SADC: Loading Machinery Market 2024

Loading Machinery Market Size in SADC

The SADC loading machinery market shrank significantly to $X.6B in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, enjoyed a prominent increase. The level of consumption peaked at $X.3B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Loading Machinery Production in SADC

In value terms, loading machinery production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, posted buoyant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Loading Machinery Exports

Exports in SADC

In 2022, shipments abroad of lifting, handling, loading or unloading machinery increased by X% to X units, rising for the second year in a row after four years of decline. Over the period under review, exports, however, saw a noticeable contraction. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, loading machinery exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a perceptible setback. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, recording X units, which was near X% of total exports in 2022. It was distantly followed by Angola (X units), making up an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to loading machinery exports from South Africa stood at X%. At the same time, Angola (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Angola increased by X percentage points.

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

In South Africa, loading machinery exports declined by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price, however, posted a temperate increase. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then shrank in the following year.

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 Angola ($X per unit), while South Africa stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Loading Machinery Imports

Imports in SADC

Loading machinery imports soared to X units in 2022, increasing by X% on 2021. Over the period under review, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, loading machinery imports surged to $X in 2022. In general, imports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Mozambique (X units) represented the largest importer of lifting, handling, loading or unloading machinery, comprising X% of total imports. It was distantly followed by South Africa (X units), committing an X% share of total imports. The following importers - Zimbabwe (X units), Tanzania (X units), Angola (X units), Zambia (X units) and Democratic Republic of the Congo (X units) - together made up X% of total imports.

Mozambique was also the fastest-growing in terms of the lifting, handling, loading or unloading machinery imports, with a CAGR of X% from 2012 to 2022. At the same time, Zimbabwe (X%) and Tanzania (X%) displayed positive paces of growth. Zambia experienced a relatively flat trend pattern. By contrast, Democratic Republic of the Congo (X%), South Africa (X%) and Angola (X%) illustrated a downward trend over the same period. Mozambique (X p.p.) and Democratic Republic of the Congo (X p.p.) significantly strengthened its position in terms of the total imports, while Zambia, South Africa and Angola saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported lifting, handling, loading or unloading machinery in SADC, comprising X% of total imports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Democratic Republic of the Congo (X% per year) and Tanzania (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 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 ($X per unit), while Mozambique ($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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