Africa: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Africa

In 2022, the African machine-tool for drilling market decreased by X% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, continues to indicate a noticeable increase. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Machine-Tool For Drilling Production in Africa

In value terms, machine-tool for drilling production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, posted buoyant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Machine-Tool For Drilling Exports

Exports in Africa

For the third year in a row, Africa recorded decline in overseas shipments of machine-tools for drilling, boring or milling metal, which decreased by X% to X units in 2022. Overall, exports, however, saw a modest increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, machine-tool for drilling exports shrank markedly to $X in 2022. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Mali (X units), distantly followed by South Africa (X units), Kenya (X units), Tanzania (X units) and Swaziland (X units) represented the major exporters of machine-tools for drilling, boring or milling metal, together creating X% of total exports. The following exporters - Angola (X units) and Ghana (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Swaziland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

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

Machine-Tool For Drilling Imports

Imports in Africa

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were imported in Africa; falling by X% against the previous year's figure. In general, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, machine-tool for drilling imports reduced to $X in 2022. Overall, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X units), Egypt (X units) and Nigeria (X units) represented the major importer of machine-tools for drilling, boring or milling metal in Africa, comprising X% of total import. It was distantly followed by Botswana (X units), constituting a X% share of total imports. Namibia (X units), Morocco (X units), Ethiopia (X units), Mozambique (X units), Libya (X units), Ghana (X units), Algeria (X units), Tunisia (X units) and Mauritius (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mauritius (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Nigeria ($X) and Botswana ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Egypt, Morocco, Algeria, Ghana, Ethiopia, Tunisia, Libya, Mozambique, Namibia and Mauritius lagged somewhat behind, together comprising a further X%.

Mauritius, with a CAGR of X%, recorded the highest growth rate of 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

The import price in Africa stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the import price, however, showed a temperate increase. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per unit), while Namibia ($X per unit) 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 more modest paces of growth.

Source: IndexBox Platform

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