Africa: Rubber Synchronous Belts Market 2020

Rubber Synchronous Belts Market Size in Africa

The revenue of the rubber synchronous belts market in Africa amounted to $X in 2017, going up by X% against the previous year. The rubber synchronous belts consumption continues to indicate a slight decrease. The growth pace was the most rapid in 2017, when market value increased by X% y-o-y. Over the period under review, the rubber synchronous belts market reached its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Rubber Synchronous Belts Production in Africa

In 2017, the amount of rubber synchronous belts produced in Africa totaled X tons, approximately equating the previous year. The rubber synchronous belts production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015, when it surged by X% y-o-y. The volume of rubber synchronous belts production peaked in 2017, and is likely to see steady growth in the immediate term.

Rubber Synchronous Belts Exports in Africa

In 2017, approx. X tons of rubber synchronous belts were exported in Africa; shrinking by -X% against the previous year. The total exports indicated a modest growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2010, with an increase of X% against the previous year. The volume of exports peaked of X tons in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, rubber synchronous belts exports amounted to $X in 2017. The rubber synchronous belts exports continue to indicate a relatively flat trend pattern. In that year, the rubber synchronous belts exports attained their peak level of $X. From 2013 to 2017, growth of the rubber synchronous belts exports failed to regain its momentum.

Rubber Synchronous Belts Exports by Country in Africa

South Africa dominates rubber synchronous belts exports structure, amounting to X tons, which was approx. X% of total exports in 2017. It was distantly followed by Nigeria (X kg), generating X% share of total exports. Malawi (X kg) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of +X% from 2007 to 2017. At the same time, Malawi (+X%) and Nigeria (+X%) displayed positive paces of growth. Moreover, Malawi emerged as the fastest growing exporter in Africa, with a CAGR of +X% from 2007-2017. Malawi (-X%) and South Africa (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest rubber synchronous belts supplier in Africa, making up X% of global exports. The second position in the ranking was occupied by Nigeria ($X), with a X% share of global exports. It was followed by Malawi, with a X% share.

From 2007 to 2017, the average annual growth rate of value in South Africa stood at +X%. In the other countries, the average annual rates were as follows: Nigeria (+X% per year) and Malawi (+X% per year).

Rubber Synchronous Belts Export Prices by Country in Africa

The rubber synchronous belts export price in Africa stood at $X per kg in 2017, surging by X% against the previous year. The rubber synchronous belts export price continues to indicate a measured drop. The most prominent rate of growth was recorded in 2017, an increase of X% y-o-y. Over the period under review, the export prices for rubber synchronous belts attained its maximum level of $X per kg in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Malawi ($X per kg), while South Africa ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Nigeria (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Rubber Synchronous Belts Imports in Africa

In 2017, rubber synchronous belts imports in Africa amounted to X tons, growing by X% against the previous year. The total imports indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rubber synchronous belts imports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2010, with an increase of X% year-to-year. Over the period under review, the rubber synchronous belts imports reached its peak figure volume in 2017, and are likely to see steady growth in the near future.

In value terms, rubber synchronous belts imports totaled $X in 2017. The total imports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rubber synchronous belts imports increased by +X% against 2015 indices. The level of imports peaked in 2017, and are likely to see steady growth in the near future.

Rubber Synchronous Belts Imports by Country in Africa

The countries with the highest levels of rubber synchronous belts imports in 2017 were Algeria (X tons), Tunisia (X tons) and Egypt (X tons), together finishing at X% of total import. South Africa (X tons) ranks second in terms of the global imports with a X% share, followed by Morocco (X%). Nigeria (X tons) and Angola (X tons) took the weak share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Nigeria (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest rubber synchronous belts markets worldwide were Algeria ($X), Tunisia ($X) and South Africa ($X), together comprising X% of total imports. Egypt, Morocco, Nigeria and Angola lagged somewhat behind, together comprising a further X%.

Nigeria (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Rubber Synchronous Belts Import Prices by Country in Africa

The rubber synchronous belts import price in Africa stood at $X per kg in 2017, coming down by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2009, when it surged by X% year-to-year. The level of import price peaked of $X per kg in 2011; however, from 2012 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was South Africa ($X per kg), while Angola ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Algeria (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform