South Africa: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in South Africa

In 2021, the South African non-numerically controlled drilling machine market decreased by -81.5% to $X, falling for the fifth year in a row after two years of growth. Overall, consumption showed a abrupt downturn. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in South Africa

In value terms, non-numerically controlled drilling machine production plummeted to $X in 2021 estimated in export price. Over the period under review, production recorded a dramatic descent. Non-numerically controlled drilling machine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from South Africa

In 2021, after five years of decline, there was significant growth in shipments abroad of non-numerically controlled drilling machines for working metal, when their volume increased by 447% to X tons. In general, exports, however, recorded a significant decrease. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, non-numerically controlled drilling machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a deep downturn. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mozambique (X tons), Botswana (X tons) and Zimbabwe (X tons) were the main destinations of non-numerically controlled drilling machine exports from South Africa, together comprising 70% of total exports. These countries were followed by Namibia, Malawi, Saudi Arabia, Democratic Republic of the Congo and Lesotho, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +58.9%), while the other leaders experienced mixed trend patterns.

In value terms, Mozambique ($X), Botswana ($X) and Zimbabwe ($X) constituted the largest markets for non-numerically controlled drilling machine exported from South Africa worldwide, with a combined 70% share of total exports. Namibia, Malawi, Saudi Arabia, Democratic Republic of the Congo and Lesotho lagged somewhat behind, together accounting for a further 20%.

Among the main countries of destination, Saudi Arabia, with a CAGR of +147.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-numerically controlled drilling machine export price stood at $X per ton in 2021, waning by -45.7% against the previous year. Overall, the export price, however, enjoyed significant growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 1,741% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Lesotho ($X per ton) and Namibia ($X per ton), while the average price for exports to Mozambique ($X per ton) and Democratic Republic of the Congo ($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 Saudi Arabia (+56.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into South Africa

For the sixth year in a row, South Africa recorded decline in overseas purchases of non-numerically controlled drilling machines for working metal, which decreased by -30.1% to X tons in 2021. Over the period under review, imports showed a abrupt setback. The growth pace was the most rapid in 2015 when imports increased by 121%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, non-numerically controlled drilling machine imports surged to $X in 2021. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 when imports increased by 49% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Italy (X tons) and Botswana (X tons) were the main suppliers of non-numerically controlled drilling machine imports to South Africa, with a combined 82% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +116.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Botswana ($X) constituted the largest non-numerically controlled drilling machine suppliers to South Africa, with a combined 73% share of total imports.

Italy, with a CAGR of +85.8%, recorded the highest growth rate of the value of imports, among 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 2021, the average non-numerically controlled drilling machine import price amounted to $X per ton, with an increase of 93% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Namibia ($X per ton) and the UK ($X per ton), while the price for China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Botswana (+33.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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