Africa: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Africa

The African market for grinding, sanding and polishing machines shrank to $X in 2021, declining by -6.2% against the previous year. Overall, consumption recorded a significant increase. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Grinding, Sanding and Polishing Machines in Africa

In value terms, grinding, sanding and polishing machine production totaled $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild increase. The most prominent rate of growth was recorded in 2015 with an increase of 174%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports in Africa

In 2021, shipments abroad of grinding, sanding and polishing machines increased by 18% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 19%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2017 when exports increased by 36% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of grinding, sanding and polishing machines, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the grinding, sanding and polishing machines exports, with a CAGR of -8.6% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest grinding, sanding and polishing machine supplier in Africa.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled -10.0%.

Export Prices by Country

The export price in Africa stood at $X per unit in 2021, increasing by 15% against the previous year. Over the period under review, the export price, however, saw a slight downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by 59% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -1.5% per year.

Imports of Grinding, Sanding and Polishing Machines

Imports in Africa

For the fifth consecutive year, Africa recorded growth in purchases abroad of grinding, sanding and polishing machines, which increased by 14% to X units in 2021. Overall, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 88%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, grinding, sanding and polishing machine imports rose modestly to $X in 2021. The total import value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 29% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

South Africa prevails in imports structure, accounting for X units, which was near 74% of total imports in 2021. It was distantly followed by Mauritius (X units), constituting a 9.1% share of total imports. Botswana (X units) and Lesotho (X units) followed a long way behind the leaders.

South Africa was also the fastest-growing in terms of the grinding, sanding and polishing machines imports, with a CAGR of +29.2% from 2012 to 2021. At the same time, Mauritius (+25.4%), Lesotho (+18.2%) and Botswana (+9.1%) displayed positive paces of growth. South Africa (+40 p.p.) and Mauritius (+3.6 p.p.) significantly strengthened its position in terms of the total imports, while Botswana saw its share reduced by -3.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported grinding, sanding and polishing machines in Africa, comprising 45% of total imports. The second position in the ranking was held by Mauritius ($X), with a 5.2% share of total imports. It was followed by Botswana, with a 2.1% share.

In South Africa, grinding, sanding and polishing machine imports expanded at an average annual rate of +10.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mauritius (+21.4% per year) and Botswana (+8.8% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2021, reducing by -8.4% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by 20% against the previous year. Over the period under review, import prices reached the maximum 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 Botswana ($X per unit), while Lesotho ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lesotho (+2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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