Africa: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Africa

The African conveyor or transmission belt market expanded modestly to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Africa

In value terms, conveyor or transmission belt production expanded modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports in Africa

In 2023, exports of conveyor or transmission belts or belting in Africa rose slightly to X tons, surging by X% on the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, conveyor or transmission belt exports expanded notably to $X in 2023. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of conveyor or transmission belts or belting, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the conveyor or transmission belts or belting exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest conveyor or transmission belt supplier in Africa.

In South Africa, conveyor or transmission belt exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price, however, showed a mild contraction. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

Imports of Conveyor Or Transmission Belts Or Belting

Imports in Africa

In 2023, overseas purchases of conveyor or transmission belts or belting increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, conveyor or transmission belt imports rose rapidly to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa was the key importing country with an import of about X tons, which accounted for X% of total imports. Morocco (X tons) ranks second in terms of the total imports with a X% share, followed by Nigeria (X%). The following importers - Zambia (X tons), Ghana (X tons), Egypt (X tons), Algeria (X tons), Guinea (X tons), Democratic Republic of the Congo (X tons), Tanzania (X tons), Botswana (X tons), Zimbabwe (X tons) and Tunisia (X tons) - together made up X% of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of conveyor or transmission belts or belting. At the same time, Democratic Republic of the Congo (X%), Guinea (X%), Zambia (X%), Botswana (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Tanzania, Morocco and Zimbabwe experienced a relatively flat trend pattern. By contrast, Algeria (X%), Tunisia (X%), Nigeria (X%) and Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Democratic Republic of the Congo, Guinea, Zambia and South Africa 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, the largest conveyor or transmission belt importing markets in Africa were South Africa ($X), Morocco ($X) and Egypt ($X), with a combined X% share of total imports. Algeria, Nigeria, Zambia, Tunisia, Ghana, Democratic Republic of the Congo, Guinea, Zimbabwe, Botswana and Tanzania lagged somewhat behind, together accounting for a further X%.

Guinea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 2023, the import price in Africa amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Egypt ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform