SADC: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in SADC

In 2022, the SADC lathe for removing metal market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a pronounced shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Lathes For Removing Metal in SADC

In value terms, lathe for removing metal production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports in SADC

In 2022, approx. X units of lathes for removing metal were exported in SADC; jumping by X% compared with the year before. In general, exports posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the lafor removing metal exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, lathe for removing metal exports contracted to $X in 2022. Over the period under review, exports, however, continue to indicate a slight setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the lafor removing metal exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Botswana (X units), generating a X% share of total exports. Swaziland (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lathe for removing metal exports from South Africa stood at X%. At the same time, Swaziland (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. South Africa (X p.p.) and Swaziland (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest lathe for removing metal supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Swaziland ($X), with a X% share of total exports.

In South Africa, lathe for removing metal exports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Swaziland (X% per year) and Botswana (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, falling by X% against the previous year. In general, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($X per unit), while Botswana ($X per unit) was amongst the lowest.

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

Imports of Lathes For Removing Metal

Imports in SADC

In 2022, the amount of lathes for removing metal imported in SADC skyrocketed to X units, jumping by X% on the previous year's figure. Over the period under review, imports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, lathe for removing metal imports surged to $X in 2022. In general, imports, however, saw a noticeable reduction. Over the period under review, lafor removing metal imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa prevails in imports structure, amounting to X units, which was near X% of total imports in 2022. It was distantly followed by Mauritius (X units) and Mozambique (X units), together comprising a X% share of total imports. Botswana (X units), Democratic Republic of the Congo (X units), Zimbabwe (X units) and Tanzania (X units) took a relatively small share of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritius (X%), Mozambique (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Tanzania (X%), Botswana (X%) and Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mauritius, Mozambique and Democratic Republic of the Congo increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported lathes for removing metal in SADC, comprising X% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

In South Africa, lathe for removing metal imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Zimbabwe (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Zimbabwe ($X per unit), while Mozambique ($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 more modest paces of growth.

Source: IndexBox Platform

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