Africa: Electric Oven Market 2020

Electric Oven Market Size in Africa

The revenue of the electric oven market in Africa amounted to $X in 2017, increasing by X% against the previous year. The electric oven consumption continues to indicate a measured increase. The pace of growth appeared the most rapid in 2008, with an increase of X% year-to-year. In that year, the electric oven market attained their peak level of $X. From 2009 to 2017, growth of the electric oven market failed to regain its momentum.

Electric Oven Production in Africa

In 2017, electric oven production in Africa stood at X units, therefore, remained relatively stable against the previous year. The electric oven production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016, when the output figure increased by X% y-o-y. The volume of electric oven production peaked in 2017, and is expected to retain its growth in the near future.

Electric Oven Exports in Africa

In 2017, approx. X units of electric furnaces and ovens were exported in Africa; reducing by -X% against the previous year. The electric oven exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009, when it surged by X% year-to-year. Over the period under review, the electric oven exports reached its peak figure volume of X units in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, electric oven exports stood at $X in 2017. The electric oven exports continue to indicate a measured growth. Over the period under review, the electric oven exports reached its maximum level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Electric Oven Exports by Country in Africa

In 2017, South Africa (X units) were the main exporters of electric furnaces and ovens in Africa, achieving X% of total export.

South Africa was also the fastest growing in terms of the electric furnaces and ovens exports, with a CAGR of +X% from 2007 to 2017. From 2007 to 2017, the share of South Africa decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest electric oven supplier in Africa.

In South Africa, electric oven exports increased at an average annual rate of +X% over the period from 2007-2017.

Electric Oven Export Prices by Country in Africa

In 2017, the electric oven export price in Africa amounted to $X per unit, coming up by X% against the previous year. The electric oven export price continues to indicate a moderate increase. The growth pace was the most rapid in 2008, when it surged by X% against the previous year. In that year, the export prices for electric furnaces and ovens reached their peak level of $X per unit. From 2009 to 2017, growth of the export prices for electric furnaces and ovens failed to regain its momentum.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Africa (+X% per year).

Electric Oven Imports in Africa

In 2017, approx. X units of electric furnaces and ovens were imported in Africa; picking up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013, when it surged by X% year-to-year. The volume of imports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, electric oven imports stood at $X in 2017. The total imports indicated a measured increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electric oven imports increased by +X% against 2013 indices. Over the period under review, the electric oven imports attained its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Electric Oven Imports by Country in Africa

Nigeria prevails in electric oven imports structure, accounting for X units, which was near X% of total imports in 2017. It was distantly followed by Uganda (X units), generating X% share of total imports.

From 2007 to 2017, average annual rates of growth with regard to electric oven imports into Nigeria stood at +X%. At the same time, Uganda (+X%) displayed positive paces of growth. Moreover, Uganda emerged as the fastest growing importer in Africa, with a CAGR of +X% from 2007-2017. Uganda (-X%) and Nigeria (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported electric furnaces and ovens in Africa, making up X% of global imports. The second position in the ranking was occupied by Uganda ($X), with a X% share of global imports.

From 2007 to 2017, the average annual rate of growth in terms of value in Nigeria amounted to +X%.

Electric Oven Import Prices by Country in Africa

In 2017, the electric oven import price in Africa amounted to $X per unit, picking up by X% against the previous year. The electric oven import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, an increase of X% y-o-y. In that year, the import prices for electric furnaces and ovens attained their peak level of $X per unit. From 2009 to 2017, growth of the import prices for electric furnaces and ovens stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Uganda ($X per unit), while Nigeria ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Nigeria (+X% per year).

Source: IndexBox Platform