Africa: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in Africa

The African metal honing machine market rose significantly to $X in 2023, with an increase of X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Metal Honing Machine Production in Africa

In value terms, metal honing machine production reached $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 remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 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.

Metal Honing Machine Exports

Exports in Africa

In 2023, exports of honing or lapping machines for working metal in Africa shrank to X units, declining by X% on the previous year. In general, exports faced a abrupt decline. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of X units. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, metal honing machine exports reached $X in 2023. Over the period under review, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, South Africa (X units) represented the major exporter of honing or lapping machines for working metal, comprising X% of total exports. Swaziland (X units) ranks second in terms of the total exports with a X% share, followed by Angola (X%), Senegal (X%) and Tanzania (X%). The following exporters - Namibia (X units) and Tunisia (X units) - each resulted at a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Tanzania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Swaziland ($X) remains the largest metal honing machine supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Swaziland totaled X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Tunisia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, increasing by X% against the previous year. Overall, the export price, however, recorded a deep downturn. The growth pace was the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices stood 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 Tunisia ($X per unit), while Namibia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced mixed trends in the export price figures.

Metal Honing Machine Imports

Imports in Africa

In 2023, approx. X units of honing or lapping machines for working metal were imported in Africa; growing by X% on 2022 figures. Overall, imports enjoyed a measured increase. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, metal honing machine imports skyrocketed to $X in 2023. Over the period under review, imports, however, recorded a deep contraction. 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 attained the peak figure at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Egypt represented the key importer of honing or lapping machines for working metal in Africa, with the volume of imports reaching X units, which was approx. X% of total imports in 2023. South Africa (X units) took the second position in the ranking, distantly followed by Nigeria (X units). All these countries together held near X% share of total imports. Mozambique (X units) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to metal honing machine imports into Egypt stood at X%. At the same time, Mozambique (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, South Africa (X%) illustrated a downward trend over the same period. Egypt (X p.p.), Nigeria (X p.p.) and Mozambique (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Egypt ($X), South Africa ($X) and Nigeria ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. These countries were followed by Mozambique, which accounted for a further X%.

Among the main importing countries, Mozambique, with a CAGR of X%, recorded 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 unit, reducing by X% against the previous year. Overall, the import price saw a deep slump. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform