Africa: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2024

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Africa

The African market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels skyrocketed to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption recorded significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Africa

In value terms, grease fittings and oil seals production expanded significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports in Africa

In 2022, shipments abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, grease fittings and oil seals exports reached $X in 2022. Overall, exports posted a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Tunisia was the key exporter of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels in Africa, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. South Africa (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Namibia (X%), Benin (X%) and Egypt (X%). Togo (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to grease fittings and oil seals exports from Tunisia stood at X%. At the same time, Benin (X%), Egypt (X%), Togo (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) illustrated a downward trend over the same period. Namibia (X p.p.), Benin (X p.p.), Egypt (X p.p.), Tunisia (X p.p.) and Togo (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, Tunisia ($X), South Africa ($X) and Egypt ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Egypt, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 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 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports in Africa

In 2022, supplies from abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, grease fittings and oil seals imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Egypt (X units) and Liberia (X units) dominates imports structure, together committing X% of total imports. It was distantly followed by South Africa (X units), committing a X% share of total imports. The following importers - Algeria (X units), Sierra Leone (X units), Kenya (X units) and Libya (X units) - together made up X% of total imports.

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

In value terms, the largest grease fittings and oil seals importing markets in Africa were Egypt ($X), Liberia ($X) and South Africa ($X), together accounting for X% of total imports.

In terms of the main importing countries, Liberia, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 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 Liberia ($X per unit), while Sierra Leone ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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