South Africa: Stone Polishing Machine Market 2023

Stone Polishing Machine Market Size in South Africa

In 2021, the South African stone polishing machine market increased by 36% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption enjoyed a remarkable increase. Stone polishing machine consumption peaked in 2021 and is likely to continue growth in the immediate term.

Stone Polishing Machine Production in South Africa

In value terms, stone polishing machine production contracted significantly to $X in 2021 estimated in export price. In general, production faced a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of 14%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Stone Polishing Machine Exports

Exports from South Africa

In 2021, stone polishing machine exports from South Africa contracted markedly to X units, waning by -34.7% compared with the year before. Overall, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2014 when exports increased by 18% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, stone polishing machine exports rose significantly to $X in 2021. Over the period under review, exports recorded a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 47% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mozambique (X units) was the main destination for stone polishing machine exports from South Africa, accounting for a 58% share of total exports. Moreover, stone polishing machine exports to Mozambique exceeded the volume sent to the second major destination, Zambia (X units), fourfold. Swaziland (X units) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume to Mozambique stood at -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (-6.2% per year) and Swaziland (-14.5% per year).

In value terms, the largest markets for stone polishing machine exported from South Africa were Ethiopia ($X), Zimbabwe ($X) and Zambia ($X), together comprising 66% of total exports.

Among the main countries of destination, Ethiopia, with a CAGR of +224.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stone polishing machine export price stood at $X per unit in 2021, jumping by 72% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 120%. The export price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+46.6%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into South Africa

In 2021, supplies from abroad of grinding or polishing machines for working stone, ceramics and concrete was finally on the rise to reach X units after four years of decline. Overall, imports, however, continue to indicate a abrupt descent. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, stone polishing machine imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a deep slump. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest stone polishing machine supplier to South Africa, accounting for a 69% share of total imports. Moreover, stone polishing machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Israel (X units), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.9% per year) and Israel (-0.5% per year).

In value terms, Italy ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to South Africa, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by Sweden, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.5% per year) and Sweden (-12.8% per year).

Import Prices by Country

In 2021, the average stone polishing machine import price amounted to $X per unit, shrinking by -40.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then dropped markedly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+38.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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