Africa: Electric Radiator Market 2024

Electric Radiator Market Size in Africa

The African electric radiator market reached $X in 2021, remaining constant against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Electric Radiator Production in Africa

In value terms, electric radiator production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 27%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Electric Radiator Exports

Exports in Africa

In 2021, overseas shipments of electric radiators and convection heaters were finally on the rise to reach X units after four years of decline. Over the period under review, exports, however, recorded a abrupt decrease. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric radiator exports soared to $X in 2021. Overall, exports, however, saw a deep contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, South Africa (X units) was the main exporter of electric radiators and convection heaters, achieving 69% of total exports. Tunisia (X units) ranks second in terms of the total exports with a 16% share, followed by Egypt (5.9%). Cameroon (X units) and Mauritius (X units) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electric radiator exports from South Africa stood at -6.5%. At the same time, Mauritius (+67.6%) and Egypt (+9.0%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in Africa, with a CAGR of +67.6% from 2012-2021. By contrast, Cameroon (-3.7%) and Tunisia (-20.9%) illustrated a downward trend over the same period. While the share of South Africa (+26 p.p.), Egypt (+5 p.p.) and Mauritius (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Tunisia (-28.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) emerged as the largest electric radiator supplier in Africa, comprising 54% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 22% share of total exports. It was followed by Egypt, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value in South Africa stood at -9.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (-23.0% per year) and Egypt (+15.3% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per unit, shrinking by -17% against the previous year. In general, the export price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2017 an increase of 77% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cameroon (+17.3%), while the other leaders experienced mixed trends in the export price figures.

Electric Radiator Imports

Imports in Africa

In 2021, imports of electric radiators and convection heaters in Africa soared to X units, with an increase of 29% compared with the previous year's figure. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 50% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, electric radiator imports soared to $X in 2021. In general, imports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2019 with an increase of 40% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, amounting to X units, which was approx. 65% of total imports in 2021. Lesotho (X units) took the second position in the ranking, followed by Libya (X units) and Morocco (X units). All these countries together took near 21% share of total imports. The following importers - Algeria (X units) and Tunisia (X units) - together made up 6.6% of total imports.

South Africa was also the fastest-growing in terms of the electric radiators and convection heaters imports, with a CAGR of +9.9% from 2012 to 2021. At the same time, Morocco (+9.3%), Tunisia (+7.9%) and Lesotho (+3.6%) displayed positive paces of growth. By contrast, Algeria (-11.9%) and Libya (-17.9%) illustrated a downward trend over the same period. South Africa (+35 p.p.), Morocco (+2.6 p.p.) and Lesotho (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Algeria and Libya saw its share reduced by -8.8% and -31.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported electric radiators and convection heaters in Africa, comprising 41% of total imports. The second position in the ranking was held by Morocco ($X), with a 16% share of total imports. It was followed by Libya, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa totaled +1.2%. In the other countries, the average annual rates were as follows: Morocco (+8.9% per year) and Libya (-17.5% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per unit, declining by -8.2% against the previous year. In general, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of 33%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Lesotho ($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 (+6.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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