SADC: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in SADC

The SADC market for forage harvesters and other harvesting machines dropped slightly to $X in 2021, approximately reflecting the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Forage Harvesters and Other Harvesting Machines in SADC

In value terms, production of forage harvesters and other harvesting machines declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 32% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Forage Harvesters and Other Harvesting Machines

Exports in SADC

In 2021, exports of forage harvesters and other harvesting machines in SADC skyrocketed to X units, rising by 47% against 2020. In general, exports, however, faced a abrupt slump. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of forage harvesters and other harvesting machines skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2014 when exports increased by 53% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in machines structure, finishing at X units, which was near 85% of total exports in 2021. It was distantly followed by Zambia (X units), achieving a 7.5% share of total exports. Swaziland (X units) and Mozambique (X units) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to forage harvesters and other harvesting machines exports from South Africa stood at -13.9%. At the same time, Zambia (+16.7%) and Mozambique (+14.9%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +16.7% from 2012-2021. By contrast, Swaziland (-11.5%) illustrated a downward trend over the same period. While the share of Zambia (+7 p.p.) and Mozambique (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Africa (-10.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest forage harvesters and other harvesting machines supplier in SADC, comprising 86% of total exports. The second position in the ranking was held by Zambia ($X), with a 6% share of total exports. It was followed by Mozambique, with a 3.7% share.

In South Africa, exports of forage harvesters and other harvesting machines contracted by an average annual rate of -7.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Zambia (+27.2% per year) and Mozambique (+53.5% per year).

Export Prices by Country

In 2021, the export price in SADC amounted to $X per unit, approximately equating the previous year. Export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for forage harvesters and other harvesting machines increased by +115.7% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 65%. The level of export peaked at $X per unit in 2020, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while Zambia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Swaziland (+19.2%), while the other leaders experienced more modest paces of growth.

Imports of Forage Harvesters and Other Harvesting Machines

Imports in SADC

In 2021, imports of forage harvesters and other harvesting machines in SADC surged to X units, jumping by 49% compared with the previous year's figure. Total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of forage harvesters and other harvesting machines skyrocketed to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

South Africa dominates machines structure, resulting at X units, which was near 63% of total imports in 2021. Zimbabwe (X units) took a 9.8% share (based on physical terms) of total imports, which put it in second place, followed by Botswana (8.7%) and Angola (7.6%). The following importers - Mauritius (X units), Tanzania (X units), Malawi (X units) and Mozambique (X units) - each reached a 6.8% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to forage harvesters and other harvesting machines imports into South Africa stood at +6.7%. At the same time, Botswana (+14.3%), Mozambique (+9.9%), Malawi (+6.4%), Zimbabwe (+5.2%) and Angola (+2.9%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of +14.3% from 2012-2021. By contrast, Mauritius (-5.9%) and Tanzania (-9.9%) illustrated a downward trend over the same period. South Africa (+19 p.p.), Botswana (+5.4 p.p.) and Zimbabwe (+2 p.p.) significantly strengthened its position in terms of the total imports, while Mauritius and Tanzania saw its share reduced by -2.5% and -3.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported forage harvesters and other harvesting machines in SADC, comprising 74% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with an 8.2% share of total imports. It was followed by Angola, with a 4.4% share.

In South Africa, imports of forage harvesters and other harvesting machines increased at an average annual rate of +3.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Zimbabwe (+3.7% per year) and Angola (-5.2% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per unit, falling by -9.8% against the previous year. Over the period under review, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by 10%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, 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 Tanzania ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malawi (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform