Africa: Accumulator Market 2024

Accumulator Market Size in Africa

For the sixth consecutive year, the African accumulator market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Accumulator Production in Africa

In value terms, accumulator production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Accumulator Exports

Exports in Africa

Accumulator exports totaled X units in 2022, growing by X% against 2021 figures. Overall, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, accumulator exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

South Africa was the main exporting country with an export of about X units, which resulted at X% of total exports. Kenya (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (X%), Egypt (X%) and Morocco (X%). The following exporters - Togo (X units) and Zimbabwe (X units) - each finished at a X% share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Togo (X%), Egypt (X%), Morocco (X%), Kenya (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Tunisia (X%) illustrated a downward trend over the same period. While the share of Egypt (X p.p.), South Africa (X p.p.), Morocco (X p.p.), Kenya (X p.p.) and Togo (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Tunisia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest accumulator supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Kenya, with a X% share.

In South Africa, accumulator exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Kenya (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per unit), while Togo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced mixed trends in the export price figures.

Accumulator Imports

Imports in Africa

For the sixth year in a row, Africa recorded growth in overseas purchases of electric accumulators, which increased by X% to X units in 2022. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, accumulator imports surged to $X in 2022. In general, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa was the main importer of electric accumulators in Africa, with the volume of imports resulting at X units, which was near X% of total imports in 2022. Kenya (X units) held the second position in the ranking, followed by Egypt (X units), Mozambique (X units) and Ghana (X units). All these countries together took near X% share of total imports. Nigeria (X units), Cote d'Ivoire (X units), Tanzania (X units) and Algeria (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to accumulator imports into South Africa stood at X%. At the same time, Mozambique (X%), Cote d'Ivoire (X%), Ghana (X%), Egypt (X%), Kenya (X%), Nigeria (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Algeria experienced a relatively flat trend pattern. From 2012 to 2022, the share of Kenya, Egypt, Mozambique, South Africa, Ghana and Cote d'Ivoire increased by X, X, X, X, X and X percentage points, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported electric accumulators in Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Algeria (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price showed a slight setback. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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