Africa: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Africa

The African ride-on compaction equipment market totaled $X in 2022, rising by X% against the previous year. The total consumption indicated resilient 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. Based on 2022 figures, consumption decreased by X% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Ride-On Compaction Equipment Production in Africa

In value terms, ride-on compaction equipment production dropped to $X in 2022 estimated in export price. In general, production saw strong growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Ride-On Compaction Equipment Exports

Exports in Africa

In 2022, the amount of ride-on compaction equipment exported in Africa shrank to X units, dropping by X% on the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, ride-on compaction equipment exports fell to $X in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa represented the major exporting country with an export of about X units, which amounted to X% of total exports. Zambia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (X%) and Botswana (X%). Burkina Faso (X units), Uganda (X units), Niger (X units), Morocco (X units) and Gabon (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Tunisia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest ride-on compaction equipment supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

In South Africa, ride-on compaction equipment exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Tunisia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 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 Gabon ($X per unit), while Botswana ($X per unit) was amongst the lowest.

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

Ride-On Compaction Equipment Imports

Imports in Africa

In 2022, purchases abroad of ride-on compaction equipment increased by X% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, ride-on compaction equipment imports rose modestly to $X in 2022. In general, imports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X units) represented the main importer of ride-on compaction equipment, making up X% of total imports. Cote d'Ivoire (X units) ranks second in terms of the total imports with a X% share, followed by Egypt (X%), Zimbabwe (X%) and Nigeria (X%). Morocco (X units), Democratic Republic of the Congo (X units), Ghana (X units), Niger (X units), Tanzania (X units), Ethiopia (X units), Algeria (X units) and Kenya (X units) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of ride-on compaction equipment. At the same time, Zimbabwe (X%), Egypt (X%), Democratic Republic of the Congo (X%), Cote d'Ivoire (X%), Niger (X%), Morocco (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%), Tanzania (X%), Kenya (X%), Ethiopia (X%) and Algeria (X%) illustrated a downward trend over the same period. Egypt (X p.p.), Cote d'Ivoire (X p.p.), Zimbabwe (X p.p.), Democratic Republic of the Congo (X p.p.), Niger (X p.p.), South Africa (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the total imports, while Kenya, Ethiopia and Algeria saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X), South Africa ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Egypt, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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, declining by X% against the previous year. In general, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform