Platform

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