Africa: Market for Instrument Panel And Wall Clocks 2024

Market Size for Instrument Panel And Wall Clocks in Africa

After three years of growth, the African market for instrument panel and wall clocks decreased by X% to $X in 2020. Over the period under review, consumption continues to indicate a perceptible setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Production of Instrument Panel And Wall Clocks in Africa

In value terms, instrument panel and wall clock production declined significantly to $X in 2020 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2020, production remained at a lower figure.

Exports of Instrument Panel And Wall Clocks

Exports in Africa

In 2020, shipments abroad of instrument panel and wall clocks decreased by X% to X units, falling for the third year in a row after three years of growth. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked at X units in 2017; however, from 2018 to 2020, the exports remained at a lower figure.

In value terms, instrument panel and wall clock exports shrank dramatically to $X in 2020. Over the period under review, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the four major exporters of instrument panel and wall clocks, namely Tunisia, South Africa, Nigeria and Mozambique, represented more than two-thirds of total export. It was distantly followed by Egypt (X units) and Mauritius (X units), together comprising a X% share of total exports. Kenya (X units) held a minor share of total exports.

From 2012 to 2020, the biggest increases were recorded for Nigeria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X) remains the largest instrument panel and wall clock supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

From 2012 to 2020, the average annual growth rate of value in Tunisia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2020, with a decrease of X% against the previous year. Over the period under review, the export price, however, showed a notable increase. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced more modest paces of growth.

Imports of Instrument Panel And Wall Clocks

Imports in Africa

In 2020, supplies from abroad of instrument panel and wall clocks increased by X% to X units, rising for the fourth year in a row after three years of decline. In general, imports, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2020, imports failed to regain momentum.

In value terms, instrument panel and wall clock imports dropped significantly to $X in 2020. Overall, imports, however, showed a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain momentum.

Imports by Country

In 2020, Mayotte (X units) was the key importer of instrument panel and wall clocks, comprising X% of total imports. It was distantly followed by Ghana (X units), Algeria (X units), Nigeria (X units) and Morocco (X units), together achieving a X% share of total imports. The following importers - Libya (X units), Tanzania (X units), Ethiopia (X units) and Egypt (X units) - together made up X% of total imports.

Mayotte was also the fastest-growing in terms of the instrument panel and wall clocks imports, with a CAGR of X% from 2012 to 2020. At the same time, Ghana (X%) and Ethiopia (X%) displayed positive paces of growth. By contrast, Nigeria (X%), Morocco (X%), Algeria (X%), Egypt (X%), Libya (X%) and Tanzania (X%) illustrated a downward trend over the same period. Mayotte (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while Morocco, Egypt, Algeria, Libya and Tanzania saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Morocco ($X) and Algeria ($X) appeared to be the countries with the highest levels of imports in 2020, with a combined X% share of total imports. Ghana, Tanzania, Libya, Egypt, Ethiopia and Mayotte lagged somewhat behind, together comprising a further X%.

Ethiopia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 2020, falling by X% against the previous year. In general, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2020, the import prices remained at a somewhat lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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