Africa: Electric Racing Set Market 2020

Electric Racing Set Market Size in Africa

The revenue of the electric racing set market in Africa amounted to $X in 2017, growing by X% against the previous year. The electric racing set consumption continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2008, with an increase of X% against the previous year. The level of electric racing set consumption peaked in 2017, and is expected to retain its growth in the immediate term.

Electric Racing Set Production in Africa

In 2017, the amount of electric car racing sets produced in Africa totaled X units, jumping by X% against the previous year. The total output indicated a prominent growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electric racing set production increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2015, with an increase of X% against the previous year. The volume of electric racing set production peaked in 2017, and is expected to retain its growth in the near future.

Electric Racing Set Exports in Africa

In 2017, the amount of electric car racing sets exported in Africa amounted to X units, coming up by X% against the previous year. The electric racing set exports continue to indicate a moderate growth. The most prominent rate of growth was recorded in 2010, when exports increased by X% y-o-y. The volume of exports peaked of X units in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, electric racing set exports amounted to $X in 2017. The electric racing set exports continue to indicate a strong increase. The level of exports peaked in 2017, and are expected to retain its growth in the near future.

Electric Racing Set Exports by Country in Africa

South Africa represented the major exporter of electric car racing sets in Africa, with the volume of exports accounting for X units, which was approx. X% of total exports in 2017. Kenya (X units) ranks second in terms of the global exports with a X% share, followed by Guinea (X%). Botswana (X units) took the mild share of total exports.

From 2007 to 2017, average annual rates of growth with regard to electric racing set exports from South Africa stood at +X%. At the same time, Kenya (+X%), Guinea (+X%) and Botswana (+X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest growing exporter in Africa, with a CAGR of +X% from 2007-2017. From 2007 to 2017, the share of Guinea, Kenya and South Africa decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Kenya ($X) and Guinea ($X) constituted the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Kenya (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Electric Racing Set Export Prices by Country in Africa

The electric racing set export price in Africa stood at $X per unit in 2017, remaining constant against the previous year. The electric racing set export price continues to indicate a remarkable growth. The most prominent rate of growth was recorded in 2008, an increase of X% against the previous year. The level of export price peaked of $X per unit in 2016, leveling off in the following year.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Guinea ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Botswana (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Electric Racing Set Imports in Africa

In 2017, electric racing set imports in Africa totaled X units, growing by X% against the previous year. The total imports indicated a noticeable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electric racing set imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2012, when it surged by X% against the previous year. In that year, the electric racing set imports reached their peak volume of X units. From 2013 to 2017, growth of the electric racing set imports stood at a somewhat lower level.

In value terms, electric racing set imports totaled $X in 2017. The electric racing set imports continue to indicate a slight downturn. Over the period under review, the electric racing set imports reached its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Electric Racing Set Imports by Country in Africa

South Africa dominates electric racing set imports structure, accounting for X units, which was approx. X% of total imports in 2017. Algeria (X units) held a X% share (based on tons) of total imports, which put it in second place, followed by Kenya (X%). Mauritius (X units), Tunisia (X units) and Ethiopia (X units) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of +X% from 2007 to 2017. At the same time, Algeria (+X%), Ethiopia (+X%) and Kenya (+X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest growing importer in Africa, with a CAGR of +X% from 2007-2017. Mauritius experienced a relatively flat trend pattern. By contrast, Tunisia (-X%) illustrated a downward trend over the same period. Kenya (-X%), Algeria (-X%) and South Africa (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported electric car racing sets in Africa, making up X% of global imports. The second position in the ranking was occupied by Algeria ($X), with a X% share of global imports. It was followed by Kenya, with a X% share.

In South Africa, electric racing set imports contracted by an average annual rate of -X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (+X% per year) and Kenya (-X% per year).

Electric Racing Set Import Prices by Country in Africa

In 2017, the electric racing set import price in Africa amounted to $X per thousand units, falling by -X% against the previous year. The electric racing set import price continues to indicate an abrupt slump. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. In that year, the import prices for electric car racing sets reached their peak level of $X per unit. From 2009 to 2017, growth of the import prices for electric car racing sets stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Ethiopia ($X per thousand units), while Tunisia ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Ethiopia (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform