SADC: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in SADC

The SADC machine tool for metal market stood at $X in 2022, increasing by X% against the previous year. In general, consumption saw resilient growth. Over the period under review, the market attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Production of Machine Tools For Working Metal Without Removing Metal in SADC

In value terms, machine tool for metal production expanded modestly to $X in 2022 estimated in export price. Overall, production showed a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports in SADC

In 2022, the amount of machine tools for working metal without removing metal exported in SADC skyrocketed to X units, rising by X% compared with the previous year's figure. Overall, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, machine tool for metal exports surged to $X in 2022. Over the period under review, exports, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa represented the largest exporter of machine tools for working metal without removing metal in SADC, with the volume of exports accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Mauritius (X units), achieving a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to machine tool for metal exports from South Africa stood at X%. At the same time, Mauritius (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Mauritius (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest machine tool for metal supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Mauritius ($X), with an X% share of total exports.

In South Africa, machine tool for metal exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, rising by X% against the previous year. In general, the export price recorded a prominent expansion. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Mauritius stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (X%).

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in SADC

After three years of decline, purchases abroad of machine tools for working metal without removing metal increased by X% to X units in 2022. Overall, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine tool for metal imports surged to $X in 2022. Over the period under review, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

South Africa (X units) and Botswana (X units) dominates imports structure, together achieving X% of total imports. It was distantly followed by Mozambique (X units), committing an X% share of total imports. Angola (X units), Tanzania (X units), Namibia (X units) and Democratic Republic of the Congo (X units) held a minor share of total imports.

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

In value terms, South Africa ($X) constitutes the largest market for imported machine tools for working metal without removing metal in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with an X% share of total imports. It was followed by Namibia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Namibia (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, declining by X% against the previous year. In general, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 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 Namibia ($X per unit), while Botswana ($X per unit) 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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