Africa: Measuring Instrument Market 2024

Measuring Instrument Market Size in Africa

The African measuring instrument market totaled $X in 2023, approximately reflecting the previous year. The total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2015 indices. The level of consumption peaked in 2023 and is likely to continue growth in the immediate term.

Measuring Instrument Production in Africa

In value terms, measuring instrument production stood at $X in 2023 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; afterwards, it flattened through to 2023.

Measuring Instrument Exports

Exports in Africa

In 2023, overseas shipments of instruments and apparatus for measuring or checking the flow or level of liquids increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. The volume of export peaked at X units in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, measuring instrument exports surged to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, finishing at X units, which was approx. X% of total exports in 2023. Tunisia (X units) ranks second in terms of the total exports with a X% share, followed by Madagascar (X%).

From 2012 to 2023, average annual rates of growth with regard to measuring instrument exports from South Africa stood at X%. At the same time, Madagascar (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Madagascar (X p.p.) and Tunisia (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 2023, respectively.

In value terms, South Africa ($X) remains the largest measuring instrument supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total exports.

In South Africa, measuring instrument exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (X% per year) and Madagascar (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per unit, surging by X% against the previous year. In general, the export price saw a pronounced increase. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while Madagascar ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced mixed trends in the export price figures.

Measuring Instrument Imports

Imports in Africa

For the eighth consecutive year, Africa recorded growth in purchases abroad of instruments and apparatus for measuring or checking the flow or level of liquids, which increased by X% to X units in 2023. In general, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, measuring instrument imports rose rapidly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

Imports by Country

Egypt represented the main importer of instruments and apparatus for measuring or checking the flow or level of liquids in Africa, with the volume of imports recording X units, which was approx. X% of total imports in 2023. South Africa (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Tunisia (X%). The following importers - Morocco (X units), Tanzania (X units), Libya (X units), Algeria (X units), Nigeria (X units) and Ghana (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to measuring instrument imports into Egypt stood at X%. At the same time, Tanzania (X%), Tunisia (X%), Morocco (X%), Libya (X%), Ghana (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Nigeria and South Africa experienced a relatively flat trend pattern. From 2012 to 2023, the share of Egypt and Tanzania increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking the flow or level of liquids in Africa, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

In South Africa, measuring instrument imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per unit, waning by X% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a 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 Morocco ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform