Africa: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Africa

The African grinding and sharpening machine market expanded slightly to $X in 2022, picking up by 2.8% against the previous year. Overall, consumption posted a resilient expansion. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Production of Grinding And Sharpening Metal Finishing Machines in Africa

In value terms, grinding and sharpening machine production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production saw a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 61% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports in Africa

In 2022, grinding and sharpening machine exports in Africa declined to X units, shrinking by -5.2% against the previous year. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 154% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports reduced slightly to $X in 2022. Overall, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, recording X units, which was near 91% of total exports in 2022. Mauritius (X units) took a relatively small share of total exports.

Exports from South Africa decreased at an average annual rate of -15.6% from 2012 to 2022. At the same time, Mauritius (+32.5%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in Africa, with a CAGR of +32.5% from 2012-2022. Mauritius (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -5.5% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest grinding and sharpening machine supplier in Africa, comprising 60% of total exports. The second position in the ranking was taken by Mauritius ($X), with a 0.3% share of total exports.

In South Africa, grinding and sharpening machine exports decreased by an average annual rate of -5.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, surging by 4.4% against the previous year. Overall, the export price saw a remarkable increase. The pace of growth was the most pronounced in 2017 when the export price increased by 91% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 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 South Africa ($X per unit), while Mauritius stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+11.9%).

Imports of Grinding And Sharpening Metal Finishing Machines

Imports in Africa

In 2022, purchases abroad of grinding and sharpening metal finishing machines was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 66%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, grinding and sharpening machine imports shrank to $X in 2022. Overall, imports saw a strong expansion. The growth pace was the most rapid in 2018 with an increase of 71%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X units) was the major importer of grinding and sharpening metal finishing machines, creating 31% of total imports. Nigeria (X units) ranks second in terms of the total imports with a 14% share, followed by Botswana (12%), Mozambique (9.5%) and Mauritius (7.8%). The following importers - Zambia (X units), Namibia (X units), Swaziland (X units), Kenya (X units) and Morocco (X units) - together made up 13% of total imports.

Imports into South Africa decreased at an average annual rate of -3.3% from 2012 to 2022. At the same time, Swaziland (+58.3%), Nigeria (+41.1%), Mauritius (+31.4%), Namibia (+28.6%), Morocco (+10.2%) and Mozambique (+2.5%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing importer imported in Africa, with a CAGR of +58.3% from 2012-2022. Kenya experienced a relatively flat trend pattern. By contrast, Botswana (-1.4%) and Zambia (-1.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Mauritius, Swaziland and Namibia increased by +13, +7.2, +2.7 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported grinding and sharpening metal finishing machines in Africa, comprising 65% of total imports. The second position in the ranking was taken by South Africa ($X), with a 7.3% share of total imports. It was followed by Botswana, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled +26.9%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (-3.8% per year) and Botswana (+8.8% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, waning by -24.8% against the previous year. Over the period under review, the import price, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 an increase of 110%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Nigeria ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+10.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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