Africa: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Africa

The African lathe for removing metal market contracted rapidly to $X in 2021, dropping by -18.9% against the previous year. Overall, consumption showed a noticeable reduction. 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.

Production of Lathes For Removing Metal in Africa

In value terms, lathe for removing metal production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 82% against the previous year. Over the period under review, lafor removing metal production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Lathes For Removing Metal

Exports in Africa

In 2021, the amount of lathes for removing metal exported in Africa surged to X units, rising by 33% against the previous year. In general, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2016 when exports increased by 94% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, lathe for removing metal exports skyrocketed to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of lathes for removing metal, namely Zambia, South Africa and Ethiopia, represented more than two-thirds of total export. Swaziland (X units) held an 8% share (based on physical terms) of total exports, which put it in second place, followed by Mauritius (6.3%) and Morocco (4.7%). Mozambique (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Mauritius (with a CAGR of +49.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), South Africa ($X) and Swaziland ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 73% share of total exports. Zambia, Ethiopia, Mauritius and Mozambique lagged somewhat behind, together comprising a further 7.7%.

Among the main exporting countries, Mauritius, with a CAGR of +42.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per unit in 2021, with an increase of 74% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 369%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Swaziland (+25.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Lathes For Removing Metal

Imports in Africa

In 2021, after six years of decline, there was growth in purchases abroad of lathes for removing metal, when their volume increased by 2.4% to X units. Over the period under review, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 2,952% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, lathe for removing metal imports reduced dramatically to $X in 2021. In general, imports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Tanzania (X units), distantly followed by South Africa (X units), Ghana (X units), Mozambique (X units), Egypt (X units) and Zambia (X units) were the largest importers of lathes for removing metal, together constituting 68% of total imports. The following importers - Morocco (X units), Tunisia (X units), Botswana (X units), Libya (X units), Burkina Faso (X units), Madagascar (X units) and Ethiopia (X units) - together made up 15% of total imports.

From 2012 to 2021, average annual rates of growth with regard to lathe for removing metal imports into Tanzania stood at +12.8%. At the same time, Zambia (+20.0%), Madagascar (+18.9%), Ghana (+15.4%), Burkina Faso (+9.9%), Mozambique (+6.7%) and Morocco (+3.4%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in Africa, with a CAGR of +20.0% from 2012-2021. Botswana experienced a relatively flat trend pattern. By contrast, Libya (-2.2%), Tunisia (-3.5%), South Africa (-11.2%), Ethiopia (-23.8%) and Egypt (-25.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Tanzania, Ghana, Mozambique, Zambia, Morocco and Madagascar increased by +25, +6.7, +5.2, +4.2, +2.6 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lathe for removing metal importing markets in Africa were South Africa ($X), Morocco ($X) and Egypt ($X), with a combined 48% share of total imports. These countries were followed by Ghana, Tunisia, Tanzania, Ethiopia, Zambia, Libya, Mozambique, Burkina Faso, Madagascar and Botswana, which together accounted for a further 27%.

Ghana, with a CAGR of +31.6%, 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

In 2021, the import price in Africa amounted to $X per unit, with a decrease of -25% against the previous year. Over the period under review, the import price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2018 when the import price increased by 368% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2020, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Botswana ($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 (+30.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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