South Africa: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in South Africa

The South African machine tool for metal market soared to $X in 2021, increasing by 123% against the previous year. Over the period under review, consumption, however, saw a noticeable shrinkage. Machine tool for metal consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in South Africa

In value terms, machine tool for metal production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 8.5% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from South Africa

After two years of growth, shipments abroad of machine tools for working metal without removing metal decreased by -71.4% to X units in 2021. Over the period under review, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 51%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine tool for metal exports soared to $X in 2021. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 443%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Botswana (X units) was the main destination for machine tool for metal exports from South Africa, accounting for a 53% share of total exports. Moreover, machine tool for metal exports to Botswana exceeded the volume sent to the second major destination, Mozambique (X units), fourfold. The third position in this ranking was held by Zimbabwe (X units), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Botswana stood at +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+6.8% per year) and Zimbabwe (-0.9% per year).

In value terms, the largest markets for machine tool for metal exported from South Africa were Mozambique ($X), Botswana ($X) and Italy ($X), with a combined 45% share of total exports. Germany, Democratic Republic of the Congo, the United States, Zimbabwe, Belgium, Zambia, Lesotho and Namibia lagged somewhat behind, together accounting for a further 32%.

Belgium, with a CAGR of +159.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2021, picking up by 739% against the previous year. Over the period under review, the export price continues to indicate significant growth. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Namibia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into South Africa

In 2021, purchases abroad of machine tools for working metal without removing metal was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, faced a drastic downturn. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, machine tool for metal imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a deep downturn. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of machine tool for metal to South Africa, with a 81% share of total imports. Moreover, machine tool for metal imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.3% per year) and Italy (-41.7% per year).

In value terms, China ($X) constituted the largest supplier of machine tools for working metal without removing metal to South Africa, comprising 60% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.9% per year) and Italy (-35.3% per year).

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2021, shrinking by -2.2% against the previous year. Overall, the import price, however, showed a notable expansion. The pace of growth was the most pronounced in 2017 an increase of 293%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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