Overview of the Market for Machine-Tool For Removing Material in South Africa
The revenue of the machine-tool for removing material market in South Africa contracted dramatically to $ in , declining by -% 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, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. from 2018 to , the growth of the market remained at a lower figure.