Africa: Electric Heating Equipment Market 2024

Electric Heating Equipment Market Size in Africa

In 2022, the African electric heating equipment market decreased by -0.1% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Electric Heating Equipment Production in Africa

In value terms, electric heating equipment production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 18% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electric Heating Equipment Exports

Exports in Africa

In 2022, shipments abroad of electric space heating apparatus and soil heating apparatus increased by 6.5% to X units, rising for the second year in a row after seven years of decline. Overall, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 68% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, electric heating equipment exports shrank remarkably to $X in 2022. Over the period under review, exports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X units) represented the main exporter of electric space heating apparatus and soil heating apparatus, making up 68% of total exports. It was distantly followed by Egypt (X units), mixing up a 23% share of total exports. Mozambique (X units) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of -6.1% from 2012 to 2022. At the same time, Mozambique (+45.1%) and Egypt (+23.7%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in Africa, with a CAGR of +45.1% from 2012-2022. While the share of Egypt (+22 p.p.), South Africa (+21 p.p.) and Mozambique (+3.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest electric heating equipment supplier in Africa, comprising 70% of total exports. The second position in the ranking was held by Egypt ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled -9.9%. In the other countries, the average annual rates were as follows: Egypt (+13.6% per year) and Mozambique (+15.1% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, with a decrease of -34.5% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2020 an increase of 29% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-4.0%), while the other leaders experienced a decline in the export price figures.

Electric Heating Equipment Imports

Imports in Africa

In 2022, approx. X units of electric space heating apparatus and soil heating apparatus were imported in Africa; with a decrease of -18.2% against the year before. Overall, imports showed a slight reduction. The growth pace was the most rapid in 2019 with an increase of 55% against the previous year. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, electric heating equipment imports shrank rapidly to $X in 2022. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of 43%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa was the key importing country with an import of about X units, which finished at 65% of total imports. It was distantly followed by Algeria (X units) and Libya (X units), together committing a 23% share of total imports. The following importers - Kenya (X units) and Morocco (X units) - each accounted for a 3.4% share of total imports.

Imports into South Africa increased at an average annual rate of +5.7% from 2012 to 2022. At the same time, Kenya (+14.6%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing importer imported in Africa, with a CAGR of +14.6% from 2012-2022. By contrast, Algeria (-2.5%), Morocco (-8.4%) and Libya (-12.8%) illustrated a downward trend over the same period. While the share of South Africa (+33 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Morocco (-1.8 p.p.) and Libya (-27.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported electric space heating apparatus and soil heating apparatus in Africa, comprising 37% of total imports. The second position in the ranking was held by Libya ($X), with a 15% share of total imports. It was followed by Algeria, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to -1.0%. The remaining importing countries recorded the following average annual rates of imports growth: Libya (-14.2% per year) and Algeria (-2.3% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, with an increase of 2.6% against the previous year. Over the period under review, the import price, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 when the import price increased by 9.3%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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