Africa: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in Africa

The African horizontal machining centre market amounted to $X in 2021, growing by 1.6% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Horizontal Machining Centre Production in Africa

In value terms, horizontal machining centre production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 34%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Horizontal Machining Centre Exports

Exports in Africa

In 2021, the amount of horizontal machining centres for working metal exported in Africa skyrocketed to X units, with an increase of 133% compared with the previous year. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 969% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, horizontal machining centre exports surged to $X in 2021. In general, exports, however, recorded a abrupt contraction. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, reaching X units, which was approx. 95% of total exports in 2021. It was distantly followed by Morocco (X units), committing a 4.7% share of total exports.

South Africa was also the fastest-growing in terms of the horizontal machining centres for working metal exports, with a CAGR of +67.2% from 2012 to 2021. At the same time, Morocco (+19.6%) displayed positive paces of growth. From 2012 to 2021, the share of South Africa increased by +85 percentage points.

In value terms, the largest horizontal machining centre supplying countries in Africa were South Africa ($X) and Morocco ($X).

Morocco, with a CAGR of +18.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per unit, which is down by -29.7% against the previous year. Overall, the export price saw a significant contraction. The growth pace was the most rapid in 2018 an increase of 4,324% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Morocco ($X per unit), while South Africa amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (-2.0%).

Horizontal Machining Centre Imports

Imports in Africa

In 2021, purchases abroad of horizontal machining centres for working metal decreased by -24.8% to X units, falling for the second year in a row after three years of growth. Overall, imports showed a mild contraction. The pace of growth appeared the most rapid in 2014 with an increase of 39%. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, horizontal machining centre imports fell sharply to $X in 2021. Over the period under review, imports continue to indicate a noticeable descent. The growth pace was the most rapid in 2019 with an increase of 42%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, South Africa (X units) represented the key importer of horizontal machining centres for working metal, creating 39% of total imports. Ghana (X units) held the second position in the ranking, followed by Morocco (X units), Tunisia (X units) and Egypt (X units). All these countries together took near 41% share of total imports. Algeria (X units) and Cameroon (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to horizontal machining centre imports into South Africa stood at +3.3%. At the same time, Ghana (+19.4%), Morocco (+18.6%), Cameroon (+14.0%) and Egypt (+10.7%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Africa, with a CAGR of +19.4% from 2012-2021. By contrast, Algeria (-6.2%) and Tunisia (-14.5%) illustrated a downward trend over the same period. While the share of South Africa (+14 p.p.), Ghana (+12 p.p.), Morocco (+8.1 p.p.) and Egypt (+5.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Algeria (-2.1 p.p.) and Tunisia (-23.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported horizontal machining centres for working metal in Africa, comprising 36% of total imports. The second position in the ranking was taken by Tunisia ($X), with a 15% share of total imports. It was followed by Egypt, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa totaled -5.3%. The remaining importing countries recorded the following average annual rates of imports growth: Tunisia (-7.1% per year) and Egypt (+21.5% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per unit, falling by -5.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by 57%. The level of import peaked at $X per unit in 2016; however, from 2017 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 Algeria ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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