South Africa: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in South Africa

The South African self-propelled boring machinery market surged to $X in 2022, picking up by 80% against the previous year. Overall, consumption, however, continues to indicate a deep downturn. Self-propelled boring machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Self-Propelled Boring Machinery Production in South Africa

In value terms, self-propelled boring machinery production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 84,796,938,800%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Self-Propelled Boring Machinery Exports

Exports from South Africa

In 2022, shipments abroad of self-propelled boring or sinking machinery increased by 45% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2016 when exports increased by 1,933%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, self-propelled boring machinery exports skyrocketed to $X in 2022. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 59% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Australia (X units) was the main destination for self-propelled boring machinery exports from South Africa, accounting for a 34% share of total exports. Moreover, self-propelled boring machinery exports to Australia exceeded the volume sent to the second major destination, Namibia (X units), threefold. Zimbabwe (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia amounted to +62.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+1.8% per year) and Zimbabwe (-16.5% per year).

In value terms, the largest markets for self-propelled boring machinery exported from South Africa were Namibia ($X), Australia ($X) and Botswana ($X), together comprising 72% of total exports.

Australia, with a CAGR of +229.9%, saw the highest growth rate of 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

In 2022, the average self-propelled boring machinery export price amounted to $X per unit, surging by 4% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 4,300%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+103.3%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into South Africa

For the third year in a row, South Africa recorded growth in overseas purchases of self-propelled boring or sinking machinery, which increased by 74% to X units in 2022. Over the period under review, imports, however, showed a abrupt descent. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, self-propelled boring machinery imports soared to $X in 2022. Overall, imports, however, recorded a deep slump. The growth pace was the most rapid in 2017 with an increase of 84%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest self-propelled boring machinery supplier to South Africa, with a 56% share of total imports. Moreover, self-propelled boring machinery imports from China exceeded the figures recorded by the second-largest supplier, France (X units), sevenfold. India (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-2.3% per year) and India (-16.2% per year).

In value terms, the largest self-propelled boring machinery suppliers to South Africa were France ($X), the United States ($X) and Finland ($X), together accounting for 62% of total imports. China, Sweden, Australia, South Korea and India lagged somewhat behind, together accounting for a further 30%.

Australia, with a CAGR of +91.4%, 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

In 2022, the average self-propelled boring machinery import price amounted to $X per unit, which is down by -11.1% against the previous year. Overall, the import price, however, recorded a mild increase. The pace of growth appeared the most rapid in 2017 an increase of 166%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Sweden ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+34.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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