Africa: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Africa

After three years of growth, the African electric heating resistor market decreased by -9.3% to $X in 2021. The market value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined in the following year.

Electric Heating Resistor Production in Africa

In value terms, electric heating resistor production contracted to $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +38.4% against 2015 indices. The growth pace was the most rapid in 2020 with an increase of 28%. As a result, production attained the peak level of $X, and then declined in the following year.

Electric Heating Resistor Exports

Exports in Africa

In 2021, overseas shipments of electric heating resistors were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2018 when exports increased by 73%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, electric heating resistor exports soared to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-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 2014 with an increase of 52%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Tunisia (X units) and Morocco (X units) dominates exports structure, together making up 89% of total exports. It was distantly followed by South Africa (X units), committing a 9.9% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Morocco (with a CAGR of +68.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Tunisia ($X) remains the largest electric heating resistor supplier in Africa, comprising 54% of total exports. The second position in the ranking was taken by South Africa ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Tunisia stood at +8.9%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (-4.9% per year) and Morocco (+38.8% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per unit, which is down by -15.3% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 29% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Morocco ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+8.1%), while the other leaders experienced mixed trends in the export price figures.

Electric Heating Resistor Imports

Imports in Africa

In 2021, purchases abroad of electric heating resistors increased by 40% to X units for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Africa (X units) represented the major importer of electric heating resistors, comprising 38% of total imports. Egypt (X units) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Tunisia (6.4%), Algeria (5.5%), Kenya (5.3%) and Libya (4.7%). Morocco (X units), Ghana (X units), Botswana (X units) and Ethiopia (X units) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electric heating resistor imports into South Africa stood at +3.0%. At the same time, Kenya (+20.6%), Ghana (+20.6%), Egypt (+13.1%), Morocco (+12.7%), Tunisia (+5.5%), Libya (+3.3%) and Ethiopia (+2.1%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing importer imported in Africa, with a CAGR of +20.6% from 2012-2021. Botswana experienced a relatively flat trend pattern. By contrast, Algeria (-2.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Egypt, Kenya, Morocco and Ghana increased by +7.2, +4, +2.3 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported electric heating resistors in Africa, comprising 41% of total imports. The second position in the ranking was taken by Egypt ($X), with a 12% share of total imports. It was followed by Tunisia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to +3.5%. In the other countries, the average annual rates were as follows: Egypt (+6.4% per year) and Tunisia (+6.1% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per unit, almost unchanged from the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 20% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, 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 Morocco ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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