Africa: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Africa

The African metal broaching machine market contracted slightly to $X.1B in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X.1B. From 2020 to 2022, the growth of the market failed to regain momentum.

Metal Broaching Machine Production in Africa

In value terms, metal broaching machine production declined modestly to $X.8B in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X.4B. From 2020 to 2022, production growth remained at a somewhat lower figure.

Metal Broaching Machine Exports

Exports in Africa

After two years of decline, shipments abroad of broaching machines for working metal increased by X% to X units in 2022. Overall, exports showed a perceptible expansion. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal broaching machine exports skyrocketed to $X in 2022. Over the period under review, exports saw temperate growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa represented the main exporter of broaching machines for working metal in Africa, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by Morocco (X units), creating a X% share of total exports. The following exporters - Equatorial Guinea (X units), Cote d'Ivoire (X units), Namibia (X units) and Rwanda (X units) - each amounted to a X% share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Morocco (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Cote d'Ivoire, Equatorial Guinea and Rwanda experienced a relatively flat trend pattern. By contrast, Namibia (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Morocco (X p.p.), Cote d'Ivoire (X p.p.), Equatorial Guinea (X p.p.) and Rwanda (X p.p.) significantly strengthened its position in terms of the total exports, while Namibia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Morocco ($X) remains the largest metal broaching machine supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Rwanda, with a X% share.

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

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per unit), while Equatorial Guinea ($X per unit) was amongst the lowest.

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

Metal Broaching Machine Imports

Imports in Africa

In 2022, approx. X units of broaching machines for working metal were imported in Africa; which is down by X% against the previous year's figure. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal broaching machine imports skyrocketed to $X in 2022. Over the period under review, imports recorded a deep contraction. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

South Africa (X units) and Botswana (X units) represented roughly X% of total imports in 2022. It was distantly followed by Angola (X units), Algeria (X units), Tunisia (X units) and Nigeria (X units), together comprising a X% share of total imports. Uganda (X units), Tanzania (X units), Democratic Republic of the Congo (X units), Madagascar (X units), Cameroon (X units), Ethiopia (X units) and Kenya (X units) followed a long way behind the leaders.

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

In value terms, Kenya ($X) constitutes the largest market for imported broaching machines for working metal in Africa, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with an X% share of total imports. It was followed by Nigeria, with a X% share.

In Kenya, metal broaching machine imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price posted a pronounced increase. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 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 Kenya ($X per unit), while Botswana ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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