SADC: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in SADC

In 2021, the SADC lathe for removing metal market increased by 0.9% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Production of Lathes For Removing Metal in SADC

In value terms, lathe for removing metal production fell to $X in 2021 estimated in export price. In general, production, however, continues to indicate a significant increase. The growth pace was the most rapid in 2016 with an increase of 178% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports in SADC

In 2021, shipments abroad of lathes for removing metal increased by 47% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 162% against the previous year. Over the period under review, the lafor removing metal exports reached the peak figure at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, lathe for removing metal exports soared to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Zambia (X units) and South Africa (X units) were the largest exporters of lathes for removing metal in SADC, together creating 72% of total exports. It was distantly followed by Swaziland (X units), Mauritius (X units) and Mozambique (X units), together constituting a 25% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Mauritius (with a CAGR of +49.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest lathe for removing metal supplier in SADC, comprising 62% of total exports. The second position in the ranking was held by Swaziland ($X), with a 21% share of total exports. It was followed by Zambia, with a 13% share.

In South Africa, lathe for removing metal exports decreased by an average annual rate of -4.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Swaziland (+29.7% per year) and Zambia (+22.2% per year).

Export Prices by Country

In 2021, the export price in SADC amounted to $X per unit, picking up by 22% against the previous year. Overall, the export price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of 164% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, 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 ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Swaziland (+25.6%), while the other leaders experienced a decline in the export price figures.

Imports of Lathes For Removing Metal

Imports in SADC

In 2021, approx. X units of lathes for removing metal were imported in SADC; growing by 141% against the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal imports soared to $X in 2021. In general, imports, however, saw a abrupt curtailment. Over the period under review, lafor removing metal imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Tanzania (X units) represented the key importer of lathes for removing metal, committing 46% of total imports. South Africa (X units) took the second position in the ranking, distantly followed by Mozambique (X units) and Zambia (X units). All these countries together took near 41% share of total imports. Botswana (X units), Madagascar (X units) and Zimbabwe (X units) held a relatively small share of total imports.

Imports into Tanzania increased at an average annual rate of +12.8% from 2012 to 2021. At the same time, Zambia (+20.0%), Madagascar (+18.9%), Zimbabwe (+11.3%) and Mozambique (+6.7%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in SADC, with a CAGR of +20.0% from 2012-2021. Botswana experienced a relatively flat trend pattern. By contrast, South Africa (-11.2%) illustrated a downward trend over the same period. While the share of Tanzania (+31 p.p.), Zambia (+5.9 p.p.), Mozambique (+4.8 p.p.) and Madagascar (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Africa (-45 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported lathes for removing metal in SADC, comprising 65% of total imports. The second position in the ranking was held by Tanzania ($X), with a 15% share of total imports. It was followed by Zambia, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value in South Africa stood at -9.6%. In the other countries, the average annual rates were as follows: Tanzania (-0.6% per year) and Zambia (+8.1% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2021, which is down by -36.8% against the previous year. Overall, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2015 when the import price increased by 70%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zimbabwe (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform