SADC: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in SADC

The SADC metal broaching machine market surged to $X in 2023, picking up by X% against the previous year. Overall, consumption, however, saw a deep downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Metal Broaching Machine Production in SADC

In value terms, metal broaching machine production totaled $X in 2023 estimated in export price. In general, production showed a sharp decline. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Metal Broaching Machine Exports

Exports in SADC

In 2023, after two years of growth, there was significant decline in shipments abroad of broaching machines for working metal, when their volume decreased by X% to X units. Over the period under review, exports, however, saw slight growth. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, metal broaching machine exports dropped sharply to $X in 2023. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa (X units) represented roughly X% of total exports in 2023.

South Africa was also the fastest-growing in terms of the broaching machines for working metal exports, with a CAGR of X% from 2012 to 2023. South Africa (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest metal broaching machine supplier in SADC.

In South Africa, metal broaching machine exports shrank by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per unit, jumping by X% against the previous year. In general, the export price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2023, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

Metal Broaching Machine Imports

Imports in SADC

Metal broaching machine imports soared to X units in 2023, with an increase of X% on 2022. Overall, imports, however, continue to indicate a abrupt decrease. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, metal broaching machine imports soared to $X in 2023. Over the period under review, imports, however, showed a abrupt slump. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

South Africa dominates imports structure, reaching X units, which was approx. X% of total imports in 2023. Mozambique (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Angola (X%) and Zambia (X%). Botswana (X units), Namibia (X units) and Tanzania (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to metal broaching machine imports into South Africa stood at X%. At the same time, Botswana (X%), Namibia (X%), Zambia (X%) and Mozambique (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Tanzania experienced a relatively flat trend pattern. By contrast, Angola (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Africa, Mozambique, Zambia, Botswana and Namibia increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported broaching machines for working metal in SADC, comprising X% of total imports. The second position in the ranking was taken by Mozambique ($X), with a X% share of total imports. It was followed by Angola, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Mozambique (X% per year) and Angola (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2023, falling by X% against the previous year. Overall, the import price, however, posted modest growth. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2023, import prices stood at a somewhat 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 Angola ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform