South Africa: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in South Africa

In 2022, the South African stone polishing machine market increased by 35% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption continues to indicate a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Stone Polishing Machine Production in South Africa

In value terms, stone polishing machine production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 84,950,500%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Stone Polishing Machine Exports

Exports from South Africa

In 2022, exports of grinding or polishing machines for working stone, ceramics and concrete from South Africa surged to X units, jumping by 26% on the previous year's figure. In general, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 118% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, stone polishing machine exports contracted sharply to $X in 2022. Over the period under review, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by 49% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mozambique (X units) was the main destination for stone polishing machine exports from South Africa, with a 59% share of total exports. Moreover, stone polishing machine exports to Mozambique exceeded the volume sent to the second major destination, Bahrain (X units), fourfold. The third position in this ranking was taken by Botswana (X units), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mozambique totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+18.8% per year) and Botswana (+1.6% per year).

In value terms, Mozambique ($X), Botswana ($X) and Zimbabwe ($X) appeared to be the largest markets for stone polishing machine exported from South Africa worldwide, together accounting for 61% of total exports. Bahrain, Zambia, Democratic Republic of the Congo, Kenya, Namibia and Swaziland lagged somewhat behind, together accounting for a further 36%.

In terms of the main countries of destination, Kenya, with a CAGR of +19.2%, 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 stone polishing machine export price stood at $X per unit in 2022, shrinking by -52.2% against the previous year. Overall, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2017 an increase of 62%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Mozambique ($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 Zimbabwe (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into South Africa

In 2022, purchases abroad of grinding or polishing machines for working stone, ceramics and concrete increased by 24% to X units, rising for the second year in a row after two years of decline. In general, imports, however, saw a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of 282%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, stone polishing machine imports skyrocketed to $X in 2022. Overall, imports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 191% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest stone polishing machine supplier to South Africa, accounting for a 67% share of total imports. Moreover, stone polishing machine imports from Italy exceeded the figures recorded by the second-largest supplier, France (X units), fivefold. The third position in this ranking was held by China (X units), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+15.0% per year) and China (-6.6% per year).

In value terms, Italy ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to South Africa, comprising 58% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by France, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.1% per year) and France (-6.5% per year).

Import Prices by Country

The average stone polishing machine import price stood at $X per unit in 2022, which is down by -2.5% against the previous year. In general, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2015 an increase of 74%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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