Africa: Thermoforming Machine Market 2024

Thermoforming Machine Market Size in Africa

The African thermoforming machine market stood at $X.8B in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, enjoyed a buoyant expansion. The level of consumption peaked at $X.7B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Thermoforming Machine Production in Africa

In value terms, thermoforming machine production totaled $X.9B in 2022 estimated in export price. Over the period under review, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X.2B in 2020; however, from 2021 to 2022, production remained at a lower figure.

Thermoforming Machine Exports

Exports in Africa

In 2022, the amount of thermoforming machines for working rubber or plastics exported in Africa plummeted to X units, which is down by X% compared with 2021 figures. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, thermoforming machine exports dropped markedly to $X in 2022. In general, exports, however, showed measured growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

In 2022, Gambia (X units), Morocco (X units) and South Africa (X units) represented the largest exporter of thermoforming machines for working rubber or plastics in Africa, making up X% of total export. Ghana (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (X%). Botswana (X units), Zambia (X units), Egypt (X units), Equatorial Guinea (X units), Kenya (X units), Namibia (X units), Nigeria (X units) and Senegal (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 Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Gambia ($X) emerged as the largest thermoforming machine supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Gambia was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price, however, saw a noticeable increase. The pace of growth was the most pronounced in 2020 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then contracted sharply in the following year.

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

From 2012 to 2022, 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.

Thermoforming Machine Imports

Imports in Africa

In 2022, overseas purchases of thermoforming machines for working rubber or plastics increased by X% to X units, rising for the second year in a row after two years of decline. Total imports indicated a temperate increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, thermoforming machine imports expanded remarkably to $X in 2022. Total imports indicated a resilient increase 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

Nigeria represented the key importing country with an import of around X units, which recorded X% of total imports. It was distantly followed by Egypt (X units), South Africa (X units), Algeria (X units), Gambia (X units), Lesotho (X units) and Ghana (X units), together creating a X% share of total imports. Tunisia (X units), Morocco (X units), Uganda (X units), Angola (X units), Kenya (X units) and Democratic Republic of the Congo (X units) held a little share of total imports.

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

In value terms, Egypt ($X), Nigeria ($X) and South Africa ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Algeria, Ghana, Morocco, Tunisia, Angola, Uganda, Kenya, Democratic Republic of the Congo, Gambia and Lesotho lagged somewhat behind, together comprising a further X%.

Lesotho, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Africa stood at $X per unit in 2022, with a decrease of X% against the previous year. Import price indicated a temperate 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, thermoforming machine import price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per unit), while Gambia ($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 more modest paces of growth.

Source: IndexBox Platform

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