Africa: Unit Construction Machine Market 2024

Unit Construction Machine Market Size in Africa

The African unit construction machine market was finally on the rise to reach $X in 2023, after two years of decline. Overall, consumption, however, continues to indicate a perceptible slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Unit Construction Machine Production in Africa

In value terms, unit construction machine production contracted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Unit Construction Machine Exports

Exports in Africa

After two years of growth, shipments abroad of unit construction machines for working metal decreased by X% to X units in 2023. Overall, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, unit construction machine exports dropped markedly to $X in 2023. Over the period under review, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Tunisia dominates exports structure, accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by South Africa (X units), creating a X% share of total exports. The following exporters - Namibia (X units) and Senegal (X units) - together made up X% of total exports.

Tunisia was also the fastest-growing in terms of the unit construction machines for working metal exports, with a CAGR of X% from 2012 to 2023. At the same time, Namibia (X%) displayed positive paces of growth. Senegal experienced a relatively flat trend pattern. By contrast, South Africa (X%) illustrated a downward trend over the same period. While the share of Tunisia (X p.p.), Namibia (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, Tunisia ($X) remains the largest unit construction machine supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with an X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Tunisia totaled X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced a decline in the export price figures.

Unit Construction Machine Imports

Imports in Africa

Unit construction machine imports soared to X units in 2023, growing by X% against the previous year's figure. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, unit construction machine imports contracted significantly to $X in 2023. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

South Africa dominates imports structure, accounting for X units, which was approx. X% of total imports in 2023. The following importers - Cameroon (X units), Algeria (X units), Libya (X units), Ghana (X units), Morocco (X units), Uganda (X units) and Tunisia (X units) - together made up X% of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Morocco (X%), Cameroon (X%), Ghana (X%) and Libya (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Algeria (X%), Tunisia (X%) and Uganda (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Africa, Cameroon, Libya, Ghana, Algeria and Morocco increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest unit construction machine importing markets in Africa were South Africa ($X), Morocco ($X) and Algeria ($X), together comprising X% of total imports.

Among the main importing countries, Morocco, with a CAGR of X%, recorded 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 2023, shrinking by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Uganda ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform