South Africa: Grinding Machine Market 2024

Grinding Machine Market Size in South Africa

In 2021, after two years of growth, there was significant decline in the South African grinding machine market, when its value decreased by -37.5% to $X. Over the period under review, consumption, however, recorded perceptible growth. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Grinding Machine Production in South Africa

In value terms, grinding machine production contracted notably to $X in 2021 estimated in export price. In general, production, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 612%. Over the period under review, production hit record highs at $X in 2020, and then contracted remarkably in the following year.

Grinding Machine Exports

Exports from South Africa

In 2021, after two years of decline, there was significant growth in overseas shipments of machines having individual functions, for mixing, kneading, crushing or grinding, when their volume increased by 116% to X units. Overall, exports enjoyed notable growth. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, grinding machine exports rose significantly to $X in 2021. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 195% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Zambia (X units), Swaziland (X units) and Democratic Republic of the Congo (X units) were the main destinations of grinding machine exports from South Africa, with a combined 52% share of total exports. Zimbabwe, Brazil, Mozambique, Botswana, Namibia, Tanzania, Nigeria and Malawi lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +68.3%), while the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X) remains the key foreign market for machines having individual functions, for mixing, kneading, crushing or grinding exports from South Africa, comprising 21% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 10% share of total exports. It was followed by Zambia, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to Zimbabwe stood at -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-7.0% per year) and Zambia (-6.3% per year).

Export Prices by Country

In 2021, the average grinding machine export price amounted to $X per unit, declining by -47.8% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth appeared the most rapid in 2019 an increase of 271%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Zambia ($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 (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Grinding Machine Imports

Imports into South Africa

In 2021, supplies from abroad of machines having individual functions, for mixing, kneading, crushing or grinding was finally on the rise to reach X units after four years of decline. Over the period under review, imports, however, continue to indicate a abrupt slump. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, grinding machine imports soared to $X in 2021. Overall, imports, however, saw a noticeable curtailment. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and the Netherlands (X units) were the main suppliers of grinding machine imports to South Africa, together accounting for 72% of total imports. These countries were followed by Italy, Switzerland, Australia, the United States, Hong Kong SAR, the UK, France, India, Denmark and South Korea, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +59.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding machine suppliers to South Africa were China ($X), Germany ($X) and Australia ($X), with a combined 56% share of total imports.

Australia, with a CAGR of +74.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grinding machine import price stood at $X per unit in 2021, rising by 2.1% against the previous year. Over the period under review, the import price posted a strong expansion. The pace of growth was the most pronounced in 2018 an increase of 61% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+42.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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