Africa: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Africa

The African self-propelled excavating machinery market expanded to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a abrupt decrease. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Self-Propelled Excavating Machinery Production in Africa

In value terms, self-propelled excavating machinery production stood at $X in 2023 estimated in export price. Overall, production, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports in Africa

In 2023, exports of self-propelled earth moving, excavating machinery in Africa shrank notably to X units, waning by X% against the previous year. In general, exports showed a noticeable reduction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, self-propelled excavating machinery exports shrank modestly to $X in 2023. Over the period under review, exports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, South Africa (X units) was the largest exporter of self-propelled earth moving, excavating machinery, making up X% of total exports. It was distantly followed by Tanzania (X units), Cote d'Ivoire (X units) and Kenya (X units), together making up a X% share of total exports. Tunisia (X units), Botswana (X units), Zambia (X units), Democratic Republic of the Congo (X units), Ghana (X units), Uganda (X units), Egypt (X units), Namibia (X units) and Rwanda (X units) held a relatively small share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Tanzania (X%), Tunisia (X%), Zambia (X%), Cote d'Ivoire (X%), Rwanda (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Democratic Republic of the Congo and Egypt experienced a relatively flat trend pattern. By contrast, Ghana (X%), Botswana (X%), Uganda (X%) and Namibia (X%) illustrated a downward trend over the same period. Tanzania (X p.p.), Cote d'Ivoire (X p.p.), Zambia (X p.p.), Kenya (X p.p.), Tunisia (X p.p.) and Egypt (X p.p.) significantly strengthened its position in terms of the total exports, while Namibia and South Africa saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest self-propelled excavating machinery supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price enjoyed moderate growth. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2022 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced more modest paces of growth.

Self-Propelled Excavating Machinery Imports

Imports in Africa

In 2023, approx. X units of self-propelled earth moving, excavating machinery were imported in Africa; which is down by X% compared with the year before. In general, imports continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled excavating machinery imports declined markedly to $X in 2023. Over the period under review, imports saw a slight decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nigeria (X units), Burkina Faso (X units), Democratic Republic of the Congo (X units), South Africa (X units), Guinea (X units), Ghana (X units), Zimbabwe (X units), Gambia (X units), Kenya (X units), Cote d'Ivoire (X units), Morocco (X units) and Uganda (X units) represented roughly X% of total imports in 2023. Zambia (X units) took a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Zambia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X), Guinea ($X) and South Africa ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Nigeria, Zambia, Zimbabwe, Ghana, Cote d'Ivoire, Morocco, Kenya, Uganda, Gambia and Burkina Faso lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Nigeria, with a CAGR of X%, 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

In 2023, the import price in Africa amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Gambia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform