Africa: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Africa

The African wood bending machine market skyrocketed to $X in 2022, rising by X% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. 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.

Wood Bending Machine Production in Africa

In value terms, wood bending machine production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate notable growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Wood Bending Machine Exports

Exports in Africa

In 2022, after three years of growth, there was significant decline in shipments abroad of bending or assembling machines, when their volume decreased by X% to X units. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wood bending machine exports shrank markedly to $X in 2022. In general, exports showed a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell remarkably in the following year.

Exports by Country

South Africa represented the largest exporter of bending or assembling machines in Africa, with the volume of exports accounting for X units, which was near X% of total exports in 2022. Tunisia (X units) ranks second in terms of the total exports with a X% share, followed by Morocco (X%). The following exporters - Zambia (X units), Senegal (X units), Algeria (X units), Kenya (X units) and Mauritius (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to wood bending machine exports from South Africa stood at X%. At the same time, Algeria (X%), Morocco (X%), Senegal (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Kenya and Tunisia experienced a relatively flat trend pattern. By contrast, Zambia (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Tunisia (X p.p.), Morocco (X p.p.), Senegal (X p.p.), Algeria (X p.p.), Mauritius (X p.p.), Kenya (X p.p.) and Zambia (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 ($X), Morocco ($X) and Tunisia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Senegal, Zambia, Kenya, Mauritius and Algeria lagged somewhat behind, together accounting for a further X%.

Senegal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price, however, showed a pronounced increase. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked at $X per unit in 2021, and then reduced sharply in the following year.

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 Morocco ($X per unit), while Algeria ($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.

Wood Bending Machine Imports

Imports in Africa

In 2022, purchases abroad of bending or assembling machines decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, wood bending machine imports skyrocketed to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa was the major importing country with an import of around X units, which reached X% of total imports. Morocco (X units) took the second position in the ranking, followed by Nigeria (X units), Tunisia (X units) and Algeria (X units). All these countries together held near X% share of total imports. Namibia (X units), Mauritius (X units), Kenya (X units), Egypt (X units), Rwanda (X units) and Djibouti (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood bending machine imports into South Africa stood at X%. At the same time, Morocco (X%), Nigeria (X%), Djibouti (X%), Mauritius (X%), Kenya (X%), Namibia (X%), Rwanda (X%), Tunisia (X%), Algeria (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. While the share of Morocco (X p.p.), Nigeria (X p.p.), Tunisia (X p.p.), Algeria (X p.p.), Namibia (X p.p.), Mauritius (X p.p.) and Kenya (X p.p.) increased significantly in terms of the total imports 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, Nigeria ($X) constitutes the largest market for imported bending or assembling machines in Africa, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

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

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, jumping by X% against the previous year. In general, the import price recorded a prominent expansion. The pace of growth was the most pronounced in 2015 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Namibia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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