Africa: Transmission Shaft Market 2024

Transmission Shaft Market Size in Africa

The African transmission shaft market totaled $X in 2022, growing by 12% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Transmission Shaft Production in Africa

In value terms, transmission shaft production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +6.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 73% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Transmission Shaft Exports

Exports in Africa

In 2022, transmission shaft exports in Africa soared to X tons, jumping by 35% against the year before. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, transmission shaft exports reached $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 17%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tunisia (X tons) and South Africa (X tons) prevails in exports structure, together creating 86% of total exports. The following exporters - Togo (X tons) and Namibia (X tons) - together made up 5% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Togo (with a CAGR of +88.6%), while the other leaders experienced mixed trends in the exports figures.

In value terms, South Africa ($X) remains the largest transmission shaft supplier in Africa, comprising 75% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 12% share of total exports. It was followed by Namibia, with a 1.7% share.

In South Africa, transmission shaft exports decreased by an average annual rate of -2.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (+16.3% per year) and Namibia (+5.2% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, falling by -22.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by 41% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 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 ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+5.5%), while the other leaders experienced mixed trends in the export price figures.

Transmission Shaft Imports

Imports in Africa

In 2022, purchases abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by 41% to X tons, rising for the sixth consecutive year after four years of decline. Overall, imports recorded a tangible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, transmission shaft imports surged to $X in 2022. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria represented the main importer of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in Africa, with the volume of imports accounting for X tons, which was approx. 43% of total imports in 2022. It was distantly followed by South Africa (X tons) and Burkina Faso (X tons), together committing a 17% share of total imports. Morocco (X tons), Algeria (X tons), Ghana (X tons), Egypt (X tons), Tanzania (X tons) and Democratic Republic of the Congo (X tons) held a minor share of total imports.

Imports into Nigeria increased at an average annual rate of +13.6% from 2012 to 2022. At the same time, Burkina Faso (+26.5%), Ghana (+8.9%), Democratic Republic of the Congo (+7.6%), Morocco (+6.6%), Algeria (+3.1%) and Tanzania (+1.7%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Africa, with a CAGR of +26.5% from 2012-2022. South Africa experienced a relatively flat trend pattern. By contrast, Egypt (-3.3%) illustrated a downward trend over the same period. While the share of Nigeria (+26 p.p.) and Burkina Faso (+6.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (-3.3 p.p.) and South Africa (-3.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest transmission shaft importing markets in Africa were South Africa ($X), Nigeria ($X) and Egypt ($X), with a combined 49% share of total imports.

In terms of the main importing countries, Nigeria, with a CAGR of +12.6%, saw 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 ton in 2022, with a decrease of -17.4% against the previous year. Over the period under review, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2013 when the import price increased by 15% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 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 South Africa ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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