SADC: Plough Market 2024

Plough Market Size in SADC

The SADC plough market expanded remarkably to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a pronounced expansion 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 2019 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Plough Production in SADC

In value terms, plough production contracted slightly to $X in 2022 estimated in export price. The total production indicated a perceptible 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Plough Exports

Exports in SADC

In 2022, approx. X units of ploughs for agricultural purposes were exported in SADC; picking up by X% on 2021. In general, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plough exports surged to $X in 2022. Over the period under review, exports, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Zimbabwe (X units) represented the key exporter of ploughs for agricultural purposes, generating X% of total exports. South Africa (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Zambia (X%). Mozambique (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, South Africa ($X) remains the largest plough supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a X% share of total exports. It was followed by Mozambique, with a X% share.

In South Africa, plough exports plunged by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Mozambique (X% per year).

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, rising by X% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price 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, plough export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Zambia ($X per unit) was amongst the lowest.

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

Plough Imports

Imports in SADC

In 2022, supplies from abroad of ploughs for agricultural purposes increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plough imports totaled $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Zambia (X units) represented the major importer of ploughs for agricultural purposes, mixing up X% of total imports. It was distantly followed by Tanzania (X units), Mozambique (X units), Angola (X units), Zimbabwe (X units), Botswana (X units), South Africa (X units) and Namibia (X units), together achieving a X% share of total imports.

Imports into Zambia increased at an average annual rate of X% from 2012 to 2022. At the same time, Mozambique (X%), Zimbabwe (X%) and Tanzania (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, Botswana (X%), Namibia (X%), South Africa (X%) and Angola (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Zambia, Tanzania, Mozambique and Zimbabwe increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tanzania ($X), Zambia ($X) and South Africa ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Mozambique, Angola, Zimbabwe, Botswana and Namibia lagged somewhat behind, together accounting for a further X%.

Mozambique, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per unit in 2021, and then dropped rapidly in the following year.

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 South Africa ($X per unit), while Zambia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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