South Africa: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in South Africa

The South African metal broaching machine market shrank to $X.2B in 2022, dropping by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced shrinkage. As a result, consumption attained the peak level of $X.2B. From 2014 to 2022, the growth of the market remained at a lower figure.

Metal Broaching Machine Production in South Africa

In value terms, metal broaching machine production reduced to $X.2B in 2022 estimated in export price. Overall, production recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X.5B in 2013; however, from 2014 to 2022, production failed to regain momentum.

Metal Broaching Machine Exports

Exports from South Africa

In 2022, approx. X units of broaching machines for working metal were exported from South Africa; jumping by X% compared with 2021. Overall, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal broaching machine exports dropped to $X in 2022. In general, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Zimbabwe (X units) was the main destination for metal broaching machine exports from South Africa, with a X% share of total exports. Moreover, metal broaching machine exports to Zimbabwe exceeded the volume sent to the second major destination, Lesotho (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Zimbabwe amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (X% per year) and Mozambique (X% per year).

In value terms, Mozambique ($X) emerged as the key foreign market for broaching machines for working metal exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Mozambique totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Lesotho (X% per year).

Export Prices by Country

The average metal broaching machine export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while the average price for exports to Zimbabwe ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Broaching Machine Imports

Imports into South Africa

In 2022, purchases abroad of broaching machines for working metal increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, metal broaching machine imports dropped significantly to $X in 2022. Overall, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest metal broaching machine supplier to South Africa, accounting for a X% share of total imports. Moreover, metal broaching machine imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of broaching machines for working metal to South Africa, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United States (X% per year).

Import Prices by Country

The average metal broaching machine import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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