Africa: Market for Drive-Axles with Differential and Non-Driving Axles 2024

Market Size for Drive-Axles with Differential and Non-Driving Axles in Africa

The African driving and non-driving axle market skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, recorded a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Drive-Axles with Differential and Non-Driving Axles in Africa

In value terms, driving and non-driving axle production totaled $X in 2022 estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports in Africa

Driving and non-driving axle exports soared to X tons in 2022, jumping by X% against the year before. Overall, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, driving and non-driving axle exports surged to $X in 2022. In general, exports, however, saw a perceptible contraction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Zambia (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Morocco (X%). Central African Republic (X tons) took a relatively small share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Zambia (X%) and Morocco (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. Central African Republic experienced a relatively flat trend pattern. While the share of Zambia (X p.p.), Morocco (X p.p.) and Central African Republic (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.

In value terms, South Africa ($X) remains the largest driving and non-driving axle supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Central African Republic ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

In South Africa, driving and non-driving axle exports plunged by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Central African Republic (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price saw a perceptible increase. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Central African Republic ($X per ton), while Morocco ($X per ton) 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 mixed trends in the export price figures.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports in Africa

In 2022, approx. X tons of drive-axles with differential and non-driving axles were imported in Africa; shrinking by X% compared with 2021 figures. Total imports indicated a measured increase 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, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, driving and non-driving axle imports stood at $X in 2022. Total imports indicated tangible growth 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, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, South Africa (X tons) represented the key importer of drive-axles with differential and non-driving axles, achieving X% of total imports. Egypt (X tons) ranks second in terms of the total imports with a X% share, followed by Nigeria (X%) and Morocco (X%). Ghana (X tons), Algeria (X tons), Democratic Republic of the Congo (X tons), Tanzania (X tons), Tunisia (X tons), Mauritania (X tons), Angola (X tons), Libya (X tons) and Burkina Faso (X tons) took a minor share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritania (X%), Burkina Faso (X%), Democratic Republic of the Congo (X%), Tunisia (X%), Morocco (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Tanzania, Angola, Egypt, Nigeria and Algeria experienced a relatively flat trend pattern. By contrast, Libya (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Morocco (X p.p.), Democratic Republic of the Congo (X p.p.) and Mauritania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Libya (X p.p.), Algeria (X p.p.), Egypt (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported drive-axles with differential and non-driving axles in Africa, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

In South Africa, driving and non-driving axle 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: Egypt (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 South Africa ($X per ton), while Mauritania ($X per ton) 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.

Source: IndexBox Platform