Africa: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Africa

The African jacks and hoists market dropped slightly to $X in 2022, declining by -3.2% against the previous year. Over the period under review, consumption showed a perceptible downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Jacks And Hoists Production in Africa

In value terms, jacks and hoists production fell to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2016 when the production volume increased by 40% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Jacks And Hoists Exports

Exports in Africa

In 2022, exports of jacks and hoists for raising vehicles in Africa soared to X units, increasing by 30% compared with the year before. In general, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, jacks and hoists exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, recording X units, which was near 84% of total exports in 2022. Kenya (X units), Mauritius (X units), Togo (X units) and Senegal (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to jacks and hoists exports from South Africa stood at -8.2%. At the same time, Mauritius (+41.8%), Togo (+18.5%), Kenya (+13.3%) and Senegal (+6.2%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in Africa, with a CAGR of +41.8% from 2012-2022. From 2012 to 2022, the share of Kenya, Mauritius and Togo increased by +2.9, +1.8 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest jacks and hoists supplier in Africa, comprising 70% of total exports. The second position in the ranking was held by Mauritius ($X), with a 5.2% share of total exports. It was followed by Senegal, with a 0.8% share.

In South Africa, jacks and hoists exports plunged by an average annual rate of -11.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mauritius (+27.3% per year) and Senegal (+0.2% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, picking up by 7.9% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2014 an increase of 33%. As a result, the export price reached the peak level of $X per unit. From 2015 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 Mauritius ($X per unit), while Togo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+2.7%), while the other leaders experienced a decline in the export price figures.

Jacks And Hoists Imports

Imports in Africa

In 2022, imports of jacks and hoists for raising vehicles in Africa declined to X units, dropping by -10% compared with the previous year. In general, imports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 64%. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, jacks and hoists imports shrank to $X in 2022. Over the period under review, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 69% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

South Africa was the main importing country with an import of about X units, which reached 30% of total imports. Algeria (X units) held a 7.9% share (based on physical terms) of total imports, which put it in second place, followed by Egypt (7.5%), Morocco (6.6%), Libya (5.7%), Tanzania (5.3%), Mozambique (5.2%) and Botswana (4.8%). The following importers - Tunisia (X units), Sudan (X units), Zimbabwe (X units), Kenya (X units) and Angola (X units) - together made up 12% of total imports.

From 2012 to 2022, average annual rates of growth with regard to jacks and hoists imports into South Africa stood at +6.4%. At the same time, Tanzania (+19.7%), Zimbabwe (+15.5%), Egypt (+12.0%), Botswana (+5.2%), Libya (+4.0%) and Kenya (+1.9%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in Africa, with a CAGR of +19.7% from 2012-2022. By contrast, Algeria (-1.6%), Morocco (-2.4%), Angola (-4.9%), Sudan (-5.3%), Mozambique (-9.2%) and Tunisia (-12.9%) illustrated a downward trend over the same period. While the share of South Africa (+12 p.p.), Egypt (+4.8 p.p.), Tanzania (+4.3 p.p.), Botswana (+1.6 p.p.) and Zimbabwe (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Algeria (-2.3 p.p.), Sudan (-2.6 p.p.), Morocco (-2.7 p.p.), Mozambique (-9.8 p.p.) and Tunisia (-10 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest jacks and hoists importing markets in Africa were South Africa ($X), Algeria ($X) and Morocco ($X), with a combined 40% share of total imports. Egypt, Zimbabwe, Mozambique, Tunisia, Botswana, Kenya, Angola, Tanzania, Libya and Sudan lagged somewhat behind, together accounting for a further 31%.

Among the main importing countries, Zimbabwe, with a CAGR of +9.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, picking up by 10% against the previous year. Over the period under review, the import price, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2019 an increase of 39% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Zimbabwe ($X per unit), while Sudan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+14.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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