Africa: Winche And Capstan Market 2024

Winche And Capstan Market Size in Africa

The African winche and capstan market dropped modestly to $X in 2021, leveling off at the previous year. Over the period under review, consumption continues to indicate a pronounced expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Winche And Capstan Production in Africa

In value terms, winche and capstan production fell to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +7.2% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 57% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Winche And Capstan Exports

Exports in Africa

After two years of growth, shipments abroad of winches and capstans decreased by -81.3% to X units in 2021. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 248% against the previous year. As a result, the exports reached the peak of X units, and then dropped sharply in the following year.

In value terms, winche and capstan exports shrank dramatically to $X in 2021. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 59%. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

In 2021, Nigeria (X units), distantly followed by South Africa (X units), Algeria (X units), Congo (X units) and Angola (X units) were the key exporters of winches and capstans, together creating 81% of total exports. The following exporters - Ghana (X units) and Botswana (X units) - each reached a 5.5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Botswana (with a CAGR of +46.5%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Angola ($X) and Congo ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 58% of total exports. These countries were followed by Nigeria, Algeria, Botswana and Ghana, which together accounted for a further 17%.

Botswana, with a CAGR of +38.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per unit in 2021, growing by 141% against the previous year. In general, the export price continues to indicate a strong increase. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Angola ($X per unit), while Nigeria ($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 (+18.3%), while the other leaders experienced more modest paces of growth.

Winche And Capstan Imports

Imports in Africa

Winche and capstan imports declined slightly to X units in 2021, with a decrease of -2.4% compared with the previous year. In general, imports saw a noticeable contraction. The pace of growth was the most pronounced in 2016 with an increase of 99%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, winche and capstan imports rose sharply to $X in 2021. Over the period under review, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Africa (X units) represented the largest importer of winches and capstans, creating 47% of total imports. Nigeria (X units) took the second position in the ranking, followed by Morocco (X units), Algeria (X units) and Egypt (X units). All these countries together held approx. 29% share of total imports. Ghana (X units), Angola (X units), Democratic Republic of the Congo (X units), Tanzania (X units) and Cameroon (X units) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of winches and capstans. At the same time, Nigeria (+6.0%), Algeria (+4.3%) and Morocco (+2.4%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Africa, with a CAGR of +6.0% from 2012-2021. Ghana, Cameroon and Democratic Republic of the Congo experienced a relatively flat trend pattern. By contrast, Angola (-4.4%), Egypt (-8.2%) and Tanzania (-9.3%) illustrated a downward trend over the same period. While the share of South Africa (+16 p.p.), Nigeria (+6.9 p.p.), Morocco (+3.6 p.p.) and Algeria (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Egypt (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest winche and capstan importing markets in Africa were Egypt ($X), South Africa ($X) and Morocco ($X), together accounting for 39% of total imports. Nigeria, Algeria, Ghana, Angola, Democratic Republic of the Congo, Tanzania and Cameroon lagged somewhat behind, together comprising a further 35%.

Democratic Republic of the Congo, with a CAGR of +6.1%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in Africa stood at $X per unit in 2021, rising by 16% against the previous year. Import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, winche and capstan import price decreased by -4.8% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 132%. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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