Africa: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Africa

After two years of decline, the African agricultural harvester market increased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2023 and is likely to see steady growth in the immediate term.

Agricultural Harvester Production in Africa

In value terms, agricultural harvester production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

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Agricultural Harvester Exports

Exports in Africa

In 2023, shipments abroad of agricultural harvesters decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports faced a sharp curtailment. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, agricultural harvester exports shrank slightly to $X in 2023. Over the period under review, exports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, South Africa (X units) was the main exporter of agricultural harvesters, creating X% of total exports. Senegal (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Zambia (X%). Tanzania (X units), Kenya (X units), Zimbabwe (X units), Uganda (X units), Sierra Leone (X units), Tunisia (X units), Malawi (X units) and Mauritius (X units) held a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to agricultural harvester exports from South Africa stood at X%. At the same time, Senegal (X%), Kenya (X%), Zambia (X%), Zimbabwe (X%), Mauritius (X%), Tanzania (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Uganda and Sierra Leone experienced a relatively flat trend pattern. By contrast, Malawi (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Africa, Senegal, Zambia, Tanzania, Kenya, Zimbabwe, Uganda and Sierra Leone increased by X, X, X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and Kenya (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while Mauritius ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malawi (X%), while the other leaders experienced more modest paces of growth.

Agricultural Harvester Imports

Imports in Africa

In 2023, overseas purchases of agricultural harvesters were finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, agricultural harvester imports skyrocketed to $X in 2023. In general, imports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, South Africa (X units), distantly followed by Sudan (X units), Nigeria (X units), Ghana (X units), Morocco (X units), Zambia (X units) and Zimbabwe (X units) represented the major importers of agricultural harvesters, together creating X% of total imports. The following importers - Benin (X units), Ethiopia (X units), Kenya (X units), Namibia (X units), Angola (X units) and Cote d'Ivoire (X units) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Benin (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, 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: Sudan (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per unit, with an increase of X% against the previous year. In general, the import price posted a temperate expansion. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, import prices attained the peak figure in 2023 and is likely to see gradual growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform