Africa: Market for Machine-Tools For Working Any Material By Removal Of Material 2025

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Africa

In 2021, the African machine-tool for removing material market decreased by -12.8% to $X, falling for the second year in a row after three years of growth. Overall, consumption showed a moderate increase. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in Africa

In value terms, machine-tool for removing material production rose rapidly to $X in 2021 estimated in export price. The total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.7% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 66% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in Africa

Machine-tool for removing material exports soared to X units in 2021, growing by 176% compared with 2020 figures. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2016 when exports increased by 423% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, machine-tool for removing material exports surged to $X in 2021. Over the period under review, exports recorded a pronounced increase. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Burundi represented the main exporting country with an export of about X units, which resulted at 49% of total exports. South Africa (X units) ranks second in terms of the total exports with a 20% share, followed by Egypt (8.7%) and Morocco (7.2%). Tunisia (X units), Mauritius (X units) and Uganda (X units) followed a long way behind the leaders.

Burundi experienced a relatively flat trend pattern with regard to volume of exports of machine-tools for working any material by removal of material. At the same time, Morocco (+39.5%), Egypt (+34.8%), South Africa (+22.5%), Tunisia (+9.2%) and Mauritius (+1.7%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of +39.5% from 2012-2021. By contrast, Uganda (-13.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Burundi, South Africa, Egypt and Morocco increased by +49, +11, +8.7 and +6.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest machine-tool for removing material supplier in Africa, comprising 64% of total exports. The second position in the ranking was held by Morocco ($X), with an 11% share of total exports. It was followed by Tunisia, with an 11% share.

In South Africa, machine-tool for removing material exports expanded at an average annual rate of +4.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Morocco (+9.6% per year) and Tunisia (+29.0% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per unit, shrinking by -22.6% against the previous year. In general, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2017 when the export price increased by 1,023%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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 South Africa ($X per unit), while Burundi ($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 (+93.2%), while the other leaders experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in Africa

Machine-tool for removing material imports stood at X units in 2021, with an increase of 6.4% compared with 2020. Over the period under review, imports showed a temperate expansion. The most prominent rate of growth was recorded in 2015 with an increase of 210% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for removing material imports soared to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.0% against 2014 indices. The growth pace was the most rapid in 2017 when imports increased by 44%. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

South Africa dominates imports structure, accounting for X units, which was approx. 74% of total imports in 2021. Algeria (X units), Morocco (X units), Ghana (X units) and Lesotho (X units) held a little share of total imports.

Imports into South Africa increased at an average annual rate of +15.8% from 2012 to 2021. At the same time, Morocco (+47.1%), Algeria (+14.5%) and Lesotho (+12.3%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of +47.1% from 2012-2021. Ghana experienced a relatively flat trend pattern. While the share of South Africa (+44 p.p.), Morocco (+2 p.p.) and Algeria (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported machine-tools for working any material by removal of material in Africa, comprising 33% of total imports. The second position in the ranking was held by Morocco ($X), with a 9.7% share of total imports. It was followed by Algeria, with an 8% share.

In South Africa, machine-tool for removing material imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (+11.0% per year) and Algeria (+14.9% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2021, surging by 18% against the previous year. In general, the import price saw a modest expansion. The growth pace was the most rapid in 2020 an increase of 120% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lesotho (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :