South Africa: Market for Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Numerically Controlled Sharpening Machines For Working Metal in South Africa

In 2022, the South African numerically controlled sharpening machine market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a perceptible setback. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Numerically Controlled Sharpening Machines For Working Metal in South Africa

In value terms, numerically controlled sharpening machine production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports from South Africa

In 2022, shipments abroad of numerically controlled sharpening machines for working metal increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, numerically controlled sharpening machine exports soared to $X in 2022. Overall, exports posted a prominent expansion. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Madagascar (X units), Burundi (X units) and Germany (X units) were the main destinations of numerically controlled sharpening machine exports from South Africa, together comprising X% of total exports. Moreover, numerically controlled sharpening machine exports in Madagascar exceeded the figures recorded by the second-largest exporter, Burundi, twofold.

From 2012 to 2022, the biggest increases were recorded for Madagascar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for numerically controlled sharpening machines for working metal exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports. It was followed by Swaziland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Swaziland (X% per year).

Export Prices by Country

The average numerically controlled sharpening machine export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Madagascar ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports into South Africa

In 2022, numerically controlled sharpening machine imports into South Africa declined markedly to X units, shrinking by X% against 2021 figures. In general, imports showed a precipitous setback. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled sharpening machine imports soared to $X in 2022. Over the period under review, imports recorded a abrupt decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Spain (X units) and Australia (X units) were the main suppliers of numerically controlled sharpening machine imports to South Africa, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of numerically controlled sharpening machines for working metal to South Africa, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

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

Import Prices by Country

The average numerically controlled sharpening machine import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price posted significant growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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