Africa: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Africa

The African mechanical shovel and excavator market rose notably to $X in 2021, growing by 11% against the previous year. In general, consumption, however, recorded a noticeable reduction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Africa

In value terms, mechanical shovel and excavator production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 48% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports in Africa

After two years of decline, overseas shipments of mechanical shovels, excavators and shovel loaders increased by 443% to X units in 2021. Over the period under review, exports recorded prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mechanical shovel and excavator exports skyrocketed to $X in 2021. Overall, exports, however, saw a mild downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, finishing at X units, which was approx. 92% of total exports in 2021. Zambia (X units) took a little share of total exports.

South Africa was also the fastest-growing in terms of the mechanical shovels, excavators and shovel loaders exports, with a CAGR of +18.5% from 2012 to 2021. At the same time, Zambia (+9.3%) displayed positive paces of growth. South Africa (+20 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest mechanical shovel and excavator supplier in Africa, comprising 67% of total exports. The second position in the ranking was taken by Zambia ($X), with a 6.8% share of total exports.

In South Africa, mechanical shovel and excavator exports declined by an average annual rate of -2.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per unit, dropping by -74.3% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2017 when the export price increased by 115%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices remained at a 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 Zambia ($X per unit), while South Africa amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zambia (-1.2%).

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports in Africa

In 2021, the amount of mechanical shovels, excavators and shovel loaders imported in Africa reduced to X units, with a decrease of -3% on 2020 figures. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 33% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, mechanical shovel and excavator imports surged to $X in 2021. Overall, imports continue to indicate a perceptible shrinkage. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

South Africa was the major importer of mechanical shovels, excavators and shovel loaders in Africa, with the volume of imports accounting for X units, which was near 29% of total imports in 2021. It was distantly followed by Egypt (X units), making up a 5.1% share of total imports. Morocco (X units), Ghana (X units), Nigeria (X units), Democratic Republic of the Congo (X units), Namibia (X units), Botswana (X units), Sudan (X units), Cote d'Ivoire (X units), Tanzania (X units), Guinea (X units) and Angola (X units) took a little share of total imports.

Imports into South Africa increased at an average annual rate of +3.9% from 2012 to 2021. At the same time, Guinea (+14.3%), Namibia (+13.9%), Cote d'Ivoire (+13.7%), Democratic Republic of the Congo (+5.6%), Botswana (+4.9%), Tanzania (+2.9%), Nigeria (+2.6%) and Sudan (+1.9%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Africa, with a CAGR of +14.3% from 2012-2021. Egypt and Morocco experienced a relatively flat trend pattern. By contrast, Ghana (-6.2%) and Angola (-8.7%) illustrated a downward trend over the same period. South Africa (+8 p.p.), Namibia (+2.5 p.p.), Cote d'Ivoire (+2.2 p.p.) and Guinea (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Angola and Ghana saw its share reduced by -3% and -3.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported mechanical shovels, excavators and shovel loaders in Africa, comprising 21% of total imports. The second position in the ranking was taken by Ghana ($X), with a 7.7% share of total imports. It was followed by Nigeria, with a 5% share.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled -5.0%. In the other countries, the average annual rates were as follows: Ghana (-1.5% per year) and Nigeria (-1.6% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2021, picking up by 26% against the previous year. Overall, the import price, however, continues to indicate a noticeable decline. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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