SADC: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in SADC

The SADC machine-tool for working metal market contracted markedly to $X in 2022, waning by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Machine Tools For Working Metal in SADC

In value terms, machine-tool for working metal production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Machine Tools For Working Metal

Exports in SADC

In 2022, machine-tool for working metal exports in SADC declined modestly to X units, standing approx. at 2021. Overall, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2015 when exports increased by X%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, machine-tool for working metal exports surged to $X in 2022. Over the period under review, exports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, finishing at X units, which was approx. X% of total exports in 2022. Tanzania (X units) followed a long way behind the leaders.

South Africa was also the fastest-growing in terms of the machine tools for working metal exports, with a CAGR of X% from 2012 to 2022. At the same time, Tanzania (X%) displayed positive paces of growth. South Africa (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 ($X) remains the largest machine-tool for working metal supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports.

In South Africa, machine-tool for working metal exports decreased 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, picking up by X% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while South Africa totaled $X per unit.

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

Imports of Machine Tools For Working Metal

Imports in SADC

Machine-tool for working metal imports reduced sharply to X units in 2022, waning by X% on the previous year. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then declined significantly in the following year.

In value terms, machine-tool for working metal imports contracted markedly to $X in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

South Africa prevails in imports structure, amounting to X units, which was approx. X% of total imports in 2022. It was distantly followed by Mozambique (X units), comprising a X% share of total imports. Mauritius (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for working metal imports into South Africa stood at X%. At the same time, Mozambique (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Mauritius (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa and Mozambique increased by X and X percentage points, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported machine tools for working metal in SADC, comprising X% of total imports. The second position in the ranking was held by Mozambique ($X), with a X% share of total imports.

In South Africa, machine-tool for working metal imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mozambique (X% per year) and Mauritius (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, stabilizing at the previous year. In general, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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