Africa: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Africa

In 2022, the African gearboxes and speed changers market increased by X% to $X, rising for the second year in a row after four years of decline. Overall, consumption, however, recorded a slight contraction. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Gearboxes and Speed Changers in Africa

In value terms, gearboxes and speed changers production reduced to $X in 2022 estimated in export price. Overall, production showed a noticeable curtailment. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Gearboxes and Speed Changers

Exports in Africa

In 2022, overseas shipments of gearboxes and speed changers increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers exports surged to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa represented the main exporter of gearboxes and speed changers in Africa, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Tunisia (X tons) and Zambia (X tons), together mixing up a X% share of total exports. Namibia (X tons), Angola (X tons), Lesotho (X tons) and Zimbabwe (X tons) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Lesotho (X%), Tunisia (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Namibia, Zambia and Angola experienced a relatively flat trend pattern. Tunisia (X p.p.), Zambia (X p.p.), Angola (X p.p.), Namibia (X p.p.), Lesotho (X p.p.) and Zimbabwe (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

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

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

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, saw a prominent expansion. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a 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 Angola ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

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

Imports of Gearboxes and Speed Changers

Imports in Africa

In 2022, imports of gearboxes and speed changers in Africa surged to X tons, rising by X% on the year before. The total import 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 in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gearboxes and speed changers imports skyrocketed 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 consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, South Africa (X tons) and Nigeria (X tons) represented the largest importers of gearboxes and speed changers in Africa, together accounting for approx. X% of total imports. Morocco (X tons) took the next position in the ranking, followed by Egypt (X tons) and Algeria (X tons). All these countries together held approx. X% share of total imports. Democratic Republic of the Congo (X tons), Angola (X tons), Zimbabwe (X tons), Tanzania (X tons), Zambia (X tons), Cote d'Ivoire (X tons), Tunisia (X tons) and Sudan (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sudan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. 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, growing by X% against the previous year. Overall, the import price, however, showed a perceptible contraction. The level of import peaked 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 Zambia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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