Africa: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Africa

In 2022, after three years of decline, there was significant growth in the African stone polishing machine market, when its value increased by X% to $X. Overall, consumption, however, showed a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Stone Polishing Machine Production in Africa

In value terms, stone polishing machine production contracted slightly to $X in 2022 estimated in export price. In general, production, however, showed a precipitous descent. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Stone Polishing Machine Exports

Exports in Africa

For the third consecutive year, Africa recorded growth in overseas shipments of grinding or polishing machines for working stone, ceramics and concrete, which increased by X% to X units in 2022. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, stone polishing machine exports fell remarkably to $X in 2022. In general, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by Mauritius (X units), comprising a X% share of total exports. Malawi (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to stone polishing machine exports from South Africa stood at X%. At the same time, Mauritius (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Malawi (X%) illustrated a downward trend over the same period. While the share of Mauritius (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, South Africa ($X) remains the largest stone polishing machine supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Malawi ($X), with a X% share of total exports.

In South Africa, stone polishing machine 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: Malawi (X% per year) and Mauritius (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Mauritius ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Stone Polishing Machine Imports

Imports in Africa

In 2022, overseas purchases of grinding or polishing machines for working stone, ceramics and concrete increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, stone polishing machine imports rose rapidly to $X in 2022. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Egypt prevails in imports structure, amounting to X units, which was near X% of total imports in 2022. It was distantly followed by South Africa (X units), making up a X% share of total imports. Uganda (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to stone polishing machine imports into Egypt stood at X%. At the same time, Uganda (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Uganda emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Egypt and Uganda increased by X and X percentage points, respectively.

In value terms, Egypt ($X) constitutes the largest market for imported grinding or polishing machines for working stone, ceramics and concrete in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Egypt totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Uganda (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price continues to indicate a deep reduction. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2020; however, from 2021 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 Uganda ($X per unit), while Egypt ($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 a decline in the import price figures.

Source: IndexBox Platform