Africa: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in Africa

The African horizontal machining centre market shrank slightly to $X.8B in 2022, approximately reflecting the previous year. In general, consumption saw a buoyant increase. As a result, consumption attained the peak level of $X.7B. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Horizontal Machining Centre Production in Africa

In value terms, horizontal machining centre production dropped modestly to $X.9B in 2022 estimated in export price. Overall, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X.4B. From 2020 to 2022, production growth failed to regain momentum.

Horizontal Machining Centre Exports

Exports in Africa

In 2022, horizontal machining centre exports in Africa dropped slightly to X units, with a decrease of X% compared with 2021 figures. Overall, exports recorded a mild descent. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, horizontal machining centre exports soared to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa represented the key exporter of horizontal machining centres for working metal in Africa, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Swaziland (X units), Morocco (X units) and Namibia (X units), together comprising a X% share of total exports. The following exporters - Botswana (X units), Lesotho (X units), Mauritius (X units), Nigeria (X units), Tunisia (X units), Burkina Faso (X units) and Zambia (X units) - each amounted to a X% share of total exports.

South Africa was also the fastest-growing in terms of the horizontal machining centres for working metal exports, with a CAGR of X% from 2012 to 2022. Mauritius, Burkina Faso, Lesotho, Swaziland, Nigeria, Morocco and Zambia experienced a relatively flat trend pattern. Botswana (X%), Tunisia (X%) and Namibia (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Mauritius (X p.p.), Burkina Faso (X p.p.) and Swaziland (X p.p.) significantly strengthened its position in terms of the total exports, while Botswana, Tunisia and Namibia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Swaziland ($X) and Tunisia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Morocco, Burkina Faso, Nigeria, Mauritius, Namibia, Botswana, Zambia and Lesotho lagged somewhat behind, together comprising a further X%.

Burkina Faso, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, rising by X% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, horizontal machining centre export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while Lesotho ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced more modest paces of growth.

Horizontal Machining Centre Imports

Imports in Africa

Horizontal machining centre imports rose markedly to X units in 2022, picking up by X% against 2021 figures. Over the period under review, imports, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, horizontal machining centre imports surged to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa represented the major importer of horizontal machining centres for working metal in Africa, with the volume of imports recording X units, which was near X% of total imports in 2022. Morocco (X units) took the second position in the ranking, followed by Egypt (X units), Tunisia (X units) and Zimbabwe (X units). All these countries together took near X% share of total imports. Algeria (X units) and Namibia (X units) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Zimbabwe (X%), Morocco (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Algeria (X%), Tunisia (X%) and Namibia (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Morocco (X p.p.), Egypt (X p.p.) and Zimbabwe (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tunisia (X p.p.) and Namibia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Morocco ($X) and Egypt ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Algeria, Tunisia, Zimbabwe and Namibia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Zimbabwe, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in Africa stood at $X per unit in 2022, growing by X% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, horizontal machining centre import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 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 Algeria ($X per unit), while Namibia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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