Africa: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in Africa

The African mounting lifting equipment market expanded slightly to $X in 2021, rising by 2.4% against the previous year. Overall, consumption, however, showed a buoyant increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Mounting Lifting Equipment Production in Africa

In value terms, mounting lifting equipment production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 85%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Mounting Lifting Equipment Exports

Exports in Africa

In 2021, mounting lifting equipment exports in Africa soared to X units, rising by 36% against the year before. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 124%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, mounting lifting equipment exports soared to $X in 2021. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 134% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Morocco was the major exporter of lifting equipment designed for mounting on road vehicles in Africa, with the volume of exports reaching X units, which was near 43% of total exports in 2021. South Africa (X units) took a 25% share (based on physical terms) of total exports, which put it in second place, followed by Liberia (21%). The following exporters - Togo (X units) and Ghana (X units) - each reached an 8.1% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Togo (with a CAGR of +128.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest mounting lifting equipment supplying countries in Africa were Morocco ($X), Liberia ($X) and South Africa ($X), with a combined 87% share of total exports. Ghana and Togo lagged somewhat behind, together comprising a further 8.5%.

In terms of the main exporting countries, Togo, with a CAGR of +53.0%, recorded 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, increasing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2017 an increase of 19% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Liberia ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+37.2%), while the other leaders experienced mixed trends in the export price figures.

Mounting Lifting Equipment Imports

Imports in Africa

In 2021, approx. X units of lifting equipment designed for mounting on road vehicles were imported in Africa; picking up by 62% against 2020. Over the period under review, imports, however, saw a deep setback. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, mounting lifting equipment imports surged to $X in 2021. In general, imports, however, saw a perceptible reduction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, accounting for X units, which was approx. 63% of total imports in 2021. Algeria (X units) ranks second in terms of the total imports with a 7.3% share, followed by Morocco (6.3%). Mauritius (X units), Egypt (X units) and Nigeria (X units) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of -8.8% from 2012 to 2021. At the same time, Morocco (+11.1%), Mauritius (+5.1%) and Nigeria (+3.5%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of +11.1% from 2012-2021. By contrast, Algeria (-5.3%) and Egypt (-20.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Morocco, Mauritius and Algeria increased by +5.2, +2.6 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported lifting equipment designed for mounting on road vehicles in Africa, comprising 42% of total imports. The second position in the ranking was taken by Morocco ($X), with a 14% share of total imports. It was followed by Algeria, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled -5.7%. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (+12.1% per year) and Algeria (+0.1% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2021, increasing by 2.3% against the previous year. Overall, the import price enjoyed pronounced growth. The pace of growth appeared the most rapid in 2017 an increase of 137% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the 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 Nigeria ($X per unit), while Mauritius ($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 (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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