Africa: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Africa

The African hydraulic cylinder and system market was estimated at $X in 2022, remaining stable against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Hydraulic Cylinders And Systems in Africa

In value terms, hydraulic cylinder and system production totaled $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Hydraulic Cylinders And Systems

Exports in Africa

In 2022, overseas shipments of hydraulic cylinders and systems increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hydraulic cylinder and system exports soared to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa represented the key exporting country with an export of about X units, which accounted for X% of total exports. Namibia (X units) ranks second in terms of the total exports with a X% share, followed by Zambia (X%). Botswana (X units) and Togo (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hydraulic cylinder and system exports from South Africa stood at X%. At the same time, Togo (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Botswana (X%) and Zambia (X%) illustrated a downward trend over the same period. While the share of Namibia (X p.p.) and Togo (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Zambia (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest hydraulic cylinder and system supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (X% per year) and Zambia (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, growing by X% against the previous year. Export price indicated a strong expansion 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, hydraulic cylinder and system export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, 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.

Imports of Hydraulic Cylinders And Systems

Imports in Africa

In 2022, the amount of hydraulic cylinders and systems imported in Africa dropped rapidly to X units, with a decrease of X% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, hydraulic cylinder and system imports skyrocketed to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Nigeria (X units) and South Africa (X units) were the key importers of hydraulic cylinders and systems in Africa, together resulting at approx. X% of total imports. It was distantly followed by Democratic Republic of the Congo (X units), making up a X% share of total imports. The following importers - Zambia (X units), Kenya (X units), Angola (X units), Algeria (X units), Mozambique (X units), Namibia (X units), Egypt (X units), Lesotho (X units), Burkina Faso (X units) and Botswana (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lesotho (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported hydraulic cylinders and systems in Africa, comprising X% of total imports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with an X% share of total imports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Democratic Republic of the Congo (X% per year) and Zambia (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, jumping by X% against the previous year. In general, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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 ($X per unit), while Lesotho ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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