
South Africa - Planing, Milling or Moulding Machines - Market Analysis, Forecast, Size, Trends and Insights
South Africa: Wood Milling Machine Market 2022
Wood Milling Machine Market Size in South Africa
The South African wood milling machine market soared to $X in 2021, with an increase of 49% against the previous year. Overall, consumption showed strong growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.
Wood Milling Machine Production in South Africa
In value terms, wood milling machine production surged to $X in 2021 estimated in export price. Overall, production enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 158%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.
Wood Milling Machine Exports
Exports from South Africa
For the fourth consecutive year, South Africa recorded decline in overseas shipments of planing, milling or moulding machines, which decreased by -4.1% to X units in 2021. In general, exports faced a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 172% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
In value terms, wood milling machine exports rose significantly to $X in 2021. Over the period under review, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 167%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.
Exports by Country
Democratic Republic of the Congo (X units), Zimbabwe (X units) and Swaziland (X units) were the main destinations of wood milling machine exports from South Africa, together comprising 73% of total exports. Zambia, Namibia, Botswana and Mozambique lagged somewhat behind, together comprising a further 26%.
From 2012 to 2021, the biggest increases were in Namibia (with a CAGR of +4.4%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the largest markets for wood milling machine exported from South Africa were Zimbabwe ($X), Swaziland ($X) and Zambia ($X), with a combined 64% share of total exports. These countries were followed by Democratic Republic of the Congo, Mozambique, Namibia and Botswana, which together accounted for a further 31%.
Among the main countries of destination, Democratic Republic of the Congo, with a CAGR of +41.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Export Prices by Country
The average wood milling machine export price stood at $X per unit in 2021, with an increase of 12% against the previous year. Over the period under review, the export price saw a prominent increase. The growth pace was the most rapid in 2014 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Mozambique ($X per unit), while the average price for exports to Botswana ($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 Rwanda (+40.0%), while the prices for the other major destinations experienced more modest paces of growth.
Wood Milling Machine Imports
Imports into South Africa
In 2021, overseas purchases of planing, milling or moulding machines increased by 200% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a remarkable increase. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.
In value terms, wood milling machine imports soared to $X in 2021. Over the period under review, imports saw a tangible expansion. The pace of growth appeared the most rapid in 2014 with an increase of 185% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.
Imports by Country
In 2021, China (X units) constituted the largest supplier of wood milling machine to South Africa, with a 84% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. Portugal (X units) ranked third in terms of total imports with a 2.7% share.
From 2012 to 2021, the average annual growth rate of volume from China stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.6% per year) and Portugal (0.0% per year).
In value terms, China ($X) constituted the largest supplier of wood milling machine to South Africa, comprising 69% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 7.2% share of total imports. It was followed by Germany, with a 4.7% share.
From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.6% per year) and Germany (-13.9% per year).
Import Prices by Country
The average wood milling machine import price stood at $X per unit in 2021, declining by -39.1% against the previous year. In general, the import price showed a perceptible reduction. The pace of growth was the most pronounced in 2014 when the average import price increased by 44%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wood milling machine market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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