Africa: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Africa

In 2022, the African construction equipment blade market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Construction Equipment Blade Production in Africa

In value terms, construction equipment blade production soared to $X in 2022 estimated in export price. The total production indicated noticeable 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, production increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Construction Equipment Blade Exports

Exports in Africa

In 2022, overseas shipments of blades for construction equipment increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, construction equipment blade exports contracted dramatically to $X in 2022. In general, exports, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Zimbabwe (X units) was the major exporter of blades for construction equipment, creating X% of total exports. South Africa (X units) held the second position in the ranking, followed by Burkina Faso (X units) and Lesotho (X units). All these countries together took near X% share of total exports. Mauritius (X units), Uganda (X units) and Malawi (X units) held a little share of total exports.

Exports from Zimbabwe increased at an average annual rate of X% from 2012 to 2022. At the same time, Lesotho (X%), Burkina Faso (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Uganda (X%), South Africa (X%) and Malawi (X%) illustrated a downward trend over the same period. While the share of Zimbabwe (X p.p.), Burkina Faso (X p.p.) and Lesotho (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Uganda (X p.p.), Malawi (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Zimbabwe ($X), South Africa ($X) and Burkina Faso ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Malawi, Lesotho, Uganda and Mauritius lagged somewhat behind, together accounting for a further X%.

Lesotho, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the export price in Africa amounted to $X per unit, dropping by X% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Malawi ($X per unit), while Mauritius ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (X%), while the other leaders experienced mixed trends in the export price figures.

Construction Equipment Blade Imports

Imports in Africa

In 2022, overseas purchases of blades for construction equipment increased by X% to X units, rising for the second year in a row after two years of decline. Total imports indicated a mild expansion from 2012 to 2022: its volume 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 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, construction equipment blade imports dropped modestly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria (X units) and South Africa (X units) represented the key importers of blades for construction equipment in 2022, finishing at approx. X% and X% of total imports, respectively. Benin (X units) ranks next in terms of the total imports with a X% share, followed by Namibia (X%), Morocco (X%) and Ghana (X%). Zimbabwe (X units), Egypt (X units), Botswana (X units), Congo (X units), Guinea (X units), Burkina Faso (X units) and Ethiopia (X units) followed a long way behind the leaders.

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

In value terms, the largest construction equipment blade importing markets in Africa were Nigeria ($X), South Africa ($X) and Namibia ($X), together comprising X% of total imports.

Nigeria, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price recorded a perceptible reduction. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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