South Africa: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in South Africa

The South African grinding and sharpening machine market rose modestly to $X in 2022, increasing by 4.3% against the previous year. Over the period under review, consumption, however, continues to indicate prominent growth. Grinding and sharpening machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Grinding And Sharpening Metal Finishing Machines in South Africa

In value terms, grinding and sharpening machine production reduced slightly to $X in 2022 estimated in export price. In general, production, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 61% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from South Africa

In 2022, approx. X units of grinding and sharpening metal finishing machines were exported from South Africa; declining by -8.5% on 2021 figures. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 175%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, grinding and sharpening machine exports amounted to $X in 2022. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 80%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Swaziland (X units), Botswana (X units) and Germany (X units) were the main destinations of grinding and sharpening machine exports from South Africa, together accounting for 68% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +76.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Swaziland ($X), Germany ($X) and Zambia ($X) appeared to be the largest markets for grinding and sharpening machine exported from South Africa worldwide, together comprising 48% of total exports.

Among the main countries of destination, Swaziland, with a CAGR of +22.7%, recorded the highest growth rate of 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

The average grinding and sharpening machine export price stood at $X per unit in 2022, growing by 24% against the previous year. Over the period under review, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 118%. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Kenya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into South Africa

In 2022, the amount of grinding and sharpening metal finishing machines imported into South Africa fell to X units, declining by -8.7% against the previous year's figure. Over the period under review, imports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 210%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, grinding and sharpening machine imports skyrocketed to $X in 2022. In general, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2019 when imports increased by 64%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Poland (X units) and Swaziland (X units) were the main suppliers of grinding and sharpening machine imports to South Africa, together comprising 78% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +25.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding and sharpening machine suppliers to South Africa were Germany ($X), China ($X) and Switzerland ($X), together comprising 57% of total imports. Swaziland, Sweden, Taiwan (Chinese), the United States, Poland, the UK and Australia lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, Swaziland, with a CAGR of +98.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grinding and sharpening machine import price stood at $X per unit in 2022, with an increase of 38% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 186%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (+79.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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