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

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

The South African non-numerically controlled sharpening machine market expanded rapidly to $X in 2022, growing by 5.8% against the previous year. In general, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.0% against 2020 indices. Non-numerically controlled sharpening machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, non-numerically controlled sharpening machine production reached $X in 2022 estimated in export price. In general, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.2% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 28% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from South Africa

In 2022, non-numerically controlled sharpening machine exports from South Africa dropped remarkably to X units, reducing by -27.2% against the previous year. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 177%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine exports shrank to $X in 2022. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 259% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Botswana (X units), Swaziland (X units) and Mozambique (X units) were the main destinations of non-numerically controlled sharpening machine exports from South Africa, with a combined 68% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Swaziland (with a CAGR of +27.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for non-numerically controlled sharpening machine exported from South Africa were Zambia ($X), Democratic Republic of the Congo ($X) and Botswana ($X), with a combined 49% share of total exports. Swaziland, Namibia, Lesotho, Mozambique, Zimbabwe, the United States and Kenya lagged somewhat behind, together comprising a further 32%.

Swaziland, with a CAGR of +20.8%, recorded the highest rates of growth with regard to 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

The average non-numerically controlled sharpening machine export price stood at $X per unit in 2022, surging by 26% against the previous year. Overall, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 57%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Swaziland ($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 the United States (+51.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into South Africa

In 2022, non-numerically controlled sharpening machine imports into South Africa rose slightly to X units, surging by 3% on the year before. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 227%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine imports reduced to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 51%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of non-numerically controlled sharpening machine to South Africa, accounting for a 61% share of total imports. Moreover, non-numerically controlled sharpening machine imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The United States (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.3% per year) and the United States (+16.9% per year).

In value terms, Sweden ($X), China ($X) and Switzerland ($X) appeared to be the largest non-numerically controlled sharpening machine suppliers to South Africa, together accounting for 64% of total imports. India, Poland and the United States lagged somewhat behind, together accounting for a further 25%.

India, with a CAGR of +69.9%, saw the highest rates of growth with regard to 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

The average non-numerically controlled sharpening machine import price stood at $X per unit in 2022, with a decrease of -9.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 196%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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