Africa: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in Africa

The African mobile lifting frame market was estimated at $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption posted a resilient expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Mobile Lifting Frame Production in Africa

In value terms, mobile lifting frame production amounted to $X in 2022 estimated in export price. In general, production showed a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Mobile Lifting Frame Exports

Exports in Africa

In 2022, mobile lifting frame exports in Africa fell notably to X units, waning by X% against the year before. In general, exports saw a pronounced curtailment. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, mobile lifting frame exports shrank remarkably to $X in 2022. Overall, exports showed a abrupt descent. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa represented the key exporting country with an export of around X units, which reached X% of total exports. Equatorial Guinea (X units) ranks second in terms of the total exports with a X% share, followed by Algeria (X%). The following exporters - Uganda (X units), Ghana (X units), Namibia (X units), Tanzania (X units) and Zambia (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%) 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. Algeria experienced a relatively flat trend pattern. By contrast, Ghana (X%), Zambia (X%), Tanzania (X%), Namibia (X%) and Uganda (X%) illustrated a downward trend over the same period. While the share of Equatorial Guinea (X p.p.) and South Africa (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Namibia (X p.p.) and Uganda (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mobile lifting frame supplying countries in Africa were South Africa ($X), Equatorial Guinea ($X) and Ghana ($X), with a combined X% share of total exports.

Ghana, with a CAGR of X%, saw 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 a decline in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Mobile Lifting Frame Imports

Imports in Africa

In 2022, after two years of growth, there was decline in overseas purchases of mobile lifting frames on tyres and straddle carriers, when their volume decreased by X% to X units. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, mobile lifting frame imports dropped rapidly to $X in 2022. Total imports indicated mild 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. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

Egypt prevails in imports structure, finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X units), constituting a X% share of total imports. Nigeria (X units) and Burundi (X units) followed a long way behind the leaders.

Imports into Egypt increased at an average annual rate of X% from 2012 to 2022. At the same time, Burundi (X%), Cote d'Ivoire (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Burundi emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. While the share of Egypt (X p.p.), Cote d'Ivoire (X p.p.) and Burundi (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Egypt ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. These countries were followed by Burundi, which accounted for a further X%.

In terms of the main importing countries, Burundi, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2019 an increase of X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, 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 Cote d'Ivoire ($X per unit), while Egypt ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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