SADC: Boring Machinery Market 2024

Boring Machinery Market Size in SADC

The SADC boring machinery market fell to $X.6B in 2022, shrinking by X% against the previous year. Overall, consumption, however, enjoyed significant growth. As a result, consumption reached the peak level of $X.1B. From 2020 to 2022, the growth of the market failed to regain momentum.

Boring Machinery Production in SADC

In value terms, boring machinery production reached $X.9B in 2022 estimated in export price. Over the period under review, production, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X.6B in 2020; however, from 2021 to 2022, production remained at a lower figure.

Boring Machinery Exports

Exports in SADC

In 2022, approx. X units of boring or sinking machinery were exported in SADC; falling by X% against 2021 figures. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, boring machinery exports declined markedly to $X in 2022. Overall, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, recording X units, which was approx. X% of total exports in 2022. Botswana (X units) and Lesotho (X units) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of boring or sinking machinery. At the same time, Lesotho (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Botswana and Lesotho increased by X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest boring machinery supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Botswana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Botswana (X% per year) and Lesotho (X% per year).

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked 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 Botswana ($X per unit), while South Africa ($X per unit) was amongst the lowest.

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

Boring Machinery Imports

Imports in SADC

Boring machinery imports soared to X units in 2022, jumping by X% on the previous year. Overall, imports, however, showed a slight contraction. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, boring machinery imports soared to $X in 2022. Over the period under review, imports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X units) represented the key importer of boring or sinking machinery, achieving X% of total imports. Botswana (X units) ranks second in terms of the total imports with a X% share, followed by Democratic Republic of the Congo (X%). The following importers - Tanzania (X units), Zimbabwe (X units) and Angola (X units) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to boring machinery imports into South Africa stood at X%. At the same time, Botswana (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Tanzania (X%), Angola (X%) and Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. Botswana (X p.p.) and Democratic Republic of the Congo (X p.p.) significantly strengthened its position in terms of the total imports, while Angola and South Africa saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Democratic Republic of the Congo ($X), South Africa ($X) and Tanzania ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Democratic Republic of the Congo, with a CAGR of X%, recorded 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

The import price in SADC stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a mild slump. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2018; however, from 2019 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 Democratic Republic of the Congo ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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