Africa: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Africa

The African market for fully or partly automatic electric machines for arc welding of metals surged to $X in 2022, growing by 218% against the previous year. Over the period under review, consumption posted a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Africa

In value terms, production of fully or partly automatic electric machines for arc welding of metals expanded modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate mild growth. The growth pace was the most rapid in 2013 with an increase of 127%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports in Africa

Exports of fully or partly automatic electric machines for arc welding of metals shrank remarkably to X units in 2022, waning by -37.6% compared with the previous year. In general, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 154% against the previous year. The volume of export peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals dropped significantly to $X in 2022. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 167% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then contracted markedly in the following year.

Exports by Country

In 2022, South Africa (X units) was the major exporter of fully or partly automatic electric machines for arc welding of metals, constituting 72% of total exports. It was distantly followed by Angola (X units), constituting a 15% share of total exports. Morocco (X units), Nigeria (X units) and Cote d'Ivoire (X units) held a relatively small share of total exports.

Exports from South Africa increased at an average annual rate of +5.6% from 2012 to 2022. At the same time, Angola (+42.0%), Cote d'Ivoire (+40.0%), Morocco (+31.6%) and Nigeria (+29.3%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in Africa, with a CAGR of +42.0% from 2012-2022. While the share of Angola (+14 p.p.), Morocco (+3.9 p.p.), Nigeria (+1.9 p.p.) and Cote d'Ivoire (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (-4.3 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest fully or partly automatic arc welding machine supplier in Africa, comprising 86% of total exports. The second position in the ranking was held by Angola ($X), with a 6.2% share of total exports. It was followed by Morocco, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to +19.8%. In the other countries, the average annual rates were as follows: Angola (+23.2% per year) and Morocco (+6.7% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, surging by 18% against the previous year. In general, the export price posted a strong increase. The growth pace was the most rapid in 2016 when the export price increased by 249% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Nigeria ($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 (+13.5%), while the other leaders experienced a decline in the export price figures.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports in Africa

Imports of fully or partly automatic electric machines for arc welding of metals skyrocketed to X units in 2022, picking up by 43% against the previous year's figure. In general, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 200% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals soared to $X in 2022. Overall, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa represented the largest importing country with an import of around X units, which amounted to 65% of total imports. It was distantly followed by Nigeria (X units), committing a 19% share of total imports. Morocco (X units) took a relatively small share of total imports.

Imports into South Africa increased at an average annual rate of +10.6% from 2012 to 2022. At the same time, Nigeria (+28.2%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Africa, with a CAGR of +28.2% from 2012-2022. By contrast, Morocco (-1.5%) illustrated a downward trend over the same period. While the share of Nigeria (+16 p.p.) and South Africa (+9.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Morocco (-2.6 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported fully or partly automatic electric machines for arc welding of metals in Africa, comprising 91% of total imports. The second position in the ranking was taken by Morocco ($X), with a 1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to +31.3%. In the other countries, the average annual rates were as follows: Morocco (-3.9% per year) and Nigeria (-5.4% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, increasing by 234% against the previous year. In general, the import price continues to indicate prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per unit), while Nigeria ($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 (+18.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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