SADC: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in SADC

The SADC grinding and sharpening machine market stood at $X in 2022, increasing by 1.8% against the previous year. Over the period under review, consumption posted a buoyant increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Grinding And Sharpening Metal Finishing Machines in SADC

In value terms, grinding and sharpening machine production stood at $X in 2022 estimated in export price. In general, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 80% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports in SADC

In 2022, the amount of grinding and sharpening metal finishing machines exported in SADC shrank to X units, which is down by -5.3% on the previous year's figure. Over the period under review, exports recorded a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 157% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports amounted to $X in 2022. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 80%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, finishing at X units, which was approx. 93% of total exports in 2022. Mauritius (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to grinding and sharpening machine exports from South Africa stood at -15.6%. At the same time, Mauritius (+32.5%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of +32.5% from 2012-2022. From 2012 to 2022, the share of Mauritius increased by +1.9 percentage points.

In value terms, South Africa ($X) remains the largest grinding and sharpening machine supplier in SADC, comprising 85% of total exports. The second position in the ranking was held by Mauritius ($X), with a 0.5% share of total exports.

In South Africa, grinding and sharpening machine exports contracted by an average annual rate of -5.5% over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, increasing by 13% against the previous year. Over the period under review, the export price showed a strong increase. The growth pace was the most rapid in 2017 when the export price increased by 84%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+11.9%).

Imports of Grinding And Sharpening Metal Finishing Machines

Imports in SADC

In 2022, after three years of decline, there was significant growth in supplies from abroad of grinding and sharpening metal finishing machines, when their volume increased by 36% to X units. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 69%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, grinding and sharpening machine imports soared to $X in 2022. In general, imports, however, continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X units) was the key importer of grinding and sharpening metal finishing machines, committing 43% of total imports. Botswana (X units) ranks second in terms of the total imports with a 16% share, followed by Mozambique (13%), Mauritius (11%) and Zambia (5%). The following importers - Namibia (X units) and Swaziland (X units) - each finished at a 7.6% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to grinding and sharpening machine imports into South Africa stood at -3.3%. At the same time, Swaziland (+58.3%), Mauritius (+31.4%), Namibia (+28.6%) and Mozambique (+2.5%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing importer imported in SADC, with a CAGR of +58.3% from 2012-2022. By contrast, Botswana (-1.4%) and Zambia (-1.5%) illustrated a downward trend over the same period. While the share of Mauritius (+10 p.p.), Swaziland (+3.7 p.p.), Namibia (+3.5 p.p.) and Mozambique (+3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Botswana (-2.1 p.p.) and South Africa (-16.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported grinding and sharpening metal finishing machines in SADC, comprising 48% of total imports. The second position in the ranking was held by Botswana ($X), with a 13% share of total imports. It was followed by Namibia, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at -3.8%. In the other countries, the average annual rates were as follows: Botswana (+8.8% per year) and Namibia (-2.1% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, dropping by -14.3% against the previous year. Overall, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2019 an increase of 71% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Namibia ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+10.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform