Africa: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Africa

The African market for parts of harvester and threshers contracted modestly to $X in 2021, with a decrease of -3.8% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Parts Of Harvester And Threshers in Africa

In value terms, parts of harvester and threshers production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 28%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Exports of Parts Of Harvester And Threshers

Exports in Africa

In 2021, shipments abroad of parts of harvester and threshers increased by 35% to X units, rising for the second year in a row after five years of decline. In general, exports, however, recorded a pronounced decrease. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, parts of harvester and threshers exports surged to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, resulting at X units, which was approx. 79% of total exports in 2021. It was distantly followed by Uganda (X units), constituting a 9.2% share of total exports. The following exporters - Sierra Leone (X units) and Tanzania (X units) - together made up 4.4% of total exports.

From 2012 to 2021, average annual rates of growth with regard to parts of harvester and threshers exports from South Africa stood at -4.3%. At the same time, Sierra Leone (+78.2%), Tanzania (+75.8%) and Uganda (+37.4%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in Africa, with a CAGR of +78.2% from 2012-2021. While the share of Uganda (+8.8 p.p.), Sierra Leone (+2.6 p.p.) and Tanzania (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Africa (-16.8 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest parts of harvester and threshers supplier in Africa, comprising 70% of total exports. The second position in the ranking was taken by Uganda ($X), with an 18% share of total exports. It was followed by Sierra Leone, with a 2.7% share.

In South Africa, parts of harvester and threshers exports contracted by an average annual rate of -2.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uganda (+48.1% per year) and Sierra Leone (+74.9% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2021, reducing by -5.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2019 when the export price increased by 34%. The level of export peaked at $X per unit in 2020, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uganda ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uganda (+7.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Parts Of Harvester And Threshers

Imports in Africa

Parts of harvester and threshers imports skyrocketed to X units in 2021, rising by 79% compared with 2020. In general, imports continue to indicate temperate growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers imports skyrocketed to $X in 2021. Overall, imports recorded a pronounced expansion. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Algeria (X units) and South Africa (X units) represented roughly 60% of total imports in 2021. It was distantly followed by Sudan (X units), making up a 7.7% share of total imports. Libya (X units), Tunisia (X units), Morocco (X units), Kenya (X units), Zimbabwe (X units), Senegal (X units), Nigeria (X units) and Egypt (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sudan (with a CAGR of +23.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Algeria ($X) and Sudan ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 73% of total imports.

Among the main importing countries, Sudan, with a CAGR of +21.3%, saw the highest rates of growth with regard to 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

The import price in Africa stood at $X per unit in 2021, falling by -4.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by 8.2%. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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