Africa: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Africa

The African mechanical shovel and excavator market declined to $X.5B in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a deep slump. Over the period under review, the market attained the maximum level at $X.2B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Africa

In value terms, mechanical shovel and excavator production dropped to $X.1B in 2022 estimated in export price. In general, production showed a deep reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X.4B in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports in Africa

In 2022, the amount of mechanical shovels, excavators and shovel loaders exported in Africa fell modestly to X units, which is down by X% compared with the previous year. In general, exports showed a slight reduction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, mechanical shovel and excavator exports rose rapidly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

South Africa dominates exports structure, amounting to X units, which was approx. X% of total exports in 2022. Zambia (X units) held the second position in the ranking, followed by Namibia (X units). All these countries together held near X% share of total exports. The following exporters - Burkina Faso (X units), Cote d'Ivoire (X units), Tunisia (X units), Equatorial Guinea (X units), Botswana (X units), Morocco (X units) and Senegal (X units) - together made up X% of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Equatorial Guinea (X%), Tunisia (X%), Cote d'Ivoire (X%), Zambia (X%), Burkina Faso (X%), Namibia (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Equatorial Guinea emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Senegal experienced a relatively flat trend pattern. By contrast, Morocco (X%) illustrated a downward trend over the same period. Zambia (X p.p.), Namibia (X p.p.), Burkina Faso (X p.p.), Tunisia (X p.p.), Equatorial Guinea (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while Morocco and South Africa saw its share reduced by 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 ($X) remains the largest mechanical shovel and excavator supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

In South Africa, mechanical shovel and excavator exports remained relatively stable over the period from 2012-2022. 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

The export price in Africa stood at $X per unit in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 South Africa ($X per unit), while Morocco ($X per unit) was amongst the lowest.

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

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports in Africa

In 2022, mechanical shovel and excavator imports in Africa fell slightly to X units, almost unchanged from 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, leveling off in the following year.

In value terms, mechanical shovel and excavator imports soared to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X units), followed by Democratic Republic of the Congo (X units), Ghana (X units), Egypt (X units) and Angola (X units) represented the largest importers of mechanical shovels, excavators and shovel loaders, together achieving X% of total imports. The following importers - Nigeria (X units), Tanzania (X units), Morocco (X units), Zimbabwe (X units), Sudan (X units), Cote d'Ivoire (X units), Zambia (X units) and Senegal (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 key importing countries, was attained by Democratic Republic of the Congo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported mechanical shovels, excavators and shovel loaders in Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

In South Africa, mechanical shovel and excavator imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, showed a slight decrease. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 South Africa ($X per unit), while Sudan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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