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

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

The South African numerically controlled sharpening machine market shrank rapidly to $X in 2022, waning by -95.8% against the previous year. Overall, consumption continues to indicate a sharp shrinkage. Numerically controlled sharpening machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, numerically controlled sharpening machine production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 15% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports from South Africa

After three years of decline, shipments abroad of numerically controlled sharpening machines for working metal increased by 6,371% to X units in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, numerically controlled sharpening machine exports surged to $X in 2022. Overall, exports enjoyed prominent growth. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for numerically controlled sharpening machine exports from South Africa, accounting for a 97% share of total exports. It was followed by Botswana (X units), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +1.2%.

In value terms, Germany ($X) emerged as the key foreign market for numerically controlled sharpening machines for working metal exports from South Africa, comprising 92% of total exports. The second position in the ranking was taken by Botswana ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany totaled -4.3%.

Export Prices by Country

In 2022, the average numerically controlled sharpening machine export price amounted to $X per unit, picking up by 21% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 321% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Botswana totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+45.9%), while the prices for the other major destinations experienced a decline.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports into South Africa

In 2022, approx. X units of numerically controlled sharpening machines for working metal were imported into South Africa; jumping by 120% against the previous year's figure. Overall, imports, however, faced a sharp shrinkage. The growth pace was the most rapid in 2019 with an increase of 526% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, numerically controlled sharpening machine imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a drastic downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) was the main supplier of numerically controlled sharpening machine to South Africa, accounting for a 95% share of total imports. It was followed by Australia (X units), with a 1.8% share of total imports. The third position in this ranking was taken by Spain (X units), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-81.2% per year) and Spain (-40.5% per year).

In value terms, Germany ($X) constituted the largest supplier of numerically controlled sharpening machines for working metal to South Africa, comprising 99% of total imports. The second position in the ranking was taken by Spain ($X), with a 0.4% share of total imports. It was followed by the UK, with a 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-5.1% per year) and the UK (-20.4% per year).

Import Prices by Country

In 2022, the average numerically controlled sharpening machine import price amounted to $X per unit, increasing by 141% against the previous year. Overall, the import price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 162% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+122.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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