Africa: Hedge Shear Market 2024

Hedge Shear Market Size in Africa

In 2023, the African hedge shear market decreased by X% to $X, falling for the fifth consecutive year after three years of growth. The market 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. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Hedge Shear Production in Africa

In value terms, hedge shear production shrank slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Hedge Shear Exports

Exports in Africa

After two years of growth, overseas shipments of hedge shears and two-handed pruning shears decreased by X% to X tons in 2023. Over the period under review, exports recorded a deep reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, hedge shear exports contracted sharply to $X in 2023. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2023. Kenya (X tons) and Uganda (X tons) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Kenya (X%) and Uganda (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of South Africa, Kenya and Uganda increased by 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 ($X) remains the largest hedge shear supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Kenya ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the export prices remained at a somewhat 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 South Africa ($X per ton), while Uganda ($X per ton) 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 mixed trends in the export price figures.

Hedge Shear Imports

Imports in Africa

In 2023, the amount of hedge shears and two-handed pruning shears imported in Africa surged to X tons, with an increase of X% compared with the previous year. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, hedge shear imports rose to $X in 2023. In general, imports, however, saw a slight slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of hedge shear imports in 2023 were Tanzania (X tons), South Africa (X tons) and Madagascar (X tons), together resulting at X% of total import. Democratic Republic of the Congo (X tons) ranks next in terms of the total imports with a X% share, followed by Egypt (X%). Mozambique (X tons), Morocco (X tons), Nigeria (X tons), Kenya (X tons), Algeria (X tons) and Senegal (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Democratic Republic of the Congo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hedge shear importing markets in Africa were South Africa ($X), Egypt ($X) and Tanzania ($X), together comprising X% of total imports. Morocco, Mozambique, Democratic Republic of the Congo, Algeria, Kenya, Madagascar, Nigeria and Senegal lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Democratic Republic of the Congo, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price showed a slight decline. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform