Africa: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Africa

In 2022, after seven years of decline, there was significant growth in the African market for machine-tools for working stone, ceramics, and concrete, when its value increased by X% to $X. Overall, consumption recorded a deep reduction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Africa

In value terms, machine tools for working stone production declined slightly to $X in 2022 estimated in export price. Overall, production showed a abrupt decline. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports in Africa

In 2022, the amount of machine-tools for working stone, ceramics, and concrete exported in Africa contracted notably to X units, declining by X% against 2021 figures. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machine tools for working stone exports fell rapidly to $X in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, South Africa (X units), Malawi (X units) and Senegal (X units) was the main exporter of machine-tools for working stone, ceramics, and concrete in Africa, making up X% of total export. Kenya (X units) took the next position in the ranking, followed by Botswana (X units), Zambia (X units), Morocco (X units) and Tanzania (X units). All these countries together took approx. X% share of total exports.

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

In value terms, South Africa ($X), Malawi ($X) and Botswana ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Malawi, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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, dropping by X% against the previous year. Overall, the export price, however, showed a mild expansion. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports in Africa

In 2022, overseas purchases of machine-tools for working stone, ceramics, and concrete decreased by X% to X units, falling for the third consecutive year after two years of growth. Overall, imports, however, posted prominent growth. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, machine tools for working stone imports reduced to $X in 2022. In general, imports, however, saw a notable increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria prevails in imports structure, finishing at X units, which was approx. X% of total imports in 2022. South Africa (X units), Morocco (X units), Angola (X units) and Democratic Republic of the Congo (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to machine tools for working stone imports into Nigeria stood at X%. At the same time, Democratic Republic of the Congo (X%), South Africa (X%) and Angola (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Morocco experienced a relatively flat trend pattern. Nigeria (X p.p.) and Democratic Republic of the Congo (X p.p.) significantly strengthened its position in terms of the total imports, while Angola, South Africa and Morocco saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported machine-tools for working stone, ceramics, and concrete in Africa, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

In Nigeria, machine tools for working stone imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Angola (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 continues to indicate a deep downturn. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Angola ($X per unit), while Democratic Republic of the Congo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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