SADC: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in SADC

In 2022, after five years of growth, there was significant decline in the SADC machine-tool for drilling market, when its value decreased by -8.2% to $X. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Machine-Tool For Drilling Production in SADC

In value terms, machine-tool for drilling production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 99.9% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Machine-Tool For Drilling Exports

Exports in SADC

In 2022, shipments abroad of machine-tools for drilling, boring or milling metal decreased by -55.6% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 456% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, machine-tool for drilling exports reduced dramatically to $X in 2022. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 175%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa was the major exporting country with an export of about X units, which finished at 52% of total exports. Tanzania (X units) took the second position in the ranking, followed by Swaziland (X units) and Angola (X units). All these countries together held near 40% share of total exports. The following exporters - Democratic Republic of the Congo (X units), Botswana (X units) and Zambia (X units) - together made up 7.2% of total exports.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for drilling exports from South Africa stood at -7.7%. At the same time, Swaziland (+46.9%), Angola (+33.1%), Democratic Republic of the Congo (+23.9%) and Tanzania (+1.6%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in SADC, with a CAGR of +46.9% from 2012-2022. By contrast, Botswana (-11.3%) and Zambia (-13.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Swaziland, Angola, Tanzania and Democratic Republic of the Congo increased by +15, +8.3, +7.9 and +3.3 percentage points, respectively.

In value terms, South Africa ($X) remains the largest machine-tool for drilling supplier in SADC, comprising 52% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 12% share of total exports. It was followed by Zambia, with an 8.6% share.

In South Africa, machine-tool for drilling exports decreased by an average annual rate of -15.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (-10.9% per year) and Zambia (-11.2% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, shrinking by -13.1% against the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when the export price increased by 234% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Zambia ($X per unit), while Swaziland ($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 (+7.0%), while the other leaders experienced mixed trends in the export price figures.

Machine-Tool For Drilling Imports

Imports in SADC

In 2022, machine-tool for drilling imports in SADC reduced markedly to X units, falling by -31.9% against the previous year's figure. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by 237%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for drilling imports reduced to $X in 2022. Over the period under review, imports showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X units) represented the major importer of machine-tools for drilling, boring or milling metal, constituting 50% of total imports. Botswana (X units) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Namibia (10%) and Mozambique (7%). Mauritius (X units), Lesotho (X units) and Angola (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for drilling imports into South Africa stood at -1.9%. At the same time, Mauritius (+16.9%) and Botswana (+8.8%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in SADC, with a CAGR of +16.9% from 2012-2022. By contrast, Namibia (-1.8%), Angola (-7.2%), Lesotho (-14.3%) and Mozambique (-14.7%) illustrated a downward trend over the same period. South Africa (+17 p.p.), Botswana (+10 p.p.), Namibia (+3.5 p.p.) and Mauritius (+3.2 p.p.) significantly strengthened its position in terms of the total imports, while Lesotho and Mozambique saw its share reduced by -4.4% and -11.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Botswana ($X) and Angola ($X) were the countries with the highest levels of imports in 2022, together comprising 76% of total imports. Mozambique, Namibia, Lesotho and Mauritius lagged somewhat behind, together comprising a further 8.3%.

In terms of the main importing countries, Mauritius, with a CAGR of +11.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, with an increase of 27% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 227% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (+15.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform