Africa: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Africa

The African agricultural forestry machinery market contracted slightly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, showed prominent growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Agricultural Forestry Machinery Production in Africa

In value terms, agricultural forestry machinery production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a prominent increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Agricultural Forestry Machinery Exports

Exports in Africa

In 2022, shipments abroad of agricultural forestry machinery (lawn or sportsground rollers) increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a deep setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, agricultural forestry machinery exports expanded sharply to $X in 2022. Over the period under review, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, amounting to X units, which was approx. X% of total exports in 2022. Egypt (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Zimbabwe (X%), Botswana (X%), Malawi (X%) and Tanzania (X%). Zambia (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to agricultural forestry machinery exports from South Africa stood at X%. At the same time, Malawi (X%), Tanzania (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Malawi emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%), Botswana (X%) and Zimbabwe (X%) illustrated a downward trend over the same period. While the share of Malawi (X p.p.), Egypt (X p.p.), Tanzania (X p.p.) and Zambia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest agricultural forestry machinery supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Agricultural Forestry Machinery Imports

Imports in Africa

In 2022, purchases abroad of agricultural forestry machinery (lawn or sportsground rollers) decreased by X% to X units, falling for the second consecutive year after four years of growth. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, agricultural forestry machinery imports dropped to $X in 2022. Overall, imports saw a slight setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria (X units), Benin (X units) and South Africa (X units) represented roughly X% of total imports in 2022. It was distantly followed by Democratic Republic of the Congo (X units), comprising a X% share of total imports. Angola (X units), Tanzania (X units), Burkina Faso (X units), Gabon (X units), Namibia (X units), Zambia (X units), Morocco (X units), Algeria (X units) and Senegal (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Gabon (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported agricultural forestry machinery (lawn or sportsground rollers) in Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with an X% share of total imports. It was followed by Angola, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Angola (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price recorded a pronounced setback. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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