Africa: Public Works Machinery Market 2024

Public Works Machinery Market Size in Africa

For the third consecutive year, the African public works machinery market recorded growth in sales value, which increased by X% to $X in 2023. The total consumption indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Public Works Machinery Production in Africa

In value terms, public works machinery production declined to $X in 2023 estimated in export price. The total production indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Public Works Machinery Exports

Exports in Africa

In 2023, approx. X units of machinery for public works and building were exported in Africa; rising by X% on the previous year. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, public works machinery exports skyrocketed to $X in 2023. Total exports indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Exports by Country

South Africa was the main exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Egypt (X units), comprising an X% share of total exports. The following exporters - Morocco (X units), Nigeria (X units), Tunisia (X units), Cote d'Ivoire (X units), Namibia (X units), Togo (X units) and Mauritius (X units) - together made up X% of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Egypt (X%), Nigeria (X%), Namibia (X%), Cote d'Ivoire (X%), Togo (X%), Morocco (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Tunisia experienced a relatively flat trend pattern. While the share of South Africa (X p.p.), Egypt (X p.p.) and Togo (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Mauritius (X p.p.) and Tunisia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest public works machinery supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Morocco, with an X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, falling by X% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2023, 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 Cote d'Ivoire ($X per unit), while Namibia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Public Works Machinery Imports

Imports in Africa

In 2023, after two years of growth, there was significant decline in supplies from abroad of machinery for public works and building, when their volume decreased by X% to X units. Total imports indicated perceptible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of import peaked at X units in 2022, and then contracted in the following year.

In value terms, public works machinery imports soared to $X in 2023. In general, imports continue to indicate a slight reduction. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa represented the key importer of machinery for public works and building in Africa, with the volume of imports accounting for X units, which was near X% of total imports in 2023. Burkina Faso (X units) ranks second in terms of the total imports with a X% share, followed by Madagascar (X%). Mozambique (X units), Libya (X units), Democratic Republic of the Congo (X units), Egypt (X units), Nigeria (X units), Cote d'Ivoire (X units), Mauritius (X units), Botswana (X units), Morocco (X units) and Tanzania (X units) held a little share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Burkina Faso (X%), Madagascar (X%), Botswana (X%), Cote d'Ivoire (X%), Mauritius (X%), Libya (X%), Morocco (X%), Tanzania (X%), Mozambique (X%), Democratic Republic of the Congo (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Nigeria experienced a relatively flat trend pattern. South Africa (X p.p.), Burkina Faso (X p.p.), Madagascar (X p.p.), Cote d'Ivoire (X p.p.) and Botswana (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Burkina Faso ($X) constitutes the largest market for imported machinery for public works and building in Africa, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Burkina Faso stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 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 ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Source: IndexBox Platform