SADC: Market for Machine-Tools For Working Any Material By Removal Of Material 2025

Market Size for Machine-Tools For Working Any Material By Removal Of Material in SADC

The SADC machine-tool for removing material market soared to $X in 2021, growing by 108% against the previous year. In general, consumption showed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Machine-Tools For Working Any Material By Removal Of Material in SADC

In value terms, machine-tool for removing material production skyrocketed to $X in 2021 estimated in export price. In general, production showed a tangible increase. The growth pace was the most rapid in 2015 with an increase of 117%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in SADC

In 2021, shipments abroad of machine-tools for working any material by removal of material was finally on the rise to reach X units after two years of decline. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of 92% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, machine-tool for removing material exports surged to $X in 2021. Overall, exports recorded modest growth. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, resulting at X units, which was approx. 76% of total exports in 2021. It was distantly followed by Mauritius (X units), constituting a 9.5% share of total exports. Angola (X units), Botswana (X units) and Madagascar (X units) held a relatively small share of total exports.

South Africa was also the fastest-growing in terms of the machine-tools for working any material by removal of material exports, with a CAGR of +22.5% from 2012 to 2021. At the same time, Mauritius (+1.7%) displayed positive paces of growth. Angola and Madagascar experienced a relatively flat trend pattern. By contrast, Botswana (-4.4%) illustrated a downward trend over the same period. While the share of South Africa (+54 p.p.) and Madagascar (+2.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Angola (-3.3 p.p.), Botswana (-4.6 p.p.) and Mauritius (-5.2 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest machine-tool for removing material supplier in SADC, comprising 94% of total exports. The second position in the ranking was held by Botswana ($X), with a 2.2% share of total exports. It was followed by Mauritius, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to +4.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Botswana (-7.0% per year) and Mauritius (+5.5% per year).

Export Prices by Country

In 2021, the export price in SADC amounted to $X per unit, with an increase of 67% against the previous year. Over the period under review, the export price, however, saw a abrupt decrease. Over the period under review, the export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, 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 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 Mauritius (+3.2%), while the other leaders experienced a decline in the export price figures.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in SADC

In 2021, supplies from abroad of machine-tools for working any material by removal of material increased by 117% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 124% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, machine-tool for removing material imports soared to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 74%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

South Africa dominates imports structure, recording X units, which was approx. 92% of total imports in 2021. The following importers - Lesotho (X units) and Angola (X units) - each amounted to a 3.8% share of total imports.

South Africa was also the fastest-growing in terms of the machine-tools for working any material by removal of material imports, with a CAGR of +15.8% from 2012 to 2021. At the same time, Lesotho (+12.3%) displayed positive paces of growth. By contrast, Angola (-2.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Africa increased by +9.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported machine-tools for working any material by removal of material in SADC, comprising 87% of total imports. The second position in the ranking was taken by Angola ($X), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Angola (-5.9% per year) and Lesotho (+20.1% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per unit, reducing by -40.3% against the previous year. In general, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 68% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Angola ($X per unit), while Lesotho ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lesotho (+6.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform