SADC: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in SADC

The SADC grinding and sharpening machine market expanded to $X in 2022, picking up by X% against the previous year. In general, consumption continues to indicate a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Grinding And Sharpening Metal Finishing Machines in SADC

In value terms, grinding and sharpening machine production stood at $X in 2022 estimated in export price. Over the period under review, production saw prominent growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports in SADC

In 2022, overseas shipments of grinding and sharpening metal finishing machines decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, grinding and sharpening machine exports amounted to $X in 2022. Overall, exports saw a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X units) represented roughly X% of total exports in 2022.

South Africa was also the fastest-growing in terms of the grinding and sharpening metal finishing machines exports, with a CAGR of X% from 2012 to 2022. While the share of South Africa (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest grinding and sharpening machine supplier in SADC.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, with an increase of X% against the previous year. In general, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports in SADC

In 2022, the amount of grinding and sharpening metal finishing machines imported in SADC surged to X units, jumping by X% against 2021 figures. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, grinding and sharpening machine imports reached $X in 2022. Overall, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Mozambique (X units), committing a X% share of total imports. Seychelles (X units), Mauritius (X units), Botswana (X units), Zambia (X units) and Swaziland (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to grinding and sharpening machine imports into South Africa stood at X%. At the same time, Swaziland (X%), Mauritius (X%), Zambia (X%) and Mozambique (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Botswana (X%) and Seychelles (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) and Swaziland (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mozambique (X p.p.), Botswana (X p.p.) and Seychelles (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported grinding and sharpening metal finishing machines in SADC, comprising X% of total imports. The second position in the ranking was taken by Zambia ($X), with a X% share of total imports. It was followed by Botswana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Zambia (X% per year) and Botswana (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, reducing by X% against the previous year. Overall, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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 Zambia ($X per unit), while Seychelles ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Seychelles (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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