Africa: Gear Box Market 2024

Gear Box Market Size in Africa

The African gear box market shrank modestly to $X in 2022, remaining stable against the previous year. In general, consumption, however, saw a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Gear Box Production in Africa

In value terms, gear box production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient increase. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Gear Box Exports

Exports in Africa

In 2022, shipments abroad of gear boxes increased by X% to X units, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, gear box exports totaled $X in 2022. Total exports indicated moderate 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, South Africa (X units) was the key exporter of gear boxes, achieving X% of total exports. It was distantly followed by Morocco (X units) and Botswana (X units), together making up a X% share of total exports. The following exporters - Tunisia (X units) and Zambia (X units) - each finished at a X% share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of gear boxes. At the same time, Tunisia (X%), Zambia (X%), Morocco (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Morocco, Botswana and Tunisia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, almost unchanged from the previous year. Export price indicated pronounced growth 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. Based on 2022 figures, gear box export price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 Tunisia ($X per unit), while Botswana ($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.

Gear Box Imports

Imports in Africa

In 2022, supplies from abroad of gear boxes increased by X% to X units, rising for the second consecutive year after three years of decline. In general, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, gear box imports rose notably to $X in 2022. Overall, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Morocco prevails in imports structure, accounting for X units, which was approx. X% of total imports in 2022. It was distantly followed by South Africa (X units) and Algeria (X units), together mixing up a X% share of total imports. Nigeria (X units), Tunisia (X units), Angola (X units), Ghana (X units), Egypt (X units) and Botswana (X units) followed a long way behind the leaders.

Morocco was also the fastest-growing in terms of the gear boxes imports, with a CAGR of X% from 2012 to 2022. At the same time, Tunisia (X%), Botswana (X%), Ghana (X%), Nigeria (X%), Angola (X%) and Algeria (X%) displayed positive paces of growth. South Africa 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 Morocco increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported gear boxes in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Morocco totaled X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Algeria (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 South Africa ($X per unit), while Nigeria ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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