SADC: Working Wire Machine Market 2024

Working Wire Machine Market Size in SADC

The SADC working wire machine market reduced to $X in 2021, with a decrease of -9.6% against the previous year. Over the period under review, consumption saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Working Wire Machine Production in SADC

In value terms, working wire machine production fell modestly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 62%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Working Wire Machine Exports

Exports in SADC

In 2021, shipments abroad of machines for working wire increased by 183% to X units, rising for the third consecutive year after two years of decline. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 192%. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, working wire machine exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt descent. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, recording X units, which was approx. 94% of total exports in 2021. The following exporters - Angola (X units) and Botswana (X units) - each reached a 3.7% share of total exports.

South Africa was also the fastest-growing in terms of the machines for working wire exports, with a CAGR of +8.8% from 2012 to 2021. At the same time, Botswana (+5.2%) displayed positive paces of growth. By contrast, Angola (-9.0%) illustrated a downward trend over the same period. South Africa (+14 p.p.) and Botswana (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Angola saw its share reduced by -5.9% from 2012 to 2021, respectively.

In value terms, South Africa ($X) remains the largest working wire machine supplier in SADC, comprising 80% of total exports. The second position in the ranking was taken by Angola ($X), with a 6.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to -3.3%. In the other countries, the average annual rates were as follows: Angola (+3.5% per year) and Botswana (+46.7% per year).

Export Prices by Country

In 2021, the export price in SADC amounted to $X per unit, increasing by 30% against the previous year. Overall, the export price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the export price increased by 100%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, 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 Angola ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Angola (+13.7%), while the other leaders experienced a decline in the export price figures.

Working Wire Machine Imports

Imports in SADC

In 2021, imports of machines for working wire in SADC shrank to X units, dropping by -1.8% on the previous year's figure. Overall, imports faced a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of 12,362%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, working wire machine imports skyrocketed to $X in 2021. In general, imports, however, saw a modest increase. The growth pace was the most rapid in 2013 when imports increased by 137% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa was the major importer of machines for working wire in SADC, with the volume of imports amounting to X units, which was near 44% of total imports in 2021. It was distantly followed by Angola (X units), Zimbabwe (X units), Zambia (X units), Tanzania (X units) and Botswana (X units), together constituting a 44% share of total imports. Swaziland (X units) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of -17.4% from 2012 to 2021. At the same time, Zimbabwe (+15.3%), Swaziland (+11.9%), Zambia (+11.2%) and Angola (+4.1%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in SADC, with a CAGR of +15.3% from 2012-2021. By contrast, Tanzania (-2.2%) and Botswana (-4.6%) illustrated a downward trend over the same period. While the share of Angola (+11 p.p.), Zimbabwe (+9.8 p.p.), Zambia (+6.8 p.p.), Tanzania (+3.9 p.p.), Swaziland (+2.9 p.p.) and Botswana (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Africa (-39.5 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported machines for working wire in SADC, comprising 81% of total imports. The second position in the ranking was held by Zimbabwe ($X), with a 9.5% share of total imports. It was followed by Tanzania, with a 3.1% share.

In South Africa, working wire machine imports increased at an average annual rate of +2.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Zimbabwe (+21.0% per year) and Tanzania (+2.8% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per unit, growing by 67% against the previous year. Overall, the import price showed a buoyant increase. The growth pace was the most rapid in 2016 when the import price increased by 15,152%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 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 South Africa (+23.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform