Africa: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in Africa

The African industrial bakery machinery market expanded to $X in 2023, rising by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Industrial Bakery Machinery Production in Africa

In value terms, industrial bakery machinery production reached $X in 2023 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Industrial Bakery Machinery Exports

Exports in Africa

In 2023, the amount of industrial bakery machinery exported in Africa reduced to X units, with a decrease of X% compared with the previous year. In general, exports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial bakery machinery exports reached $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, reaching X units, which was near X% of total exports in 2023. Egypt (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%). The following exporters - Nigeria (X units), Botswana (X units), Senegal (X units) and Tunisia (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to industrial bakery machinery exports from South Africa stood at X%. At the same time, Botswana (X%), Senegal (X%), Nigeria (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%) and Tunisia (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Egypt (X p.p.), Nigeria (X p.p.), Botswana (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest industrial bakery machinery supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

In South Africa, industrial bakery machinery exports decreased by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, surging by X% against the previous year. Export price indicated a pronounced 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, industrial bakery machinery export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

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

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

Industrial Bakery Machinery Imports

Imports in Africa

In 2023, overseas purchases of industrial bakery machinery decreased by X% to X units, falling for the fourth year in a row after three years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2023, the growth of imports remained at a lower figure.

In value terms, industrial bakery machinery imports totaled $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Morocco (X units) and Angola (X units) represented roughly X% of total imports in 2023. It was followed by Ethiopia (X units), Algeria (X units), Libya (X units), Mozambique (X units), Nigeria (X units) and Sudan (X units), together committing a X% share of total imports. The following importers - South Africa (X units), Egypt (X units), Zimbabwe (X units), Cote d'Ivoire (X units) and Cameroon (X units) - each reached a X% share of total imports.

From 2012 to 2023, 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 industrial bakery machinery importing markets in Africa were Angola ($X), Morocco ($X) and South Africa ($X), with a combined X% share of total imports. Egypt, Algeria, Ethiopia, Nigeria, Libya, Zimbabwe, Mozambique, Sudan, Cote d'Ivoire and Cameroon lagged somewhat behind, together accounting for a further X%.

Libya, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Africa stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform