Africa: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Africa

After five years of growth, the African wood drilling machine market decreased by X% to $X in 2022. Overall, consumption, however, posted mild growth. Over the period under review, the market reached the peak level at $X in 2021, and then fell remarkably in the following year.

Wood Drilling Machine Production in Africa

In value terms, wood drilling machine production dropped dramatically to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Wood Drilling Machine Exports

Exports in Africa

In 2022, wood drilling machine exports in Africa dropped sharply to X units, with a decrease of X% against 2021 figures. In general, exports showed a deep setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood drilling machine exports shrank rapidly to $X in 2022. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa represented the key exporter of drilling or morticing machines in Africa, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Mozambique (X units) ranks second in terms of the total exports with a X% share, followed by Botswana (X%). Ghana (X units), Morocco (X units) and Uganda (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wood drilling machine exports from South Africa stood at X%. At the same time, Botswana (X%) and Mozambique (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Morocco experienced a relatively flat trend pattern. By contrast, Uganda (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Mozambique (X p.p.), Botswana (X p.p.), Ghana (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wood drilling machine supplying countries in Africa were South Africa ($X), Morocco ($X) and Mozambique ($X), together accounting for X% of total exports. Botswana, Ghana and Uganda lagged somewhat behind, together comprising a further X%.

Botswana, 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 mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, which is down by X% against the previous year. In general, the export price, however, showed a moderate increase. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2014 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 Morocco ($X per unit), while Uganda ($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 more modest paces of growth.

Wood Drilling Machine Imports

Imports in Africa

In 2022, purchases abroad of drilling or morticing machines decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then shrank significantly in the following year.

In value terms, wood drilling machine imports fell markedly to $X in 2022. In general, imports recorded a mild decline. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then fell significantly in the following year.

Imports by Country

Mauritius was the largest importer of drilling or morticing machines in Africa, with the volume of imports amounting to X units, which was near X% of total imports in 2022. It was distantly followed by Nigeria (X units), Mozambique (X units) and Algeria (X units), together mixing up a X% share of total imports. Tunisia (X units), Kenya (X units), South Africa (X units), Egypt (X units), Morocco (X units), Democratic Republic of the Congo (X units), Angola (X units) and Tanzania (X units) held a relatively small share of total imports.

Imports into Mauritius increased at an average annual rate of X% from 2012 to 2022. At the same time, Mozambique (X%), Kenya (X%), Nigeria (X%), Tunisia (X%), Algeria (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Morocco (X%), Tanzania (X%), Angola (X%), South Africa (X%) and Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. While the share of Mauritius (X p.p.), Mozambique (X p.p.), Nigeria (X p.p.), Kenya (X p.p.) and Democratic Republic of the Congo (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (X p.p.), Algeria (X p.p.), Tanzania (X p.p.), Morocco (X p.p.), Angola (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, Nigeria ($X), Algeria ($X) and Tunisia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to 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, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Algeria ($X per unit), while Mauritius ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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