South Africa: Threshing Machinery Market 2024

Threshing Machinery Market Size in South Africa

The South African threshing machinery market reached $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, showed a perceptible downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Threshing Machinery Production in South Africa

In value terms, threshing machinery production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2016 when the production volume increased by 23% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Threshing Machinery Exports

Exports from South Africa

In 2022, overseas shipments of threshing machinery except combine harvester-threshers increased by 195% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports showed tangible growth. The pace of growth appeared the most rapid in 2014 when exports increased by 711%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, threshing machinery exports surged to $X in 2022. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 421%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Zimbabwe (X units), Namibia (X units) and Mozambique (X units) were the main destinations of threshing machinery exports from South Africa, together comprising 85% of total exports.

From 2012 to 2022, the biggest increases were recorded for Zimbabwe (with a CAGR of +37.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for threshing machinery exported from South Africa were Zimbabwe ($X), Namibia ($X) and Mozambique ($X), with a combined 84% share of total exports.

Mozambique, with a CAGR of +57.8%, 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

The average threshing machinery export price stood at $X per unit in 2022, picking up by 20% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the average export price increased by 74% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Zambia ($X per unit) and Namibia ($X per unit), while the average price for exports to Swaziland ($X per unit) and Mozambique ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Threshing Machinery Imports

Imports into South Africa

In 2022, purchases abroad of threshing machinery except combine harvester-threshers decreased by -17.7% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 1,379%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, threshing machinery imports fell dramatically to $X in 2022. Over the period under review, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2016 when imports increased by 201%. Imports peaked at $X in 2021, and then shrank notably in the following year.

Imports by Country

Brazil (X units), Canada (X units) and the United States (X units) were the main suppliers of threshing machinery imports to South Africa, with a combined 86% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +46.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest threshing machinery suppliers to South Africa were Brazil ($X), Canada ($X) and the United States ($X), together accounting for 86% of total imports.

Among the main suppliers, Brazil, with a CAGR of +65.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average threshing machinery import price stood at $X per unit in 2022, dropping by -18.8% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 74%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Italy ($X per unit), while the price for France ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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