Africa's Grinding and Polishing Machines Market to Grow at 1.4% CAGR through 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: Africa - Grinding Or Polishing Machines For Working Stone, Ceramics And Concrete - Market Analysis, Forecast, Size, Trends And Insights.

The article discusses the increasing demand for grinding and polishing machines in Africa, specifically for stone, ceramics, and concrete. The market is expected to continue its upward trend, with a projected CAGR of +1.4% in unit volume and +2.4% in market value from 2024 to 2035. By the end of 2035, the market volume is forecasted to reach 134K units, and the market value is projected to reach $104M in nominal prices.

Driven by increasing demand for grinding or polishing machines for working stone, ceramics and concrete in Africa, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.4% for the period from 2024 to 2035, which is projected to bring the market volume to 134K units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.4% for the period from 2024 to 2035, which is projected to bring the market value to $104M (in nominal wholesale prices) by the end of 2035.

After two years of growth, consumption of grinding or polishing machines for working stone, ceramics and concrete decreased by -3.4% to 115K units in 2024. The total consumption volume increased at an average annual rate of +1.4% over the period from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak volume of 120K units, and then dropped modestly in the following year.

The value of the stone polishing machine market in Africa rose slightly to $80M in 2024, increasing by 1.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.3% from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $81M in 2019; however, from 2020 to 2024, consumption remained at a lower figure.

The countries with the highest volumes of consumption in 2024 were South Africa (13K units), Uganda (8.7K units) and Somalia (7.4K units), together accounting for 25% of total consumption. Cameroon, Ghana, Cote d'Ivoire, Niger, Mali, Burkina Faso and Malawi lagged somewhat behind, together comprising a further 31%.

From 2013 to 2024, the biggest increases were recorded for Niger (with a CAGR of +2.6%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($6.8M) led the market, alone. The second position in the ranking was held by Uganda ($2.4M). It was followed by Somalia.

From 2013 to 2024, the average annual growth rate of value in South Africa totaled -2.9%. The remaining consuming countries recorded the following average annual rates of market growth: Uganda (+2.0% per year) and Somalia (+2.3% per year).

The countries with the highest levels of stone polishing machine per capita consumption in 2024 were Somalia (412 units per million persons), South Africa (213 units per million persons) and Cameroon (210 units per million persons).

From 2013 to 2024, the biggest increases were recorded for Cameroon (with a CAGR of -0.3%), while consumption for the other leaders experienced a decline in the per capita consumption figures.

In 2024, production of grinding or polishing machines for working stone, ceramics and concrete in Africa contracted modestly to 85K units, with a decrease of -3.4% against 2023 figures. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 19%. Over the period under review, production reached the maximum volume at 108K units in 2018; however, from 2019 to 2024, production remained at a lower figure.

In value terms, stone polishing machine production surged to $26M in 2024 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2013 to 2024; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

The countries with the highest volumes of production in 2024 were Uganda (8.4K units), Somalia (7.3K units) and Ghana (5.5K units), with a combined 25% share of total production. Cameroon, Cote d'Ivoire, Niger, Mali, Burkina Faso, Malawi and South Africa lagged somewhat behind, together accounting for a further 40%.

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Niger (with a CAGR of +2.7%), while production for the other leaders experienced more modest paces of growth.

After three years of growth, purchases abroad of grinding or polishing machines for working stone, ceramics and concrete decreased by -6.3% to 33K units in 2024. Overall, imports, however, recorded a measured increase. The pace of growth was the most pronounced in 2023 when imports increased by 57% against the previous year. As a result, imports reached the peak of 35K units, and then reduced in the following year.

In value terms, stone polishing machine imports declined to $43M in 2024. Total imports indicated a temperate expansion from 2013 to 2024: its value increased at an average annual rate of +3.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 86% against the previous year. As a result, imports attained the peak of $51M. From 2019 to 2024, the growth of imports failed to regain momentum.

In 2024, South Africa (11K units) represented the major importer of grinding or polishing machines for working stone, ceramics and concrete, constituting 33% of total imports. It was distantly followed by Tanzania (3.5K units), Mauritius (3.2K units), Kenya (2.7K units), Democratic Republic of the Congo (2.4K units), Egypt (2.3K units) and Botswana (2.1K units), together comprising a 49% share of total imports.

Imports into South Africa increased at an average annual rate of +4.7% from 2013 to 2024. At the same time, Botswana (+33.5%), Tanzania (+24.0%), Democratic Republic of the Congo (+8.1%), Mauritius (+4.7%) and Egypt (+3.9%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in Africa, with a CAGR of +33.5% from 2013-2024. Kenya experienced a relatively flat trend pattern. Tanzania (+9.1 p.p.), Botswana (+6.1 p.p.), South Africa (+3.3 p.p.) and Democratic Republic of the Congo (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while Kenya saw its share reduced by -5.2% from 2013 to 2024, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($6.7M) constitutes the largest market for imported grinding or polishing machines for working stone, ceramics and concrete in Africa, comprising 16% of total imports. The second position in the ranking was taken by South Africa ($3.3M), with a 7.7% share of total imports. It was followed by Tanzania, with a 4.4% share.

In Egypt, stone polishing machine imports increased at an average annual rate of +2.7% over the period from 2013-2024. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (-3.3% per year) and Tanzania (+14.9% per year).

In 2024, the import price in Africa amounted to $1.3 thousand per unit, waning by -6.4% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 50%. The level of import peaked at $2.6 thousand per unit in 2020; however, from 2021 to 2024, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($2.9 thousand per unit), while Mauritius ($107 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Kenya (+14.1%), while the other leaders experienced mixed trends in the import price figures.

In 2024, shipments abroad of grinding or polishing machines for working stone, ceramics and concrete decreased by -37.7% to 1.8K units, falling for the third year in a row after two years of growth. Over the period under review, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 181% against the previous year. Over the period under review, the exports hit record highs at 36K units in 2018; however, from 2019 to 2024, the exports failed to regain momentum.

In value terms, stone polishing machine exports reduced sharply to $385K in 2024. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2023 with an increase of 117% against the previous year. The level of export peaked at $1.7M in 2014; however, from 2015 to 2024, the exports remained at a lower figure.

In 2024, South Africa (1.7K units) was the main exporter of grinding or polishing machines for working stone, ceramics and concrete in Africa, making up 93% of total export.

South Africa was also the fastest-growing in terms of the grinding or polishing machines for working stone, ceramics and concrete exports, with a CAGR of -12.4% from 2013 to 2024. From 2013 to 2024, the share of South Africa decreased by -2.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($257K) also remains the largest stone polishing machine supplier in Africa.

In South Africa, stone polishing machine exports contracted by an average annual rate of -4.9% over the period from 2013-2024.

The export price in Africa stood at $214 per unit in 2024, reducing by -35.4% against the previous year. Overall, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by 748% against the previous year. The level of export peaked at $331 per unit in 2023, and then plummeted in the following year.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2013 to 2024, the rate of growth in terms of prices for South Africa amounted to +8.6% per year.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the stone polishing machine market in Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

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Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

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