SADC: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in SADC

In 2022, the SADC machine-tool for drilling market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. The total consumption indicated a perceptible increase 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. Over the period under review, the market attained the peak level at $X in 2021, and then reduced in the following year.

Machine-Tool For Drilling Production in SADC

In value terms, machine-tool for drilling production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Machine-Tool For Drilling Exports

Exports in SADC

In 2022, overseas shipments of machine-tools for drilling, boring or milling metal decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, machine-tool for drilling exports reduced notably to $X in 2022. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa was the main exporting country with an export of around X units, which reached X% of total exports. Tanzania (X units) held the second position in the ranking, followed by Swaziland (X units) and Angola (X units). All these countries together took approx. X% share of total exports. Democratic Republic of the Congo (X units), Botswana (X units) and Zambia (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for drilling exports from South Africa stood at X%. At the same time, Swaziland (X%), Angola (X%), Democratic Republic of the Congo (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Botswana (X%) and Zambia (X%) illustrated a downward trend over the same period. Swaziland (X p.p.), Angola (X p.p.), Tanzania (X p.p.) and Democratic Republic of the Congo (X p.p.) significantly strengthened its position in terms of the total exports, while Botswana, Zambia and South Africa saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

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

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

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Zambia ($X per unit), while Swaziland ($X per unit) was amongst the lowest.

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

Machine-Tool For Drilling Imports

Imports in SADC

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were imported in SADC; with a decrease of X% on 2021. Overall, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for drilling imports dropped to $X in 2022. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

South Africa was the major importing country with an import of around X units, which amounted to X% of total imports. Botswana (X units) took the second position in the ranking, followed by Namibia (X units) and Mozambique (X units). All these countries together took approx. X% share of total imports. Mauritius (X units), Lesotho (X units) and Angola (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for drilling imports into South Africa stood at X%. At the same time, Mauritius (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Namibia (X%), Angola (X%), Lesotho (X%) and Mozambique (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Botswana (X p.p.), Namibia (X p.p.) and Mauritius (X p.p.) significantly strengthened its position in terms of the total imports, while Lesotho and Mozambique saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main importing countries, Mauritius, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. 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 2015; however, from 2016 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 Botswana ($X per unit), while Namibia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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