Africa: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Africa

In 2022, the African machine-tool for drilling market decreased by -3.9% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, enjoyed a temperate increase. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Machine-Tool For Drilling Production in Africa

In value terms, machine-tool for drilling production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by 53%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Machine-Tool For Drilling Exports

Exports in Africa

Machine-tool for drilling exports contracted to X units in 2022, shrinking by -11.3% compared with the year before. Overall, exports, however, continue to indicate modest growth. The growth pace was the most rapid in 2015 when exports increased by 165%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, machine-tool for drilling exports reduced remarkably to $X in 2022. In general, exports recorded a deep downturn. The growth pace was the most rapid in 2019 with an increase of 108%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Mali (X units), distantly followed by South Africa (X units), Kenya (X units), Tanzania (X units) and Swaziland (X units) were the key exporters of machine-tools for drilling, boring or milling metal, together creating 86% of total exports. Angola (X units) and Ghana (X units) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Swaziland (with a CAGR of +46.9%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest machine-tool for drilling supplier in Africa, comprising 30% of total exports. The second position in the ranking was held by Kenya ($X), with a 14% share of total exports. It was followed by Tanzania, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to -15.3%. In the other countries, the average annual rates were as follows: Kenya (+19.6% per year) and Tanzania (-10.9% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, waning by -44.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2016 an increase of 71% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 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 South Africa ($X per unit), while Mali ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (-4.0%), while the other leaders experienced a decline in the export price figures.

Machine-Tool For Drilling Imports

Imports in Africa

Machine-tool for drilling imports shrank to X units in 2022, falling by -6.7% compared with the previous year. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 373%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, machine-tool for drilling imports contracted to $X in 2022. Overall, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X units), Egypt (X units) and Nigeria (X units) represented the main importer of machine-tools for drilling, boring or milling metal in Africa, achieving 50% of total import. It was distantly followed by Botswana (X units), achieving a 5.7% share of total imports. Namibia (X units), Morocco (X units), Ethiopia (X units), Mozambique (X units), Libya (X units), Ghana (X units), Algeria (X units), Tunisia (X units) and Mauritius (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mauritius (with a CAGR of +16.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for drilling importing markets in Africa were South Africa ($X), Nigeria ($X) and Botswana ($X), with a combined 43% share of total imports. Egypt, Morocco, Algeria, Ghana, Ethiopia, Tunisia, Libya, Mozambique, Namibia and Mauritius lagged somewhat behind, together comprising a further 36%.

In terms of the main importing countries, Mauritius, with a CAGR of +11.9%, saw 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, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate tangible growth. The most prominent rate of growth was recorded in 2016 an increase of 354%. The level of import peaked at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per unit), while Namibia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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