SADC: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in SADC

In 2021, the SADC machine-tool for working wood market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a noticeable reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Machine-Tools For Working Wood in SADC

In value terms, machine-tool for working wood production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports in SADC

Machine-tool for working wood exports skyrocketed to X tons in 2021, increasing by 19% against 2020. In general, exports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of 47%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for working wood exports rose remarkably to $X in 2021. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 19% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, resulting at X tons, which was approx. 90% of total exports in 2021. It was distantly followed by Mozambique (X tons), making up a 4.8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to machine-tool for working wood exports from South Africa stood at -11.0%. At the same time, Mozambique (+2.4%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of +2.4% from 2012-2021. While the share of Mozambique (+3.4 p.p.) and South Africa (+2.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest machine-tool for working wood supplier in SADC, comprising 91% of total exports. The second position in the ranking was held by Mozambique ($X), with a 4.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa totaled -4.5%.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, dropping by -8% against the previous year. In general, the export price, however, enjoyed prominent growth. The growth pace was the most rapid in 2016 when the export price increased by 77% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mozambique amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+7.4%).

Imports of Machine-Tools For Working Wood

Imports in SADC

In 2021, after two years of decline, there was significant growth in purchases abroad of machine-tools for working wood, when their volume increased by 33% to X tons. Over the period under review, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 35%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, machine-tool for working wood imports surged to $X in 2021. Overall, imports, however, saw a perceptible downturn. The growth pace was the most rapid in 2018 with an increase of 27% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Africa (X tons), distantly followed by Tanzania (X tons), Angola (X tons), Zambia (X tons) and Democratic Republic of the Congo (X tons) were the largest importers of machine-tools for working wood, together making up 81% of total imports. Mauritius (X tons) and Mozambique (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mauritius (with a CAGR of +17.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported machine-tools for working wood in SADC, comprising 55% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 9.9% share of total imports. It was followed by Angola, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value in South Africa stood at -2.8%. In the other countries, the average annual rates were as follows: Tanzania (+7.3% per year) and Angola (-14.5% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, waning by -9.3% against the previous year. Import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.6% 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 wood import price decreased by -14.4% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 27% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform