South Africa: Machine-Tool For Drilling Market 2025

Machine-Tool For Drilling Market Size in South Africa

In 2022, the South African machine-tool for drilling market decreased by -22.3% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, posted a tangible expansion. Machine-tool for drilling consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Machine-Tool For Drilling Production in South Africa

In value terms, machine-tool for drilling production declined dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 131%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Machine-Tool For Drilling Exports

Exports from South Africa

In 2022, overseas shipments of machine-tools for drilling, boring or milling metal decreased by -73.6% to X units, falling for the second year in a row after three years of growth. Overall, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by 1,938%. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, machine-tool for drilling exports contracted markedly to $X in 2022. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 342%. 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

Botswana (X units), Lesotho (X units) and Saudi Arabia (X units) were the main destinations of machine-tool for drilling exports from South Africa.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +4,900.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for drilling exported from South Africa were Zimbabwe ($X), Democratic Republic of the Congo ($X) and Zambia ($X), together comprising 44% of total exports. Namibia, Botswana, Lesotho, Swaziland, Mozambique, Tanzania, Morocco and Saudi Arabia lagged somewhat behind, together accounting for a further 56%.

Saudi Arabia, with a CAGR of +46.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, with a decrease of -10.8% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2015 an increase of 767% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Saudi Arabia ($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 Senegal (+18.8%), while the prices for the other major destinations experienced a decline.

Machine-Tool For Drilling Imports

Imports into South Africa

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were imported into South Africa; reducing by -36.5% against the previous year's figure. Overall, imports showed a mild decrease. The most prominent rate of growth was recorded in 2020 with an increase of 462%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, machine-tool for drilling imports shrank markedly to $X in 2022. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for drilling supplier to South Africa, with a 76% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+66.4% per year) and Taiwan (Chinese) (+1.9% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for drilling, boring or milling metal to South Africa, comprising 39% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 18% share of total imports. It was followed by Spain, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-7.8% per year) and Spain (+6.6% per year).

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, growing by 20% against the previous year. In general, the import price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 174%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+32.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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