South Africa: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in South Africa

The South African milling industry machinery market soared to $X in 2022, with an increase of X% against the previous year. In general, consumption posted significant growth. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Milling Industry Machinery Production in South Africa

In value terms, milling industry machinery production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Milling Industry Machinery Exports

Exports from South Africa

In 2022, shipments abroad of milling industry machinery increased by X% to X units, rising for the third consecutive year after two years of decline. In general, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, milling industry machinery exports surged to $X in 2022. Overall, exports, however, continue to indicate a deep contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Zimbabwe (X units), Namibia (X units) and Swaziland (X units) were the main destinations of milling industry machinery exports from South Africa, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Namibia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X) emerged as the key foreign market for milling industry machinery exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Swaziland ($X), with an X% share of total exports. It was followed by Namibia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zimbabwe amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (X% per year) and Namibia (X% per year).

Export Prices by Country

The average milling industry machinery export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price saw a temperate increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Malawi ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (X%), while the prices for the other major destinations experienced more modest paces of growth.

Milling Industry Machinery Imports

Imports into South Africa

In 2022, supplies from abroad of milling industry machinery increased by X% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, imports showed a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, milling industry machinery imports surged to $X in 2022. In general, imports continue to indicate notable growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest milling industry machinery supplier to South Africa, with a X% share of total imports. Moreover, milling industry machinery imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X units), fourfold. Switzerland (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Switzerland (X% per year).

In value terms, China ($X), Switzerland ($X) and Belgium ($X) constituted the largest milling industry machinery suppliers to South Africa, with a combined X% share of total imports. Denmark, the United States, the Czech Republic, Latvia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, saw 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

In 2022, the average milling industry machinery import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price showed a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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