SADC: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in SADC

The SADC air or gas liquefier market surged to $X in 2023, with an increase of X% against the previous year. The total consumption indicated tangible growth from 2012 to 2023: its value 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, consumption increased by X% against 2016 indices. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Production of Machinery for Liquefying Air or Gases in SADC

In value terms, air or gas liquefier production reduced slightly to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Exports of Machinery for Liquefying Air or Gases

Exports in SADC

In 2023, exports of machinery for liquefying air or gases in SADC dropped notably to X units, which is down by X% against the previous year's figure. In general, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, air or gas liquefier exports contracted dramatically to $X in 2023. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

Zambia was the major exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by South Africa (X units), mixing up a X% share of total exports. Namibia (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Zambia (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest air or gas liquefier supplying countries in SADC were South Africa ($X), Zambia ($X) and Namibia ($X), together comprising X% of total exports.

In terms of the main exporting countries, Zambia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in SADC stood at $X per unit in 2023, with a decrease of X% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 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 South Africa ($X per unit), while Zambia ($X per unit) was amongst the lowest.

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

Imports of Machinery for Liquefying Air or Gases

Imports in SADC

Air or gas liquefier imports soared to X units in 2023, increasing by X% compared with the year before. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X units. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, air or gas liquefier imports soared to $X in 2023. In general, imports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Zimbabwe (X units) and South Africa (X units) prevails in imports structure, together achieving X% of total imports. Tanzania (X units) held a minor share of total imports.

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

In value terms, Zimbabwe ($X) constitutes the largest market for imported machinery for liquefying air or gases in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports.

In Zimbabwe, air or gas liquefier imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and South Africa (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2023, waning by X% against the previous year. Overall, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 Zimbabwe ($X per unit), while South Africa ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform