South Africa: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in South Africa

For the third year in a row, the South African mechanical shovel and excavator market recorded growth in sales value, which increased by 1.6% to $X in 2021. Overall, consumption, however, enjoyed a slight increase. Mechanical shovel and excavator consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Mechanical Shovels, Excavators And Shovel Loaders in South Africa

In value terms, mechanical shovel and excavator production amounted to less than $X in 2021 estimated in export price. In general, production saw a dramatic contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 70%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from South Africa

In 2021, shipments abroad of mechanical shovels, excavators and shovel loaders increased by 793% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mechanical shovel and excavator exports surged to $X in 2021. Overall, exports, however, recorded a perceptible slump. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Swaziland (X units), Botswana (X units) and Zimbabwe (X units) were the main destinations of mechanical shovel and excavator exports from South Africa, with a combined 58% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Swaziland (with a CAGR of +68.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mechanical shovel and excavator exported from South Africa were Zimbabwe ($X), Zambia ($X) and Botswana ($X), with a combined 52% share of total exports. Namibia, Mozambique, Swaziland and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Swaziland, with a CAGR of +16.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average mechanical shovel and excavator export price stood at $X per unit in 2021, reducing by -80.8% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 an increase of 232%. As a result, the export price reached the peak level of $X per unit. From 2018 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, amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to Swaziland ($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 Zambia (-10.8%), while the prices for the other major destinations experienced a decline.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into South Africa

After two years of growth, overseas purchases of mechanical shovels, excavators and shovel loaders decreased by -23.3% to X units in 2021. In general, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.9% against 2018 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 69%. As a result, imports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, mechanical shovel and excavator imports skyrocketed to $X in 2021. Overall, imports continue to indicate a abrupt slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of mechanical shovel and excavator to South Africa, accounting for a 26% share of total imports. Moreover, mechanical shovel and excavator imports from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold. The third position in this ranking was taken by Turkey (X units), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+19.7% per year) and Turkey (+23.5% per year).

In value terms, China ($X) constituted the largest supplier of mechanical shovels, excavators and shovel loaders to South Africa, comprising 37% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-6.4% per year) and India (+27.2% per year).

Import Prices by Country

In 2021, the average mechanical shovel and excavator import price amounted to $X per unit, jumping by 121% against the previous year. Overall, the import price, however, saw a abrupt descent. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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