Africa: Suspension System Market 2025

Suspension System Market Size in Africa

For the fifth consecutive year, the African suspension system market recorded growth in sales value, which increased by 2.8% to $X in 2022. The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by 8.4%. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Suspension System Production in Africa

In value terms, suspension system production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Suspension System Exports

Exports in Africa

In 2022, approx. X tons of suspension systems were exported in Africa; increasing by 4.8% on the previous year's figure. Total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, suspension system exports fell to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Morocco (X tons), South Africa (X tons) and Tunisia (X tons) represented roughly 98% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Morocco (with a CAGR of +110.8%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest suspension system supplying countries in Africa were South Africa ($X), Morocco ($X) and Tunisia ($X), together accounting for 98% of total exports.

Morocco, with a CAGR of +78.7%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, dropping by -8% against the previous year. In general, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-0.5%), while the other leaders experienced a decline in the export price figures.

Suspension System Imports

Imports in Africa

In 2022, supplies from abroad of suspension systems increased by 9.1% to X tons, rising for the seventh year in a row after two years of decline. Over the period under review, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 23% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, suspension system imports rose slightly to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.5% against 2015 indices. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Nigeria (X tons) and South Africa (X tons) represented the main importers of suspension systems in Africa, together resulting at near 44% of total imports. Algeria (X tons) ranks next in terms of the total imports with an 11% share, followed by Morocco (8.6%). Egypt (X tons), Ghana (X tons), Kenya (X tons), Zimbabwe (X tons), Libya (X tons), Tanzania (X tons) and Sudan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Morocco (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Morocco ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2022, with a combined 56% share of total imports.

Morocco, with a CAGR of +18.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, which is down by -6.4% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 20% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, 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 Egypt ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+3.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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