Africa: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Africa

In 2021, the African machine-tool for working metal market increased by 13% to $X, rising for the fourth year in a row after four years of decline. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Production of Machine Tools For Working Metal in Africa

In value terms, machine-tool for working metal production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 35%. The level of production peaked at $X in 2020, and then declined in the following year.

Exports of Machine Tools For Working Metal

Exports in Africa

In 2021, shipments abroad of machine tools for working metal decreased by -33.3% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of 59%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, machine-tool for working metal exports dropped to $X in 2021. In general, exports recorded a perceptible decline. The pace of growth was the most pronounced in 2018 when exports increased by 72%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, reaching X units, which was near 77% of total exports in 2021. It was distantly followed by Ethiopia (X units), achieving a 4.9% share of total exports. Libya (X units), Kenya (X units) and Mali (X units) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to machine-tool for working metal exports from South Africa stood at -6.4%. At the same time, Libya (+84.1%), Ethiopia (+42.0%) and Mali (+27.9%) displayed positive paces of growth. Moreover, Libya emerged as the fastest-growing exporter exported in Africa, with a CAGR of +84.1% from 2012-2021. Kenya experienced a relatively flat trend pattern. While the share of Ethiopia (+4.8 p.p.), Libya (+4.4 p.p.) and Mali (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Africa (-5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Libya ($X) and Kenya ($X) were the countries with the highest levels of exports in 2021, with a combined 79% share of total exports.

In terms of the main exporting countries, Libya, with a CAGR of +124.2%, saw the highest rates of growth with regard to 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

In 2021, the export price in Africa amounted to $X per unit, increasing by 37% against the previous year. Export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 69%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Libya ($X per unit), while Mali ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Libya (+21.8%), while the other leaders experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports in Africa

In 2021, approx. X units of machine tools for working metal were imported in Africa; picking up by 54% compared with the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, machine-tool for working metal imports surged to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa (X units) and Nigeria (X units) represented the main importers of machine tools for working metal in 2021, amounting to approx. 32% and 24% of total imports, respectively. Egypt (X units) held the next position in the ranking, followed by Algeria (X units). All these countries together held approx. 14% share of total imports. Morocco (X units), Kenya (X units), Tanzania (X units), Ethiopia (X units), Tunisia (X units) and Senegal (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nigeria (with a CAGR of +17.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Egypt ($X) and Nigeria ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 62% of total imports.

In terms of the main importing countries, Nigeria, with a CAGR of +13.5%, 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

The import price in Africa stood at $X per unit in 2021, falling by -7.5% against the previous year. In general, the import price, however, showed a moderate expansion. The growth pace was the most rapid in 2017 when the import price increased by 34% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+15.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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