Africa: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Africa

The African market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels shrank modestly to $X in 2021, reducing by -4% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then contracted modestly in the following year.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Africa

In value terms, grease fittings and oil seals production dropped dramatically 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 2020 when the production volume increased by 61% against the previous year. As a result, production attained the peak level of $X, and then shrank significantly in the following year.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports in Africa

In 2021, overseas shipments of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by 16% to X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 31%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, grease fittings and oil seals exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Tunisia represented the largest exporter of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels in Africa, with the volume of exports accounting for X units, which was approx. 57% of total exports in 2021. South Africa (X units) ranks second in terms of the total exports with a 15% share, followed by Egypt (12%). The following exporters - Cote d'Ivoire (X units), Togo (X units) and Nigeria (X units) - together made up 7.4% of total exports.

Exports from Tunisia increased at an average annual rate of +4.8% from 2012 to 2021. At the same time, Togo (+104.6%), Cote d'Ivoire (+40.7%) and Egypt (+9.7%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Africa, with a CAGR of +104.6% from 2012-2021. By contrast, Nigeria (-4.9%) and South Africa (-7.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Tunisia, Egypt, Togo and Cote d'Ivoire increased by +12, +5.9, +2.6 and +2.6 percentage points, respectively.

In value terms, the largest grease fittings and oil seals supplying countries in Africa were Tunisia ($X), Egypt ($X) and South Africa ($X), with a combined 90% share of total exports. Cote d'Ivoire, Nigeria and Togo lagged somewhat behind, together comprising a further 3.9%.

In terms of the main exporting countries, Togo, with a CAGR of +71.2%, recorded 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

The export price in Africa stood at $X per unit in 2021, jumping by 25% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Egypt ($X per unit), while Togo ($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 (+8.6%), while the other leaders experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports in Africa

For the third year in a row, Africa recorded growth in overseas purchases of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, which increased by 92% to X units in 2021. Over the period under review, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, grease fittings and oil seals imports rose notably to $X in 2021. Overall, imports showed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 68%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

Liberia was the key importer of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels in Africa, with the volume of imports accounting for X units, which was near 46% of total imports in 2021. It was distantly followed by Egypt (X units), mixing up a 29% share of total imports. South Africa (X units), Nigeria (X units), Algeria (X units), Sierra Leone (X units) and Kenya (X units) took a relatively small share of total imports.

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

In value terms, the largest grease fittings and oil seals importing markets in Africa were Liberia ($X), Egypt ($X) and Nigeria ($X), with a combined 85% share of total imports.

In terms of the main importing countries, Egypt, with a CAGR of +22.8%, recorded 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, reducing by -40.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 28%. As a result, import price reached the peak level of $X per unit, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Liberia ($X per unit), while Sierra Leone ($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 (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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