SADC: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in SADC

The SADC wood drilling machine market totaled $X in 2021, growing by 1.6% against the previous year. In general, consumption continues to indicate a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wood Drilling Machine Production in SADC

In value terms, wood drilling machine production reached $X in 2021 estimated in export price. In general, production saw buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 78% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Wood Drilling Machine Exports

Exports in SADC

Wood drilling machine exports declined dramatically to X units in 2021, shrinking by -63.8% on the previous year's figure. Over the period under review, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2015 when exports increased by 58% 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 failed to regain momentum.

In value terms, wood drilling machine exports declined dramatically to $X in 2021. In general, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 41%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, South Africa (X units) was the largest exporter of drilling or morticing machines, achieving 73% of total exports. It was distantly followed by Angola (X units), making up a 13% share of total exports. Swaziland (X units), Tanzania (X units), Mauritius (X units) and Namibia (X units) took a minor share of total exports.

Exports from South Africa decreased at an average annual rate of -28.6% from 2012 to 2021. At the same time, Angola (+36.1%) and Swaziland (+2.5%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of +36.1% from 2012-2021. By contrast, Mauritius (-10.8%), Namibia (-23.4%) and Tanzania (-35.4%) illustrated a downward trend over the same period. While the share of Angola (+13 p.p.), Swaziland (+3.9 p.p.) and Mauritius (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Tanzania (-5.5 p.p.) and South Africa (-13.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest wood drilling machine supplier in SADC, comprising 88% of total exports. The second position in the ranking was taken by Swaziland ($X), with a 1% share of total exports. It was followed by Namibia, with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa stood at -18.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Swaziland (-3.1% per year) and Namibia (-36.0% per year).

Export Prices by Country

In 2021, the export price in SADC amounted to $X per unit, declining by -17.5% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by 136% against the previous year. The level of export peaked at $X per unit in 2020, and then contracted sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+13.9%), while the other leaders experienced a decline in the export price figures.

Wood Drilling Machine Imports

Imports in SADC

In 2021, wood drilling machine imports in SADC declined sharply to X units, reducing by -35.4% against 2020. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 168% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, wood drilling machine imports declined sharply to $X in 2021. Over the period under review, imports showed a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 65%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

South Africa represented the main importer of drilling or morticing machines in SADC, with the volume of imports resulting at X units, which was near 47% of total imports in 2021. It was distantly followed by Mozambique (X units), Botswana (X units) and Mauritius (X units), together creating a 44% share of total imports. The following importers - Angola (X units) and Madagascar (X units) - together made up 4.1% of total imports.

From 2012 to 2021, the biggest increases were recorded for Mozambique (with a CAGR of +12.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported drilling or morticing machines in SADC, comprising 47% of total imports. The second position in the ranking was held by Angola ($X), with a 19% share of total imports. It was followed by Madagascar, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value in South Africa stood at -5.6%. In the other countries, the average annual rates were as follows: Angola (-8.0% per year) and Madagascar (+20.1% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2021, jumping by 29% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 45%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Angola ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+8.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform