Africa: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

Market Size for Straw Or Fodder Balers, Including Pickup Balers in Africa

The African straw for fodder balers market dropped to $X in 2021, waning by -7.8% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Production of Straw Or Fodder Balers, Including Pickup Balers in Africa

In value terms, straw for fodder balers production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 36% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in Africa

In 2021, overseas shipments of straw or fodder balers, including pickup balers were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, straw for fodder balers exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, 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

South Africa dominates exports structure, resulting at X units, which was approx. 88% of total exports in 2021. Zimbabwe (X units), Zambia (X units) and Tanzania (X units) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of +6.5% from 2012 to 2021. At the same time, Zambia (+13.0%) and Tanzania (+8.0%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +13.0% from 2012-2021. By contrast, Zimbabwe (-5.5%) illustrated a downward trend over the same period. South Africa (+14 p.p.) significantly strengthened its position in terms of the total exports, while Zimbabwe saw its share reduced by -3.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest straw for fodder balers supplier in Africa, comprising 90% of total exports. The second position in the ranking was held by Zambia ($X), with a 2.7% share of total exports. It was followed by Tanzania, with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled +4.5%. In the other countries, the average annual rates were as follows: Zambia (+24.3% per year) and Tanzania (+12.3% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2021, remaining constant against the previous year. Over the period under review, the export price recorded a slight slump. The pace of growth was the most pronounced in 2014 an increase of 26%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 ($X per unit), while Zimbabwe ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zambia (+10.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports in Africa

In 2021, straw for fodder balers imports in Africa surged to X units, increasing by 29% on the year before. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 62% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, straw for fodder balers imports surged to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa represented the largest importing country with an import of around X units, which recorded 50% of total imports. Morocco (X units) ranks second in terms of the total imports with a 14% share, followed by Sudan (6.1%) and Tunisia (4.5%). Zimbabwe (X units), Libya (X units), Egypt (X units), Algeria (X units), Angola (X units) and Mayotte (X units) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of +5.7% from 2012 to 2021. At the same time, Mayotte (+41.7%), Angola (+21.5%), Zimbabwe (+18.1%), Algeria (+16.9%), Sudan (+15.9%), Libya (+12.3%) and Morocco (+7.4%) displayed positive paces of growth. Moreover, Mayotte emerged as the fastest-growing importer imported in Africa, with a CAGR of +41.7% from 2012-2021. By contrast, Tunisia (-9.2%) and Egypt (-11.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Africa, Sudan, Morocco, Zimbabwe, Mayotte and Libya increased by +7.3, +3.8, +3.7, +2.1, +1.5 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported straw or fodder balers, including pickup balers in Africa, comprising 60% of total imports. The second position in the ranking was held by Sudan ($X), with a 6% share of total imports. It was followed by Tunisia, with a 5% share.

In South Africa, straw for fodder balers imports expanded at an average annual rate of +3.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sudan (+9.1% per year) and Tunisia (-8.4% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2021, with an increase of 4.1% against the previous year. In general, the import price, however, continues to indicate a slight decline. The growth pace was the most rapid in 2016 when the import price increased by 44% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Angola ($X per unit), while Morocco ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Angola (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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