SADC: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in SADC

The SADC fats preparation machinery market dropped rapidly to $X in 2022, which is down by -48.9% against the previous year. In general, consumption recorded a perceptible slump. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Fats Preparation Machinery Production in SADC

In value terms, fats preparation machinery production skyrocketed to $X in 2022 estimated in export price. Overall, production posted a prominent expansion. The growth pace was the most rapid in 2019 when the production volume increased by 107%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Fats Preparation Machinery Exports

Exports in SADC

In 2022, overseas shipments of machinery for the extraction or preparation of animal or fixed vegetable fats or oils decreased by -69.3% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 472% against the previous year. As a result, the exports reached the peak of X units, and then fell rapidly in the following year.

In value terms, fats preparation machinery exports surged to $X in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 261% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

In 2022, South Africa (X units) represented the largest exporter of machinery for the extraction or preparation of animal or fixed vegetable fats or oils, committing 71% of total exports. It was distantly followed by Namibia (X units), generating a 27% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fats preparation machinery exports from South Africa stood at +40.1%. At the same time, Namibia (+47.6%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +47.6% from 2012-2022. South Africa (+49 p.p.) and Namibia (+22 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest fats preparation machinery supplier in SADC, comprising 86% of total exports. The second position in the ranking was taken by Namibia ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at +45.3%.

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, picking up by 413% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 Namibia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+6.3%).

Fats Preparation Machinery Imports

Imports in SADC

In 2022, the amount of machinery for the extraction or preparation of animal or fixed vegetable fats or oils imported in SADC reduced markedly to X units, which is down by -89.6% compared with the year before. Over the period under review, imports faced a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 1,811%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fats preparation machinery imports soared to $X in 2022. In general, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 73%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa represented the main importing country with an import of about X units, which finished at 51% of total imports. Tanzania (X units) ranks second in terms of the total imports with a 15% share, followed by Zimbabwe (14%) and Mozambique (8.1%). Malawi (X units), Angola (X units) and Zambia (X units) took a little share of total imports.

Imports into South Africa decreased at an average annual rate of -26.4% from 2012 to 2022. At the same time, Zimbabwe (+34.7%), Tanzania (+23.5%), Malawi (+13.3%), Mozambique (+11.4%) and Angola (+9.0%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in SADC, with a CAGR of +34.7% from 2012-2022. By contrast, Zambia (-9.1%) illustrated a downward trend over the same period. While the share of Tanzania (+15 p.p.), Zimbabwe (+14 p.p.), Mozambique (+7.8 p.p.), Malawi (+3.7 p.p.), Angola (+2 p.p.) and Zambia (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (-47.4 p.p.) displayed negative dynamics.

In value terms, the largest fats preparation machinery importing markets in SADC were South Africa ($X), Zimbabwe ($X) and Mozambique ($X), together comprising 60% of total imports.

Zimbabwe, with a CAGR of +32.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, picking up by 1,248% against the previous year. Overall, the import price saw a significant increase. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+24.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform