SADC: Lifting Equipment Market 2024

Lifting Equipment Market Size in SADC

The SADC lifting equipment market expanded modestly to $X in 2023, growing by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Lifting Equipment Production in SADC

In value terms, lifting equipment production rose modestly to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Lifting Equipment Exports

Exports in SADC

In 2023, the amount of lifting equipment exported in SADC fell rapidly to X units, which is down by X% against the year before. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, lifting equipment exports shrank sharply to $X in 2023. In general, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

South Africa represented the main exporter of lifting equipment in SADC, with the volume of exports amounting to X units, which was approx. X% of total exports in 2023. Namibia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Angola (X%) and Botswana (X%). The following exporters - Madagascar (X units), Tanzania (X units) and Swaziland (X units) - each reached a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to lifting equipment exports from South Africa stood at X%. At the same time, Swaziland (X%), Namibia (X%), Madagascar (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 2012-2023. Angola experienced a relatively flat trend pattern. By contrast, Botswana (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Namibia (X p.p.), Angola (X p.p.), Botswana (X p.p.), Madagascar (X p.p.) and Tanzania (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 ($X) remains the largest lifting equipment supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Botswana ($X), with an X% share of total exports. It was followed by Namibia, with an X% share.

In South Africa, lifting equipment exports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Botswana (X% per year) and Namibia (X% per year).

Export Prices by Country

In 2023, the export price in SADC amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Lifting Equipment Imports

Imports in SADC

In 2023, imports of lifting equipment in SADC soared to X units, jumping by X% against 2022 figures. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, lifting equipment imports declined rapidly to $X in 2023. In general, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Botswana represented the major importer of lifting equipment in SADC, with the volume of imports reaching X units, which was approx. X% of total imports in 2023. South Africa (X units) ranks second in terms of the total imports with an X% share, followed by Mozambique (X%). Democratic Republic of the Congo (X units), Madagascar (X units), Namibia (X units) and Mauritius (X units) took a relatively small share of total imports.

Botswana was also the fastest-growing in terms of the lifting equipment imports, with a CAGR of X% from 2012 to 2023. At the same time, Mauritius (X%), Mozambique (X%), Democratic Republic of the Congo (X%), Namibia (X%) and South Africa (X%) displayed positive paces of growth. By contrast, Madagascar (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Botswana and Mozambique increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lifting equipment importing markets in SADC were Democratic Republic of the Congo ($X), South Africa ($X) and Mozambique ($X), with a combined X% share of total imports.

In terms of the main importing countries, Democratic Republic of the Congo, with a CAGR of X%, saw the highest growth rate of 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

The import price in SADC stood at $X per unit in 2023, falling by X% against the previous year. In general, the import price saw a deep setback. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 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 Democratic Republic of the Congo ($X per unit), while Botswana ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform