Africa: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Africa

The African market for grinding, sanding and polishing machines reduced to $X in 2022, dropping by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Grinding, Sanding and Polishing Machines in Africa

In value terms, grinding, sanding and polishing machine production contracted to $X in 2022 estimated in export price. Overall, production saw a mild decrease. The growth pace was the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Exports of Grinding, Sanding and Polishing Machines

Exports in Africa

In 2022, the amount of grinding, sanding and polishing machines exported in Africa plummeted to X units, falling by X% compared with 2021 figures. Over the period under review, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, grinding, sanding and polishing machine exports dropped markedly to $X in 2022. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from South Africa (X units), together amounting to X% of total export.

South Africa was also the fastest-growing in terms of the grinding, sanding and polishing machines exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest grinding, sanding and polishing machine supplier in Africa.

In South Africa, grinding, sanding and polishing machine exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Imports of Grinding, Sanding and Polishing Machines

Imports in Africa

In 2022, after four years of growth, there was significant decline in supplies from abroad of grinding, sanding and polishing machines, when their volume decreased by X% to X units. Over the period under review, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021, and then declined in the following year.

In value terms, grinding, sanding and polishing machine imports fell 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Mauritius was the main importer of grinding, sanding and polishing machines in Africa, with the volume of imports reaching X units, which was near X% of total imports in 2022. It was distantly followed by Botswana (X units), Mozambique (X units), Morocco (X units) and Tanzania (X units), together mixing up a X% share of total imports. South Africa (X units), Nigeria (X units), Democratic Republic of the Congo (X units), Angola (X units), Algeria (X units) and Gabon (X units) held a little 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%), Gabon (X%), Algeria (X%), Morocco (X%), Nigeria (X%), Tanzania (X%) and Democratic Republic of the Congo (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. Botswana experienced a relatively flat trend pattern. By contrast, South Africa (X%) and Angola (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mauritius, Mozambique, Democratic Republic of the Congo and Gabon increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grinding, sanding and polishing machine importing markets in Africa were South Africa ($X), Morocco ($X) and Algeria ($X), together accounting for X% of total imports. Angola, Tanzania, Gabon, Nigeria, Mauritius, Democratic Republic of the Congo, Botswana and Mozambique lagged somewhat behind, together comprising a further X%.

Gabon, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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, with an increase of X% against the previous year. In general, the import price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices remained 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 ($X per unit), while Mozambique ($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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