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

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

In 2021, the South African numerically controlled drilling machine market decreased by -11% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, continues to indicate a prominent increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

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

In value terms, numerically controlled drilling machine production declined modestly to $X in 2021 estimated in export price. In general, production, however, posted a prominent expansion. The growth pace was the most rapid in 2018 when the production volume increased by 41%. Numerically controlled drilling machine production peaked at $X in 2020, and then fell modestly in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from South Africa

In 2021, overseas shipments of numerically controlled drilling machines for working metal decreased by -46% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 298% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, numerically controlled drilling machine exports dropped significantly to $X in 2021. In general, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2019 with an increase of 328%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Lesotho (X kg), Namibia (X kg) and Swaziland (X kg) were the main destinations of numerically controlled drilling machine exports from South Africa, with a combined 80% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Namibia (with a CAGR of +24.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Lesotho ($X), Namibia ($X) and Swaziland ($X) appeared to be the largest markets for numerically controlled drilling machine exported from South Africa worldwide, together accounting for 80% of total exports.

Among the main countries of destination, Namibia, with a CAGR of +29.3%, 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 numerically controlled drilling machine export price stood at $X per ton in 2021, declining by -17.7% against the previous year. In general, the export price, however, posted tangible growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 73% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, the highest price was recorded for prices to Botswana ($X per ton) and Zambia ($X per ton), while the average price for exports to Swaziland ($X per ton) and Lesotho ($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 Lesotho (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into South Africa

In 2021, imports of numerically controlled drilling machines for working metal into South Africa reduced to X tons, which is down by -12.5% against 2020 figures. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2019 when imports increased by 273% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports shrank rapidly to $X in 2021. Overall, imports recorded a dramatic setback. The pace of growth was the most pronounced in 2017 when imports increased by 405% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main numerically controlled drilling machine supplier to South Africa, accounting for a 90% share of total imports. Moreover, numerically controlled drilling machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +26.7%.

In value terms, China ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to South Africa, comprising 90% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +26.0%.

Import Prices by Country

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, reducing by -60.7% against the previous year. Overall, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2020 when the average import price increased by 136% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+51.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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