SADC: Machinery Electrical Parts Market 2024

Machinery Electrical Parts Market Size in SADC

The SADC machinery electrical parts market rose rapidly to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, enjoyed a prominent increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Machinery Electrical Parts Production in SADC

In value terms, machinery electrical parts production shrank to $X in 2022 estimated in export price. In general, production, however, saw a resilient expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Machinery Electrical Parts Exports

Exports in SADC

In 2022, machinery electrical parts exports in SADC shrank significantly to X tons, falling by X% compared with 2021. Over the period under review, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, machinery electrical parts exports declined markedly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

In 2022, South Africa (X tons) represented the largest exporter of electrical parts of machinery or apparatus, constituting X% of total exports. It was distantly followed by Tanzania (X tons), Botswana (X tons) and Mozambique (X tons), together mixing up a X% share of total exports. Madagascar (X tons) took a little share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Tanzania (X%), Madagascar (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Mozambique experienced a relatively flat trend pattern. While the share of Tanzania (X p.p.), Botswana (X p.p.) and Madagascar (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mozambique (X p.p.) and South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest machinery electrical parts supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Botswana ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

In South Africa, machinery electrical parts exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Botswana (X% per year) and Tanzania (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Botswana ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

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

Machinery Electrical Parts Imports

Imports in SADC

In 2022, purchases abroad of electrical parts of machinery or apparatus increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports enjoyed a tangible increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, machinery electrical parts imports reduced rapidly to $X in 2022. Overall, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Mozambique was the largest importer of electrical parts of machinery or apparatus in SADC, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by South Africa (X tons), Tanzania (X tons) and Namibia (X tons), together comprising a X% share of total imports. Angola (X tons), Zambia (X tons) and Botswana (X tons) took a relatively small share of total imports.

Mozambique was also the fastest-growing in terms of the electrical parts of machinery or apparatus imports, with a CAGR of X% from 2012 to 2022. South Africa (X%), Botswana (X%), Tanzania (X%), Namibia (X%), Zambia (X%) and Angola (X%) illustrated a downward trend over the same period. While the share of Mozambique (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Botswana (X p.p.), Zambia (X p.p.), South Africa (X p.p.), Tanzania (X p.p.), Namibia (X p.p.) and Angola (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X), Namibia ($X) and Mozambique ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Zambia, Tanzania, Angola and Botswana lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Tanzania, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Namibia ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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