Africa: Underground Continuous-Action Elevator Market 2025

Underground Continuous-Action Elevator Market Size in Africa

The African underground continuous-action elevator market was finally on the rise to reach $X in 2021, after six years of decline. In general, consumption, however, saw a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Underground Continuous-Action Elevator Production in Africa

In value terms, underground continuous-action elevator production amounted to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 7.1% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Underground Continuous-Action Elevator Exports

Exports in Africa

Underground continuous-action elevator exports dropped rapidly to X units in 2021, which is down by -17.9% on the previous year. Overall, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 393% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, underground continuous-action elevator exports expanded sharply to $X in 2021. In general, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by 431%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Egypt was the major exporting country with an export of about X units, which reached 51% of total exports. Zambia (X units) ranks second in terms of the total exports with a 26% share, followed by South Africa (13%) and Benin (9.1%).

From 2012 to 2021, the biggest increases were recorded for Benin (with a CAGR of +158.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) remains the largest underground continuous-action elevator supplier in Africa, comprising 81% of total exports. The second position in the ranking was taken by South Africa ($X), with an 11% share of total exports. It was followed by Zambia, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value in Egypt stood at +68.4%. In the other countries, the average annual rates were as follows: South Africa (-36.8% per year) and Zambia (+25.5% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per unit, rising by 33% against the previous year. In general, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 174% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+46.7%), while the other leaders experienced more modest paces of growth.

Underground Continuous-Action Elevator Imports

Imports in Africa

Underground continuous-action elevator imports shrank modestly to X units in 2021, dropping by -4.5% against the year before. Total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 65%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, underground continuous-action elevator imports declined remarkably to $X in 2021. Overall, imports showed a slight slump. The growth pace was the most rapid in 2016 with an increase of 63%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Botswana (X units) and Egypt (X units) represented roughly 61% of total imports in 2021. Zambia (X units) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Algeria (7.7%). South Africa (X units), Democratic Republic of the Congo (X units), Senegal (X units) and Ethiopia (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +44.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest underground continuous-action elevator importing markets in Africa were Egypt ($X), Botswana ($X) and Zambia ($X), with a combined 56% share of total imports. Democratic Republic of the Congo, Algeria, South Africa, Senegal and Ethiopia lagged somewhat behind, together comprising a further 32%.

Democratic Republic of the Congo, with a CAGR of +42.6%, 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 2021, the import price in Africa amounted to $X per unit, waning by -13.7% against the previous year. In general, the import price showed a perceptible decline. The growth pace was the most rapid in 2016 when the import price increased by 26%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Democratic Republic of the Congo ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :