Africa: Working Wire Machine Market 2024

Working Wire Machine Market Size in Africa

In 2021, the African working wire machine market decreased by -2% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a pronounced decrease. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Working Wire Machine Production in Africa

In value terms, working wire machine production expanded rapidly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 61% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Working Wire Machine Exports

Exports in Africa

Working wire machine exports skyrocketed to X units in 2021, jumping by 133% on 2020. Over the period under review, exports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 263%. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, working wire machine exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, resulting at X units, which was approx. 84% of total exports in 2021. It was distantly followed by Tunisia (X units), achieving a 7.1% share of total exports. The following exporters - Burundi (X units), Angola (X units) and Botswana (X units) - together made up 6% of total exports.

Exports from South Africa increased at an average annual rate of +8.8% from 2012 to 2021. At the same time, Tunisia (+33.0%), Burundi (+16.5%) and Botswana (+5.2%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +33.0% from 2012-2021. By contrast, Angola (-9.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Africa, Tunisia, Burundi and Botswana increased by +24, +6.2, +2.7 and +1.6 percentage points, respectively.

In value terms, Burundi ($X), South Africa ($X) and Tunisia ($X) were the countries with the highest levels of exports in 2021, with a combined 86% share of total exports.

Burundi, with a CAGR of +104.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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, rising by 91% against the previous year. Over the period under review, the export price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2017 an increase of 301%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, 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 Burundi ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Burundi (+75.9%), while the other leaders experienced mixed trends in the export price figures.

Working Wire Machine Imports

Imports in Africa

In 2021, imports of machines for working wire in Africa declined slightly to X units, which is down by -4.3% against 2020. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 1,844%. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, working wire machine imports stood at $X in 2021. In general, imports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 66% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Kenya (X units) and Algeria (X units) represented roughly 34% of total imports in 2021. South Africa (X units) ranks next in terms of the total imports with an 11% share, followed by Morocco (6.7%), Ethiopia (6.4%), Ghana (5.5%) and Egypt (4.7%). Nigeria (X units), Angola (X units), Tunisia (X units), Zimbabwe (X units), Zambia (X units) and Guinea (X units) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guinea (with a CAGR of +25.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest working wire machine importing markets in Africa were South Africa ($X), Kenya ($X) and Egypt ($X), together accounting for 60% of total imports. These countries were followed by Algeria, Morocco, Nigeria, Zimbabwe, Ghana, Ethiopia, Guinea, Tunisia, Zambia and Angola, which together accounted for a further 33%.

Guinea, with a CAGR of +28.4%, recorded 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, surging by 7.9% against the previous year. Overall, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of 4,055%. Over the period under review, import prices reached 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 Egypt ($X per unit), while Angola ($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 (+23.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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