Africa: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in Africa

The African industrial bakery machinery market rose rapidly to $X in 2022, with an increase of 5.4% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Industrial Bakery Machinery Production in Africa

In value terms, industrial bakery machinery production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight increase. The pace of growth appeared the most rapid in 2015 with an increase of 153% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Industrial Bakery Machinery Exports

Exports in Africa

In 2022, approx. X units of industrial bakery machinery were exported in Africa; which is down by -17% against the year before. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 100% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial bakery machinery exports rose rapidly to $X in 2022. In general, exports saw a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 60%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, accounting for X units, which was approx. 76% of total exports in 2022. Tunisia (X units) ranks second in terms of the total exports with a 7.1% share, followed by Swaziland (5.5%) and Egypt (5.3%).

Exports from South Africa decreased at an average annual rate of -8.5% from 2012 to 2022. At the same time, Swaziland (+24.5%), Egypt (+19.0%) and Tunisia (+11.8%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in Africa, with a CAGR of +24.5% from 2012-2022. Tunisia (+6.1 p.p.), Swaziland (+5.2 p.p.) and Egypt (+4.9 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -4.9% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest industrial bakery machinery supplier in Africa, comprising 86% of total exports. The second position in the ranking was taken by Egypt ($X), with a 5.5% share of total exports. It was followed by Swaziland, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to -1.6%. In the other countries, the average annual rates were as follows: Egypt (+14.7% per year) and Swaziland (+23.0% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, surging by 31% against the previous year. In general, the export price recorded a remarkable increase. The growth pace was the most rapid in 2015 when the export price increased by 41%. The level of export peaked in 2022 and is likely to continue 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 ($X per unit), while Tunisia ($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 (+7.5%), while the other leaders experienced a decline in the export price figures.

Industrial Bakery Machinery Imports

Imports in Africa

In 2022, the amount of industrial bakery machinery imported in Africa expanded rapidly to X units, rising by 6.6% on the previous year's figure. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.4% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 53%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, industrial bakery machinery imports totaled $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 33%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X units), distantly followed by Algeria (X units), Morocco (X units), Libya (X units), Angola (X units), Ethiopia (X units) and Cameroon (X units) were the main importers of industrial bakery machinery, together achieving 64% of total imports. The following importers - Egypt (X units), Sudan (X units), Cote d'Ivoire (X units), Ghana (X units), South Africa (X units) and Tunisia (X units) - together made up 19% of total imports.

Imports into Nigeria increased at an average annual rate of +4.4% from 2012 to 2022. At the same time, Libya (+33.2%), Cote d'Ivoire (+22.7%), Cameroon (+14.4%), Sudan (+11.6%), Ethiopia (+10.7%), Morocco (+9.9%), Ghana (+9.5%) and Angola (+6.9%) displayed positive paces of growth. Moreover, Libya emerged as the fastest-growing importer imported in Africa, with a CAGR of +33.2% from 2012-2022. Egypt and Tunisia experienced a relatively flat trend pattern. By contrast, Algeria (-1.1%) and South Africa (-7.2%) illustrated a downward trend over the same period. While the share of Libya (+7.1 p.p.), Morocco (+3.3 p.p.), Cameroon (+3.1 p.p.), Ethiopia (+3 p.p.), Cote d'Ivoire (+2.6 p.p.), Angola (+1.8 p.p.) and Sudan (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tunisia (-1.7 p.p.), Egypt (-2.1 p.p.), Algeria (-5.8 p.p.) and South Africa (-6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Angola ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 36% of total imports. Libya, Ethiopia, Morocco, Egypt, South Africa, Cameroon, Ghana, Tunisia, Cote d'Ivoire and Sudan lagged somewhat behind, together accounting for a further 51%.

Libya, with a CAGR of +40.2%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Africa stood at $X per unit in 2022, reducing by -6.1% against the previous year. Overall, the import price recorded a mild decline. The pace of growth was the most pronounced in 2021 when the import price increased by 16% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Ghana (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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