Africa: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Africa

The African self-propelled boring machinery market soared to $X in 2022, growing by 19% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Self-Propelled Boring Machinery Production in Africa

In value terms, self-propelled boring machinery production fell to $X in 2022 estimated in export price. In general, production enjoyed mild growth. The pace of growth appeared the most rapid in 2016 with an increase of 1,620% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Self-Propelled Boring Machinery Exports

Exports in Africa

In 2022, approx. X units of self-propelled boring or sinking machinery were exported in Africa; growing by 4.1% on the year before. Overall, exports, however, continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 1,270% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, self-propelled boring machinery exports surged to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

South Africa was the main exporter of self-propelled boring or sinking machinery in Africa, with the volume of exports finishing at X units, which was approx. 47% of total exports in 2022. It was distantly followed by Botswana (X units), Cameroon (X units), Burkina Faso (X units) and Zambia (X units), together achieving a 27% share of total exports. The following exporters - Senegal (X units), Niger (X units), Mali (X units), Namibia (X units) and Mozambique (X units) - together made up 11% of total exports.

Exports from South Africa decreased at an average annual rate of -6.1% from 2012 to 2022. At the same time, Niger (+44.4%), Cameroon (+25.2%), Senegal (+11.6%), Mali (+7.2%) and Botswana (+5.3%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Africa, with a CAGR of +44.4% from 2012-2022. Mozambique experienced a relatively flat trend pattern. By contrast, Zambia (-2.6%), Namibia (-4.3%) and Burkina Faso (-9.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cameroon, Botswana, Niger and Senegal increased by +7.3, +5.8, +2.7 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest self-propelled boring machinery supplier in Africa, comprising 65% of total exports. The second position in the ranking was held by Cameroon ($X), with a 7.4% share of total exports. It was followed by Burkina Faso, with a 3.9% share.

In South Africa, self-propelled boring machinery exports expanded at an average annual rate of +8.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Cameroon (+46.8% per year) and Burkina Faso (-9.9% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, rising by 17% against the previous year. Over the period under review, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 2,389% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cameroon (+17.2%), while the other leaders experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports in Africa

Self-propelled boring machinery imports expanded significantly to X units in 2022, rising by 14% against 2021 figures. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 47%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, self-propelled boring machinery imports reached $X in 2022. In general, imports, however, recorded a mild setback. The most prominent rate of growth was recorded in 2018 when imports increased by 27% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X units) and Ghana (X units) represented the major importers of self-propelled boring or sinking machinery in Africa, together reaching approx. 47% of total imports. It was distantly followed by Egypt (X units), generating a 9.3% share of total imports. Mali (X units), Democratic Republic of the Congo (X units), Zambia (X units), Algeria (X units), Liberia (X units), Namibia (X units), Cote d'Ivoire (X units), Guinea (X units), Kenya (X units) and Cameroon (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mali (with a CAGR of +20.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported self-propelled boring or sinking machinery in Africa, comprising 30% of total imports. The second position in the ranking was taken by Ghana ($X), with a 13% share of total imports. It was followed by Egypt, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to -5.2%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+5.7% per year) and Egypt (+25.0% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. In general, the import price showed a slight downturn. The pace of growth appeared the most rapid in 2016 an increase of 37% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Zambia ($X per unit), while Cameroon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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