Africa: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in Africa

The African feedstuff preparing machinery market reduced modestly to $X in 2023, waning by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Feedstuff Preparing Machinery Production in Africa

In value terms, feedstuff preparing machinery production dropped to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Feedstuff Preparing Machinery Exports

Exports in Africa

In 2023, exports of machinery for preparing animal feedstuffs in Africa reduced to X units, shrinking by X% compared with 2022 figures. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, feedstuff preparing machinery exports reached $X in 2023. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa (X units) and Tunisia (X units) represented roughly X% of total exports in 2023. It was distantly followed by Zambia (X units), creating an X% share of total exports. Ghana (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Zambia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Tunisia ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Among the main exporting countries, Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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 Zambia ($X per unit), while Ghana ($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.

Feedstuff Preparing Machinery Imports

Imports in Africa

Feedstuff preparing machinery imports declined to X units in 2023, falling by X% on 2022. Total imports indicated a pronounced expansion from 2012 to 2023: its volume 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. The growth pace was the most rapid in 2019 when imports increased by 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, feedstuff preparing machinery imports contracted to $X in 2023. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Nigeria (X units), distantly followed by Algeria (X units), Kenya (X units), Libya (X units), Morocco (X units), South Africa (X units), Zambia (X units) and Sudan (X units) represented the largest importers of machinery for preparing animal feedstuffs, together committing X% of total imports. Egypt (X units), Zimbabwe (X units), Ghana (X units), Angola (X units) and Ethiopia (X units) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Angola (X%), Kenya (X%), Zimbabwe (X%), Ethiopia (X%), Libya (X%), Ghana (X%), Zambia (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Sudan (X%), Algeria (X%), Egypt (X%) and South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria, Kenya, Libya, Zimbabwe, Angola, Zambia and Morocco increased by X, X, 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, the largest feedstuff preparing machinery importing markets in Africa were Nigeria ($X), Algeria ($X) and Morocco ($X), together comprising X% of total imports. South Africa, Kenya, Libya, Egypt, Zimbabwe, Zambia, Angola, Sudan, Ethiopia and Ghana lagged somewhat behind, together accounting for a further X%.

Angola, with a CAGR of X%, saw 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

In 2023, the import price in Africa amounted to $X per unit, approximately equating the previous year. In general, the import price, however, showed a perceptible slump. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Ghana ($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