South Africa: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in South Africa

The South African machine-tool for working wood market contracted slightly to $X in 2021, almost unchanged from 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). In general, consumption, however, saw a abrupt decline. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports from South Africa

In 2021, exports of machine-tools for working wood from South Africa soared to X tons, picking up by 39% against 2020 figures. Over the period under review, exports, however, saw a deep reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for working wood exports skyrocketed to $X in 2021. Overall, exports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 26% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Zambia (X tons), Zimbabwe (X tons) and Namibia (X tons) were the main destinations of machine-tool for working wood exports from South Africa, with a combined 39% share of total exports. Mozambique, Malaysia, Democratic Republic of the Congo, Swaziland and Botswana lagged somewhat behind, together comprising a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +135.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for machine-tool for working wood exported from South Africa were Zambia ($X), Zimbabwe ($X) and Namibia ($X), with a combined 37% share of total exports. Mozambique, Malaysia, Democratic Republic of the Congo, Swaziland and Botswana lagged somewhat behind, together accounting for a further 48%.

Malaysia, with a CAGR of +151.4%, 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

In 2021, the average machine-tool for working wood export price amounted to $X per ton, shrinking by -17.4% against the previous year. Over the period under review, the export price, however, saw buoyant growth. The pace of growth appeared the most rapid in 2016 an increase of 89% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Botswana ($X per ton) and Mozambique ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) and Zambia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into South Africa

In 2021, after two years of decline, there was significant growth in overseas purchases of machine-tools for working wood, when their volume increased by 6.3% to X tons. In general, imports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 52% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, machine-tool for working wood imports amounted to $X in 2021. Over the period under review, imports, however, showed a noticeable descent. The growth pace was the most rapid in 2013 when imports increased by 39% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of machine-tool for working wood to South Africa, accounting for a 58% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), sevenfold. The third position in this ranking was held by Italy (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+12.2% per year) and Italy (-13.4% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working wood to South Africa, comprising 56% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.1% share of total imports. It was followed by Poland, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.6% per year) and Poland (+3.5% per year).

Import Prices by Country

The average machine-tool for working wood import price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the import price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of 43% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Italy ($X per ton), while the price for Poland ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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