Africa's Mining Machinery Market to See Steady Growth with a CAGR of +1.7% from 2024 to 2035 - News and Statistics - IndexBox

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The machinery market for sorting, mixing, agglomerating, shaping, and moulding of mined solids in Africa is forecasted to see a steady rise in consumption over the next decade, with an expected CAGR of +1.7% in volume and +2.5% in value from 2024 to 2035. By the end of 2035, the market is projected to reach 428K units and $4.2B in nominal prices, showcasing a positive trend in market performance.

Driven by increasing demand for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids 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 +1.7% for the period from 2024 to 2035, which is projected to bring the market volume to 428K units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.5% for the period from 2024 to 2035, which is projected to bring the market value to $4.2B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids was finally on the rise to reach 355K units for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption showed a slight increase. As a result, consumption reached the peak volume of 765K units. From 2022 to 2024, the growth of the consumption of remained at a somewhat lower figure.

The size of the market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids in Africa rose markedly to $3.2B in 2024, with an increase of 9.7% 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). In general, consumption enjoyed a modest increase. As a result, consumption attained the peak level of $11.9B. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.

South Africa (80K units) remains the largest machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids consuming country in Africa, comprising approx. 22% of total volume. Moreover, consumption of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids in South Africa exceeded the figures recorded by the second-largest consumer, Tanzania (32K units), twofold. Kenya (30K units) ranked third in terms of total consumption with an 8.6% share.

In South Africa, consumption of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids expanded at an average annual rate of +11.8% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of consumption growth: Tanzania (+28.2% per year) and Kenya (+5.1% per year).

In value terms, Kenya ($685M) led the market, alone. The second position in the ranking was held by Ghana ($333M). It was followed by Nigeria.

From 2013 to 2024, the average annual growth rate of value in Kenya amounted to +5.2%. In the other countries, the average annual rates were as follows: Ghana (+3.9% per year) and Nigeria (+2.1% per year).

In 2024, the highest levels of per capita consumption of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids was registered in South Africa (1,283 units per million persons), followed by Kenya (517 units per million persons), Angola (499 units per million persons) and Tanzania (476 units per million persons), while the world average per capita consumption of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids was estimated at 241 units per million persons.

From 2013 to 2024, the average annual growth rate of the per capita consumption of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids in South Africa amounted to +10.4%. In the other countries, the average annual rates were as follows: Kenya (+2.7% per year) and Angola (-3.8% per year).

In 2024, after two years of growth, there was significant decline in production of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids, when its volume decreased by -6.2% to 245K units. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 469%. The volume of production peaked at 454K units in 2017; however, from 2018 to 2024, production remained at a lower figure.

In value terms, production of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids expanded markedly to $272M in 2024 estimated in export price. In general, production continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 219%. Over the period under review, production of hit record highs at $608M in 2017; however, from 2018 to 2024, production failed to regain momentum.

The country with the largest volume of production of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids was South Africa (178K units), comprising approx. 73% of total volume. Moreover, production of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids in South Africa exceeded the figures recorded by the second-largest producer, Sudan (18K units), tenfold. The third position in this ranking was held by Angola (15K units), with a 6% share.

In South Africa, production of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids plunged by an average annual rate of -2.2% over the period from 2013-2024. The remaining producing countries recorded the following average annual rates of production growth: Sudan (+5.4% per year) and Angola (+29.4% per year).

After two years of decline, purchases abroad of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids increased by 10% to 290K units in 2024. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 221%. As a result, imports reached the peak of 744K units. From 2022 to 2024, the growth of imports of failed to regain momentum.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids soared to $1.9B in 2024. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 28%. Over the period under review, imports of attained the peak figure in 2024 and are expected to retain growth in the near future.

In 2024, South Africa (75K units), distantly followed by Tanzania (32K units), Kenya (29K units), Democratic Republic of the Congo (16K units), Ghana (15K units), Algeria (15K units) and Nigeria (13K units) were the key importers of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids, together constituting 68% of total imports. Egypt (11K units), Uganda (10K units) and Botswana (9.5K units) took a minor share of total imports.

From 2013 to 2024, average annual rates of growth with regard to machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids imports into South Africa stood at +3.4%. At the same time, Tanzania (+28.0%), Ghana (+17.2%), Democratic Republic of the Congo (+16.8%), Botswana (+6.7%), Uganda (+5.3%), Kenya (+5.3%) and Egypt (+5.0%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in Africa, with a CAGR of +28.0% from 2013-2024. Nigeria experienced a relatively flat trend pattern. By contrast, Algeria (-16.2%) illustrated a downward trend over the same period. From 2013 to 2024, the share of Tanzania, South Africa, Democratic Republic of the Congo, Kenya, Ghana, Botswana, Egypt and Uganda increased by +10, +8.6, +4.7, +4.5, +4.3, +1.7, +1.6 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($356M), Nigeria ($340M) and Kenya ($166M) appeared to be the countries with the highest levels of imports in 2024, with a combined 46% share of total imports.

In terms of the main importing countries, Kenya, with a CAGR of +10.5%, recorded 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.

In 2024, machines (91K units), machines; for sorting, screening, separating or washing earth, stone, ores or other mineral substances (65K units), concrete or mortar mixers (62K units) and machines; for mixing or kneading mineral substances, excluding concrete mixers and machines for mixing mineral substances with bitumen (45K units) represented the major type of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids in Africa, comprising 91% of total import. It was distantly followed by machines; for crushing or grinding earth, stone, ores or other mineral substances (26K units), achieving an 8.8% share of total imports.

From 2013 to 2024, the biggest increases were recorded for machines; for sorting, screening, separating or washing earth, stone, ores or other mineral substances (with a CAGR of +10.5%), while purchases for the other products experienced more modest paces of growth.

In value terms, machines; for crushing or grinding earth, stone, ores or other mineral substances ($831M) constitutes the largest type of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids imported in Africa, comprising 44% of total imports. The second position in the ranking was held by machines; for sorting, screening, separating or washing earth, stone, ores or other mineral substances ($395M), with a 21% share of total imports. It was followed by machines, with a 17% share.

For machines; for crushing or grinding earth, stone, ores or other mineral substances, imports expanded at an average annual rate of +2.8% over the period from 2013-2024. For the other products, the average annual rates were as follows: machines; for sorting, screening, separating or washing earth, stone, ores or other mineral substances (+4.1% per year) and machines (-4.6% per year).

In 2024, the import price in Africa amounted to $6.5 thousand per unit, picking up by 11% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of 101% against the previous year. Over the period under review, import prices hit record highs at $6.6 thousand per unit in 2019; however, from 2020 to 2024, import prices failed to regain momentum.

Prices varied noticeably by the product type; the product with the highest price was machines for mixing mineral substances with bitumen ($167 thousand per unit), while the price for machines; for mixing or kneading mineral substances, excluding concrete mixers and machines for mixing mineral substances with bitumen ($1.9 thousand per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by concrete mixer (+2.0%), while the other products experienced mixed trends in the import price figures.

The import price in Africa stood at $6.5 thousand per unit in 2024, growing by 11% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of 101% against the previous year. Over the period under review, import prices reached the peak figure at $6.6 thousand per unit in 2019; however, from 2020 to 2024, 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 Nigeria ($26 thousand per unit), while Tanzania ($1.7 thousand per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Algeria (+7.4%), while the other leaders experienced more modest paces of growth.

After three years of growth, shipments abroad of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids decreased by -3.6% to 180K units in 2024. Overall, exports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2023 when exports increased by 241% against the previous year. The volume of export peaked at 479K units in 2017; however, from 2018 to 2024, the exports failed to regain momentum.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids surged to $487M in 2024. In general, exports, however, recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

South Africa dominates solids structure, amounting to 173K units, which was near 97% of total exports in 2024. Gabon (2.8K units) followed a long way behind the leaders.

From 2013 to 2024, average annual rates of growth with regard to machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exports from South Africa stood at -3.5%. At the same time, Gabon (+33.3%) displayed positive paces of growth. Moreover, Gabon emerged as the fastest-growing exporter exported in Africa, with a CAGR of +33.3% from 2013-2024. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($426M) remains the largest machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids supplier in Africa, comprising 87% of total exports. The second position in the ranking was held by Gabon ($4.1M), with a 0.9% share of total exports.

From 2013 to 2024, the average annual rate of growth in terms of value in South Africa amounted to +6.8%.

The exports of the four major types of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids, namely machines; for mixing or kneading mineral substances, excluding concrete mixers and machines for mixing mineral substances with bitumen, machines; for crushing or grinding earth, stone, ores or other mineral substances, machines; for sorting, screening, separating or washing earth, stone, ores or other mineral substances and machines, represented more than two-thirds of total export. Concrete or mortar mixers (7.3K units) followed a long way behind the leaders.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the leading exported products, was attained by machines; for mixing or kneading mineral substances, excluding concrete mixers and machines for mixing mineral substances with bitumen (with a CAGR of +14.2%), while the other products experienced mixed trends in the exports figures.

In value terms, the largest types of exported machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids were machines; for mixing or kneading mineral substances, excluding concrete mixers and machines for mixing mineral substances with bitumen ($158M), machines; for crushing or grinding earth, stone, ores or other mineral substances ($141M) and machines; for sorting, screening, separating or washing earth, stone, ores or other mineral substances ($91M), together accounting for 80% of total exports.

Among the main exported products, machines; for mixing or kneading mineral substances, excluding concrete mixers and machines for mixing mineral substances with bitumen, with a CAGR of +21.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

The export price in Africa stood at $2.7 thousand per unit in 2024, jumping by 120% against the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2018 an increase of 1,349%. Over the period under review, the export prices hit record highs at $4.9 thousand per unit in 2020; however, from 2021 to 2024, the export prices failed to regain momentum.

Prices varied noticeably by the product type; the product with the highest price was machines for mixing mineral substances with bitumen ($64 thousand per unit), while the average price for exports of machines; for sorting, screening, separating or washing earth, stone, ores or other mineral substances ($2.5 thousand per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by bitumen mixer (+16.6%), while the other products experienced more modest paces of growth.

In 2024, the export price in Africa amounted to $2.7 thousand per unit, jumping by 120% against the previous year. Overall, the export price showed strong growth. The most prominent rate of growth was recorded in 2018 an increase of 1,349%. Over the period under review, the export prices hit record highs at $4.9 thousand per unit in 2020; however, from 2021 to 2024, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was South Africa ($2.5 thousand per unit), while Gabon amounted to $1.5 thousand per unit.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by South Africa (+10.7%).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids 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.

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