Africa: Gouges And Chisels Market 2024

Gouges And Chisels Market Size in Africa

The African gouges and chisels market stood at $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, recorded a mild downturn. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Gouges And Chisels Production in Africa

In value terms, gouges and chisels production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Gouges And Chisels Exports

Exports in Africa

Gouges and chisels exports contracted to X tons in 2022, declining by X% against 2021. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, gouges and chisels exports fell remarkably to $X in 2022. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Rwanda (X tons), making up a X% share of total exports. The following exporters - Namibia (X tons) and Nigeria (X tons) - each recorded a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Rwanda (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Namibia (X%) illustrated a downward trend over the same period. South Africa (X p.p.) and Rwanda (X p.p.) significantly strengthened its position in terms of the total exports, while Namibia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest gouges and chisels supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Rwanda ($X), with a X% share of total exports. It was followed by Namibia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Rwanda (X% per year) and Namibia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Gouges And Chisels Imports

Imports in Africa

Gouges and chisels imports soared to X tons in 2022, rising by X% against the year before. Overall, imports, however, continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, gouges and chisels imports declined to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons) was the largest importer of planes, chisels and gouges for working wood, constituting X% of total imports. Algeria (X tons) ranks second in terms of the total imports with a X% share, followed by Ghana (X%), South Africa (X%) and Tanzania (X%). The following importers - Congo (X tons), Ethiopia (X tons), Libya (X tons), Democratic Republic of the Congo (X tons), Angola (X tons), Cote d'Ivoire (X tons), Zimbabwe (X tons) and Egypt (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to gouges and chisels imports into Nigeria stood at X%. At the same time, Ethiopia (X%), Libya (X%), Cote d'Ivoire (X%), Algeria (X%), Congo (X%), Ghana (X%), Egypt (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Ethiopia emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. South Africa experienced a relatively flat trend pattern. By contrast, Democratic Republic of the Congo (X%), Angola (X%) and Tanzania (X%) illustrated a downward trend over the same period. While the share of Algeria (X p.p.), Ghana (X p.p.), Ethiopia (X p.p.), Congo (X p.p.), Libya (X p.p.), Democratic Republic of the Congo (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tanzania (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gouges and chisels importing markets in Africa were Ghana ($X), Algeria ($X) and South Africa ($X), with a combined X% share of total imports.

Among the main importing countries, Algeria, with a CAGR of X%, recorded 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 ton, declining by X% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price 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. Based on 2022 figures, gouges and chisels import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then contracted rapidly in the following year.

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 Egypt ($X per ton), while Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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