SADC: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in SADC

The SADC balancing mechanical parts machine market declined modestly to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X.9B in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Machines For Balancing Mechanical Parts in SADC

In value terms, balancing mechanical parts machine production contracted slightly to $X.1B in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X.8B. From 2019 to 2022, production growth remained at a lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports in SADC

In 2022, overseas shipments of machines for balancing mechanical parts increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a mild decline. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, balancing mechanical parts machine exports surged to $X in 2022. In general, exports enjoyed noticeable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, South Africa (X units) represented the largest exporter of machines for balancing mechanical parts in SADC, comprising X% of total export.

South Africa was also the fastest-growing in terms of the machines for balancing mechanical parts exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest balancing mechanical parts machine supplier in SADC.

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

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price saw strong growth. The pace of growth was the most pronounced in 2019 an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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 Machines For Balancing Mechanical Parts

Imports in SADC

For the third year in a row, SADC recorded growth in supplies from abroad of machines for balancing mechanical parts, which increased by X% to X units in 2022. Over the period under review, imports recorded buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, balancing mechanical parts machine imports shrank slightly to $X in 2022. Overall, imports, however, continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

South Africa was the major importer of machines for balancing mechanical parts in SADC, with the volume of imports finishing at X units, which was near X% of total imports in 2022. Mozambique (X units) took the second position in the ranking, distantly followed by Lesotho (X units). All these countries together held near X% share of total imports. Tanzania (X units), Zimbabwe (X units), Democratic Republic of the Congo (X units) and Angola (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to balancing mechanical parts machine imports into South Africa stood at X%. At the same time, Democratic Republic of the Congo (X%), Mozambique (X%), Lesotho (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Zimbabwe experienced a relatively flat trend pattern. By contrast, Angola (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Mozambique (X p.p.), Lesotho (X p.p.) and Democratic Republic of the Congo (X p.p.) significantly strengthened its position in terms of the total imports, while Zimbabwe and Angola 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, South Africa ($X) constitutes the largest market for imported machines for balancing mechanical parts in SADC, comprising X% of total imports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with an X% share of total imports. It was followed by Zimbabwe, 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 Zimbabwe (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, shrinking by X% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Democratic Republic of the Congo ($X per unit), while Lesotho ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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