South Africa: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in South Africa

The South African market for machine-tools for working stone, ceramics, and concrete dropped remarkably to $X in 2022, with a decrease of -84.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt decrease. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from South Africa

In 2022, the amount of machine-tools for working stone, ceramics, and concrete exported from South Africa dropped rapidly to X units, with a decrease of -59.9% on the year before. Overall, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2018 with an increase of 95% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, machine tools for working stone exports shrank sharply to $X in 2022. Over the period under review, exports faced a precipitous contraction. The pace of growth appeared the most rapid in 2018 with an increase of 150% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for machine tools for working stone exports from South Africa, with a 37% share of total exports. Moreover, machine tools for working stone exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Botswana (X units), threefold. The third position in this ranking was held by Mozambique (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo amounted to +61.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+6.7% per year) and Mozambique (+4.0% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for machine-tools for working stone, ceramics, and concrete exports from South Africa, comprising 37% of total exports. The second position in the ranking was held by Botswana ($X), with a 12% share of total exports. It was followed by Mozambique, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo amounted to +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-11.5% per year) and Mozambique (-6.6% per year).

Export Prices by Country

In 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, jumping by 38% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mauritius ($X per unit) and Namibia ($X per unit), while the average price for exports to Lesotho ($X per unit) and Zambia ($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 Eritrea (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into South Africa

In 2022, machine tools for working stone imports into South Africa declined remarkably to X units, waning by -82% against 2021. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 360% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, machine tools for working stone imports reduced dramatically to $X in 2022. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 442% against the previous year. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest machine tools for working stone supplier to South Africa, accounting for a 41% share of total imports. Moreover, machine tools for working stone imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Germany (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-17.9% per year) and Germany (-4.7% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to South Africa, comprising 41% of total imports. The second position in the ranking was held by Italy ($X), with a 19% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.3% per year) and Germany (-2.0% per year).

Import Prices by Country

In 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, dropping by -12.7% against the previous year. Over the period under review, the import price, however, posted prominent growth. The growth pace was the most rapid in 2017 when the average import price increased by 56%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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