Africa: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Africa

The African fuel or lubricating pump market rose markedly to $X in 2021, picking up by 6.7% against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Africa

In value terms, fuel or lubricating pump production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 87%. As a result, production attained the peak level of $X, and then reduced notably in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports in Africa

In 2021, overseas shipments of fuel, lubricating or cooling-medium pumps for internal combustion engines decreased by -11.2% to X units, falling for the second year in a row after three years of growth. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, fuel or lubricating pump exports surged to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa was the largest exporting country with an export of around X units, which accounted for 42% of total exports. Nigeria (X units) ranks second in terms of the total exports with a 14% share, followed by Zambia (12%) and Namibia (4.9%). Tunisia (X units), Botswana (X units), Rwanda (X units), Zimbabwe (X units), Senegal (X units) and Lesotho (X units) took a little share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of fuel, lubricating or cooling-medium pumps for internal combustion engines. At the same time, Rwanda (+130.4%), Lesotho (+13.2%), Zimbabwe (+10.8%), Nigeria (+5.0%) and Senegal (+1.1%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of +130.4% from 2012-2021. Zambia experienced a relatively flat trend pattern. By contrast, Tunisia (-2.5%), Namibia (-14.6%) and Botswana (-22.3%) illustrated a downward trend over the same period. South Africa (+16 p.p.), Nigeria (+8.3 p.p.), Zambia (+4.4 p.p.) and Rwanda (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Namibia and Botswana saw its share reduced by -7.7% and -18.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest fuel or lubricating pump supplier in Africa, comprising 84% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 3.5% share of total exports. It was followed by Zambia, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled +4.5%. In the other countries, the average annual rates were as follows: Tunisia (-5.5% per year) and Zambia (-2.7% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2021, increasing by 77% against the previous year. Over the period under review, the export price saw a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per unit), while Zimbabwe ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Botswana (+11.3%), while the other leaders experienced more modest paces of growth.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports in Africa

In 2021, supplies from abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. 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 2015 with an increase of 30% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, fuel or lubricating pump imports surged to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Africa (X units) was the main importer of fuel, lubricating or cooling-medium pumps for internal combustion engines, committing 32% of total imports. It was distantly followed by Algeria (X units), Nigeria (X units), Libya (X units), Egypt (X units) and Morocco (X units), together creating a 38% share of total imports. The following importers - Burkina Faso (X units), Ghana (X units), Zambia (X units), Tanzania (X units), Democratic Republic of the Congo (X units), Sudan (X units) and Tunisia (X units) - together made up 17% of total imports.

Imports into South Africa increased at an average annual rate of +7.0% from 2012 to 2021. At the same time, Democratic Republic of the Congo (+20.9%), Tanzania (+10.2%), Algeria (+10.1%), Sudan (+8.7%), Burkina Faso (+5.6%), Libya (+4.8%), Nigeria (+4.2%) and Zambia (+2.2%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of +20.9% from 2012-2021. Tunisia and Egypt experienced a relatively flat trend pattern. By contrast, Morocco (-2.6%) and Ghana (-17.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Africa, Algeria, Democratic Republic of the Congo, Nigeria and Libya increased by +12, +6.4, +1.8, +1.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Algeria ($X) and Morocco ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 52% share of total imports. These countries were followed by Nigeria, Egypt, Libya, Tunisia, Tanzania, Burkina Faso, Sudan, Democratic Republic of the Congo, Ghana and Zambia, which together accounted for a further 29%.

Tanzania, with a CAGR of +15.6%, saw the highest rates of growth with regard to the value of imports, among 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

In 2021, the import price in Africa amounted to $X per unit, surging by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Morocco ($X per unit), while Zambia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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