Africa: Market for Machine Tools For Working Metal Without Removing Metal 2025

Market Size for Machine Tools For Working Metal Without Removing Metal in Africa

The African machine tool for metal market contracted rapidly to $X in 2021, dropping by -20.5% against the previous year. The total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +44.3% against 2017 indices. As a result, consumption reached the peak level of $X, and then plummeted in the following year.

Production of Machine Tools For Working Metal Without Removing Metal in Africa

In value terms, machine tool for metal production rose slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 49%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports in Africa

After two years of growth, overseas shipments of machine tools for working metal without removing metal decreased by -47.8% to X units in 2021. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by 28%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, machine tool for metal exports skyrocketed to $X in 2021. Over the period under review, exports showed a abrupt setback. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, South Africa (X units) was the main exporter of machine tools for working metal without removing metal, constituting 43% of total exports. Uganda (X units) took the second position in the ranking, distantly followed by Congo (X units) and Zambia (X units). All these countries together took approx. 35% share of total exports. The following exporters - Morocco (X units), Tanzania (X units), Namibia (X units), Ghana (X units), Kenya (X units) and Senegal (X units) - together made up 14% of total exports.

From 2012 to 2021, the biggest increases were recorded for Zambia (with a CAGR of +54.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest machine tool for metal supplier in Africa, comprising 55% of total exports. The second position in the ranking was held by Uganda ($X), with a 9.8% share of total exports. It was followed by Tanzania, with a 6% share.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled -7.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Uganda (-11.6% per year) and Tanzania (+14.6% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per unit, jumping by 300% against the previous year. In general, the export price enjoyed a strong increase. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+23.2%), while the other leaders experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in Africa

In 2021, after three years of growth, there was significant decline in overseas purchases of machine tools for working metal without removing metal, when their volume decreased by -31.1% to X units. In general, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 106%. Over the period under review, imports hit record highs at X units in 2020, and then declined dramatically in the following year.

In value terms, machine tool for metal imports dropped to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 54%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Nigeria dominates imports structure, finishing at X units, which was near 68% of total imports in 2021. Tanzania (X units) took a 5.6% share (based on physical terms) of total imports, which put it in second place, followed by Mali (5.3%) and Senegal (4.6%). Ethiopia (X units), South Africa (X units) and Morocco (X units) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to machine tool for metal imports into Nigeria stood at +24.9%. At the same time, Senegal (+43.7%), Tanzania (+37.4%), Mali (+35.9%) and Ethiopia (+13.3%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of +43.7% from 2012-2021. By contrast, Morocco (-9.3%) and South Africa (-13.4%) illustrated a downward trend over the same period. While the share of Nigeria (+52 p.p.), Tanzania (+5 p.p.), Mali (+4.7 p.p.) and Senegal (+4.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Morocco (-8 p.p.) and South Africa (-14.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Morocco ($X) and Senegal ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 44% share of total imports.

Senegal, with a CAGR of +61.0%, saw the highest rates of growth with regard to the value of imports, among 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 an increase of 33% against the previous year. Overall, the import price, however, recorded a abrupt decrease. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Morocco ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+12.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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