SADC: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in SADC

The SADC self-propelled excavating machinery market rose to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption, however, saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Self-Propelled Excavating Machinery Production in SADC

In value terms, self-propelled excavating machinery production rose to $X in 2023 estimated in export price. In general, production, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Self-Propelled Excavating Machinery Exports

Exports in SADC

In 2023, self-propelled excavating machinery exports in SADC contracted to X units, declining by X% on the previous year's figure. Overall, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, self-propelled excavating machinery exports amounted to $X in 2023. Over the period under review, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, South Africa (X units) represented the largest exporter of self-propelled earth moving, excavating machinery, making up X% of total exports. It was distantly followed by Tanzania (X units), making up a X% share of total exports. Botswana (X units), Zambia (X units), Democratic Republic of the Congo (X units), Namibia (X units) and Zimbabwe (X units) took a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to self-propelled excavating machinery exports from South Africa stood at X%. At the same time, Tanzania (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. Democratic Republic of the Congo experienced a relatively flat trend pattern. By contrast, Botswana (X%), Zimbabwe (X%) and Namibia (X%) illustrated a downward trend over the same period. Tanzania (X p.p.), Zambia (X p.p.) and Zimbabwe (X p.p.) significantly strengthened its position in terms of the total exports, while Botswana, South Africa and Namibia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest self-propelled excavating machinery supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

In South Africa, self-propelled excavating machinery exports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Tanzania (X% per year).

Export Prices by Country

In 2023, the export price in SADC amounted to $X per unit, rising by X% against the previous year. Export price indicated a temperate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, self-propelled excavating machinery export price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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

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

Self-Propelled Excavating Machinery Imports

Imports in SADC

In 2023, after two years of growth, there was significant decline in purchases abroad of self-propelled earth moving, excavating machinery, when their volume decreased by X% to X units. Overall, imports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled excavating machinery imports dropped dramatically to $X in 2023. Over the period under review, imports saw a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Democratic Republic of the Congo (X units) and South Africa (X units) represented roughly X% of total imports in 2023. Zimbabwe (X units) took the next position in the ranking, followed by Zambia (X units), Angola (X units) and Namibia (X units). All these countries together held near X% share of total imports. Tanzania (X units), Mauritius (X units), Seychelles (X units), Malawi (X units), Botswana (X units) and Mozambique (X units) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Zambia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled excavating machinery importing markets in SADC were Democratic Republic of the Congo ($X), South Africa ($X) and Zambia ($X), with a combined X% share of total imports. Zimbabwe, Namibia, Tanzania, Botswana, Angola, Mozambique, Malawi, Mauritius and Seychelles lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Zimbabwe, 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

In 2023, the import price in SADC amounted to $X per unit, which is down by X% against the previous year. Import price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, self-propelled excavating machinery import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2022, and then declined in the following year.

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 Botswana ($X per unit), while Seychelles ($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 more modest paces of growth.

Source: IndexBox Platform