Africa: Shaft Coupling Market 2024

Shaft Coupling Market Size in Africa

The African shaft coupling market totaled $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate a mild shrinkage. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Shaft Coupling Production in Africa

In value terms, shaft coupling production fell modestly to $X in 2022 estimated in export price. Over the period under review, production saw a mild decrease. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Shaft Coupling Exports

Exports in Africa

In 2022, shipments abroad of clutches and shaft couplings increased by X% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated resilient growth 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, shaft coupling exports amounted to $X in 2022. Total exports indicated a resilient 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. Botswana (X tons) and Zambia (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to shaft coupling exports from South Africa stood at X%. At the same time, Zambia (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Africa and Zambia increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest shaft coupling supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while Botswana ($X per ton) was amongst the lowest.

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

Shaft Coupling Imports

Imports in Africa

In 2022, overseas purchases of clutches and shaft couplings increased by X% to X tons, rising for the sixth year in a row after two years of decline. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, shaft coupling imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria prevails in imports structure, accounting for X tons, which was near X% of total imports in 2022. South Africa (X tons) held the second position in the ranking, followed by Morocco (X tons) and Angola (X tons). All these countries together took approx. X% share of total imports. The following importers - Algeria (X tons), Tanzania (X tons), Democratic Republic of the Congo (X tons), Egypt (X tons), Zambia (X tons), Ghana (X tons) and Kenya (X tons) - each accounted for a X% share of total imports.

Nigeria was also the fastest-growing in terms of the clutches and shaft couplings imports, with a CAGR of X% from 2012 to 2022. At the same time, Morocco (X%), Ghana (X%), Democratic Republic of the Congo (X%), Kenya (X%), Zambia (X%), Angola (X%), Algeria (X%) and South Africa (X%) displayed positive paces of growth. Tanzania experienced a relatively flat trend pattern. By contrast, Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria and Democratic Republic of the Congo increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest shaft coupling importing markets in Africa were South Africa ($X), Nigeria ($X) and Morocco ($X), together accounting for X% of total imports.

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

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :