South Africa: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in South Africa

The South African agricultural forestry machinery market totaled $X in 2022, surging by 3.9% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.8% against 2020 indices. Agricultural forestry machinery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Agricultural Forestry Machinery Production in South Africa

In value terms, agricultural forestry machinery production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 25% against the previous year. Agricultural forestry machinery production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Agricultural Forestry Machinery Exports

Exports from South Africa

In 2022, overseas shipments of agricultural forestry machinery (lawn or sportsground rollers) increased by 8.5% to X units, rising for the second consecutive year after eight years of decline. Overall, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 52%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, agricultural forestry machinery exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 40% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X units), Democratic Republic of the Congo (X units) and Zambia (X units) were the main destinations of agricultural forestry machinery exports from South Africa, with a combined 43% share of total exports. These countries were followed by Lithuania, Ghana, Swaziland, Mozambique, Zimbabwe, Guinea, Botswana, Belgium, Kenya and Malawi, which together accounted for a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guinea (with a CAGR of +51.0%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Zambia ($X) and Democratic Republic of the Congo ($X) appeared to be the largest markets for agricultural forestry machinery exported from South Africa worldwide, with a combined 43% share of total exports. These countries were followed by Lithuania, Ghana, Swaziland, Mozambique, Zimbabwe, Guinea, Botswana, Belgium, Kenya and Malawi, which together accounted for a further 48%.

Among the main countries of destination, Guinea, with a CAGR of +57.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average agricultural forestry machinery export price amounted to $X per unit, picking up by 20% against the previous year. Overall, the export price recorded a prominent increase. The pace of growth was the most pronounced in 2013 an increase of 51% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Ghana ($X per unit) and Namibia ($X per unit), while the average price for exports to Zambia ($X per unit) and Mozambique ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports into South Africa

In 2022, agricultural forestry machinery imports into South Africa shrank slightly to X units, which is down by -1.8% against 2021. In general, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 38%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, agricultural forestry machinery imports amounted to $X in 2022. Overall, imports showed a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of agricultural forestry machinery to South Africa, with a 38% share of total imports. Moreover, agricultural forestry machinery imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by Turkey (X units), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.0% per year) and Turkey (+45.5% per year).

In value terms, the United States ($X) constituted the largest supplier of agricultural forestry machinery (lawn or sportsground rollers) to South Africa, comprising 38% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Turkey, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.6% per year) and Turkey (+49.7% per year).

Import Prices by Country

In 2022, the average agricultural forestry machinery import price amounted to $X per unit, growing by 7.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 an increase of 37% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per unit) and Australia ($X per unit), while the price for Italy ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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