SADC: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in SADC

In 2021, the SADC machine-tool for working metal market increased by 18% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Machine Tools For Working Metal in SADC

In value terms, machine-tool for working metal production fell to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +83.8% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 43% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Exports of Machine Tools For Working Metal

Exports in SADC

In 2021, overseas shipments of machine tools for working metal decreased by -39.4% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 77%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, machine-tool for working metal exports reduced sharply to $X in 2021. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 99.9% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, reaching X units, which was near 97% of total exports in 2021. Botswana (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to machine-tool for working metal exports from South Africa stood at -6.4%. At the same time, Botswana (+6.6%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing exporter exported in SADC, with a CAGR of +6.6% from 2012-2021. While the share of South Africa (+1.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest machine-tool for working metal supplier in SADC, comprising 94% of total exports. The second position in the ranking was taken by Botswana ($X), with a 2.3% share of total exports.

In South Africa, machine-tool for working metal exports declined by an average annual rate of -6.7% over the period from 2012-2021.

Export Prices by Country

The export price in SADC stood at $X per unit in 2021, surging by 27% against the previous year. In general, the export price, however, showed a mild descent. The most prominent rate of growth was recorded in 2015 when the export price increased by 101% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Botswana ($X per unit), while South Africa totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Botswana (+5.1%).

Imports of Machine Tools For Working Metal

Imports in SADC

In 2021, the amount of machine tools for working metal imported in SADC skyrocketed to X units, picking up by 168% compared with the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, machine-tool for working metal imports skyrocketed to $X in 2021. Overall, imports continue to indicate a slight increase. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa prevails in imports structure, amounting to X units, which was approx. 78% of total imports in 2021. It was distantly followed by Tanzania (X units), constituting a 5.3% share of total imports. Zimbabwe (X units), Mauritius (X units), Botswana (X units), Namibia (X units) and Mozambique (X units) took a relatively small share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of machine tools for working metal. At the same time, Mozambique (+25.3%), Zimbabwe (+12.4%), Mauritius (+11.3%), Tanzania (+9.4%), Botswana (+6.6%) and Namibia (+6.1%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of +25.3% from 2012-2021. While the share of Tanzania (+3.1 p.p.), Zimbabwe (+2.3 p.p.), Mauritius (+1.9 p.p.) and Mozambique (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported machine tools for working metal in SADC, comprising 82% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 4.6% share of total imports. It was followed by Zimbabwe, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled +3.1%. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (+11.9% per year) and Zimbabwe (+14.4% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2021, dropping by -10.6% against the previous year. Import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, machine-tool for working metal import price decreased by -12.6% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 71% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 South Africa (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform