Africa: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in Africa

The African hay-making machinery market dropped modestly to $X in 2023, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Hay-Making Machinery Production in Africa

In value terms, hay-making machinery production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Hay-Making Machinery Exports

Exports in Africa

Hay-making machinery exports fell significantly to X units in 2023, reducing by X% on the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, hay-making machinery exports declined remarkably to $X in 2023. Overall, exports, however, enjoyed a mild increase. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa was the key exporter of hay-making machinery in Africa, with the volume of exports reaching X units, which was approx. X% of total exports in 2023. It was distantly followed by Kenya (X units), generating a X% share of total exports. The following exporters - Swaziland (X units) and Egypt (X units) - each finished at a X% share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Kenya (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Swaziland and Egypt experienced a relatively flat trend pattern. South Africa (X p.p.), Kenya (X p.p.) and Egypt (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest hay-making machinery supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Swaziland ($X), with a X% share of total exports. It was followed by Kenya, with a X% share.

In South Africa, hay-making machinery exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Swaziland (X% per year) and Kenya (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, almost unchanged from the previous year. Export price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, hay-making machinery export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Swaziland (X%), while the other leaders experienced mixed trends in the export price figures.

Hay-Making Machinery Imports

Imports in Africa

In 2023, purchases abroad of hay-making machinery decreased by X% to X units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, hay-making machinery imports dropped rapidly to $X in 2023. Overall, imports continue to indicate a slight setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the ten major importers of hay-making machinery, namely South Africa, Kenya, Mozambique, Morocco, Zimbabwe, Sudan, Algeria, Namibia, Libya and Zambia, represented more than two-thirds of total import. Nigeria (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mozambique (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported hay-making machinery in Africa, comprising X% of total imports. The second position in the ranking was held by Sudan ($X), with an X% share of total imports. It was followed by Kenya, with a X% share.

In South Africa, hay-making machinery imports declined by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Sudan (X% per year) and Kenya (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2023, with a decrease of X% against the previous year. In general, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was South Africa ($X per unit), while Kenya ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform