Africa: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in Africa

The African mounting lifting equipment market reached $X in 2022, surging by X% against the previous year. Overall, consumption saw strong growth. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Mounting Lifting Equipment Production in Africa

In value terms, mounting lifting equipment production expanded to $X in 2022 estimated in export price. In general, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Mounting Lifting Equipment Exports

Exports in Africa

After two years of growth, overseas shipments of lifting equipment designed for mounting on road vehicles decreased by X% to X units in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then declined sharply in the following year.

In value terms, mounting lifting equipment exports shrank rapidly to $X in 2022. Overall, exports, however, enjoyed a measured increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

South Africa (X units) and Cote d'Ivoire (X units) dominates exports structure, together comprising X% of total exports. It was distantly followed by Togo (X units), mixing up an X% share of total exports. The following exporters - Namibia (X units), Botswana (X units), Morocco (X units) and Zambia (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), South Africa ($X) and Togo ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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, surging by X% against the previous year. Export price indicated a notable 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, mounting lifting equipment export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 Morocco ($X per unit), while Namibia ($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.

Mounting Lifting Equipment Imports

Imports in Africa

In 2022, mounting lifting equipment imports in Africa surged to X units, increasing by X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, mounting lifting equipment imports declined to $X in 2022. In general, imports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa was the largest importing country with an import of about X units, which accounted for X% of total imports. Mauritius (X units) held the second position in the ranking, followed by Tunisia (X units). All these countries together took near X% share of total imports. The following importers - Morocco (X units), Algeria (X units), Ghana (X units), Cameroon (X units) and Egypt (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to mounting lifting equipment imports into South Africa stood at X%. At the same time, Mauritius (X%), Cameroon (X%), Tunisia (X%), Ghana (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) and Algeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mauritius, Tunisia, Morocco, Ghana and Cameroon increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported lifting equipment designed for mounting on road vehicles in Africa, comprising X% of total imports. The second position in the ranking was held by Algeria ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

In South Africa, mounting lifting equipment imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices failed to regain momentum.

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 Algeria ($X per unit), while Mauritius ($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 more modest paces of growth.

Source: IndexBox Platform

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