Africa: Disc Harrow Market 2024

Disc Harrow Market Size in Africa

The African disc harrow market dropped to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a deep reduction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Disc Harrow Production in Africa

In value terms, disc harrow production fell to $X in 2022 estimated in export price. Over the period under review, production showed a deep downturn. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Disc Harrow Exports

Exports in Africa

In 2022, the amount of disc harrows exported in Africa shrank rapidly to X units, waning by X% on the previous year. Over the period under review, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, disc harrow exports contracted sharply to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Africa (X units) was the largest exporter of disc harrows, making up X% of total exports. It was distantly followed by Malawi (X units), making up a X% share of total exports. The following exporters - Zambia (X units), Namibia (X units) and Tunisia (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to disc harrow exports from South Africa stood at X%. At the same time, Malawi (X%), Namibia (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Malawi emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Tunisia (X%) illustrated a downward trend over the same period. While the share of Malawi (X p.p.), Zambia (X p.p.) and Namibia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Tunisia (X p.p.) and South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest disc harrow supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Malawi ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

In South Africa, disc harrow exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malawi (X% per year) and Tunisia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, waning by X% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per unit in 2018; however, from 2019 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 South Africa ($X per unit), while Malawi ($X per unit) was amongst the lowest.

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

Disc Harrow Imports

Imports in Africa

In 2022, after five years of growth, there was significant decline in purchases abroad of disc harrows, when their volume decreased by X% to X units. Overall, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, disc harrow imports shrank to $X in 2022. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Nigeria (X units) represented the largest importer of disc harrows, creating X% of total imports. South Africa (X units) held the second position in the ranking, followed by Ethiopia (X units), Angola (X units), Cote d'Ivoire (X units) and Tanzania (X units). All these countries together held approx. X% share of total imports. The following importers - Zambia (X units), Mozambique (X units), Sudan (X units), Zimbabwe (X units) and Kenya (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to disc harrow imports into Nigeria stood at X%. At the same time, Cote d'Ivoire (X%), Mozambique (X%), Tanzania (X%), Ethiopia (X%), Zimbabwe (X%), Zambia (X%), Kenya (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Sudan (X%) and Angola (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Cote d'Ivoire (X p.p.), Ethiopia (X p.p.), Tanzania (X p.p.) and Mozambique (X p.p.) significantly strengthened its position in terms of the total imports, while Sudan, South Africa and Angola saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest disc harrow importing markets in Africa were Nigeria ($X), South Africa ($X) and Ethiopia ($X), with a combined X% share of total imports. Zimbabwe, Angola, Tanzania, Sudan, Mozambique, Cote d'Ivoire, Zambia and Kenya lagged somewhat behind, together comprising a further X%.

Cote d'Ivoire, 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

In 2022, the import price in Africa amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, showed a noticeable decrease. 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 South Africa ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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