Africa: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Africa

The African market for forage harvesters and other harvesting machines declined modestly to $X in 2021, reducing by -3% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Forage Harvesters and Other Harvesting Machines in Africa

In value terms, production of forage harvesters and other harvesting machines fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 25%. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Forage Harvesters and Other Harvesting Machines

Exports in Africa

Exports of forage harvesters and other harvesting machines surged to X units in 2021, rising by 29% on the year before. Overall, exports, however, recorded a drastic downturn. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of forage harvesters and other harvesting machines soared to $X in 2021. Over the period under review, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 41%. Over the period under review, the exports of 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) represented the key exporter of forage harvesters and other harvesting machines, making up 72% of total exports. Ghana (X units) took the second position in the ranking, followed by Zambia (X units). All these countries together held near 17% share of total exports. The following exporters - Swaziland (X units), Morocco (X units) and Mozambique (X units) - together made up 6.4% of total exports.

From 2012 to 2021, average annual rates of growth with regard to forage harvesters and other harvesting machines exports from South Africa stood at -13.9%. At the same time, Ghana (+17.7%), Zambia (+16.7%) and Mozambique (+14.9%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Africa, with a CAGR of +17.7% from 2012-2021. By contrast, Swaziland (-11.5%) and Morocco (-14.3%) illustrated a downward trend over the same period. While the share of Ghana (+9.6 p.p.), Zambia (+5.9 p.p.) and Mozambique (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Africa (-16.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest forage harvesters and other harvesting machines supplier in Africa, comprising 83% of total exports. The second position in the ranking was held by Zambia ($X), with a 5.9% share of total exports. It was followed by Mozambique, with a 3.6% share.

In South Africa, exports of forage harvesters and other harvesting machines plunged by an average annual rate of -7.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Zambia (+27.2% per year) and Mozambique (+53.5% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per unit, increasing by 6.9% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for forage harvesters and other harvesting machines decreased by -2.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 51%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Swaziland (+19.2%), while the other leaders experienced more modest paces of growth.

Imports of Forage Harvesters and Other Harvesting Machines

Imports in Africa

For the fourth consecutive year, Africa recorded growth in overseas purchases of forage harvesters and other harvesting machines, which increased by 9.8% to X units in 2021. Total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 26%. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, imports of forage harvesters and other harvesting machines surged to $X in 2021. Total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.1% against 2016 indices. The pace of growth was the most pronounced in 2019 when imports increased by 21%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Africa (X units) and Nigeria (X units) were the main importers of forage harvesters and other harvesting machines in Africa, together mixing up 49% of total imports. It was distantly followed by Morocco (X units), committing a 9% share of total imports. Zimbabwe (X units), Algeria (X units), Botswana (X units), Senegal (X units), Angola (X units), Egypt (X units), Kenya (X units), Sudan (X units) and Cote d'Ivoire (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +39.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported forage harvesters and other harvesting machines in Africa, comprising 35% of total imports. The second position in the ranking was taken by Nigeria ($X), with a 14% share of total imports. It was followed by Algeria, with a 6.4% share.

In South Africa, imports of forage harvesters and other harvesting machines increased at an average annual rate of +3.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Nigeria (+27.6% per year) and Algeria (+21.0% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per unit, rising by 9.8% against the previous year. In general, the import price, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2017 when the import price increased by 41%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Kenya ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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