SADC: Grinding Machine Market 2024

Grinding Machine Market Size in SADC

In 2021, the SADC grinding machine market decreased by -4.3% to $X for the first time since 2017, thus ending a three-year rising trend. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +30.9% against 2017 indices. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Grinding Machine Production in SADC

In value terms, grinding machine production declined to $X in 2021 estimated in export price. In general, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 257%. The level of production peaked at $X in 2020, and then dropped in the following year.

Grinding Machine Exports

Exports in SADC

In 2021, shipments abroad of machines having individual functions, for mixing, kneading, crushing or grinding was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports recorded pronounced growth. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, grinding machine exports expanded markedly to $X in 2021. In general, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 155% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, recording X units, which was near 95% of total exports in 2021. Zambia (X units) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of +4.4% from 2012 to 2021. At the same time, Zambia (+5.3%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +5.3% from 2012-2021. South Africa (+2.3 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 ($X) remains the largest grinding machine supplier in SADC, comprising 86% of total exports. The second position in the ranking was taken by Zambia ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to -5.6%.

Export Prices by Country

The export price in SADC stood at $X per unit in 2021, reducing by -45.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when the export price increased by 216% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per unit), while Zambia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zambia (-9.0%).

Grinding Machine Imports

Imports in SADC

In 2021, grinding machine imports in SADC soared to X units, rising by 32% compared with 2020. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 79%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, grinding machine imports soared to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 79%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Zimbabwe (X units) was the largest importer of machines having individual functions, for mixing, kneading, crushing or grinding, mixing up 42% of total imports. South Africa (X units) ranks second in terms of the total imports with a 25% share, followed by Angola (15%), Zambia (7.8%) and Tanzania (5.2%). Mozambique (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Zimbabwe (with a CAGR of +16.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported machines having individual functions, for mixing, kneading, crushing or grinding in SADC, comprising 45% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with a 21% share of total imports. It was followed by Angola, with a 13% share.

In South Africa, grinding machine imports plunged by an average annual rate of -2.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Zimbabwe (+17.9% per year) and Angola (+6.6% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per unit, rising by 25% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 28%. Over the period under review, import prices reached the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Africa ($X per unit), while Zambia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform