SADC: Vapour Power Unit Market 2024

Vapour Power Unit Market Size in SADC

After two years of growth, the SADC vapour power unit market decreased by -41.7% to $X in 2021. In general, consumption, however, enjoyed a measured expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank rapidly in the following year.

Vapour Power Unit Production in SADC

In value terms, vapour power unit production rose modestly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 15% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Vapour Power Unit Exports

Exports in SADC

Vapour power unit exports soared to X tons in 2021, jumping by 68% on the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 340% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, vapour power unit exports soared to $X in 2021. In general, exports showed a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by 203% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, reaching X tons, which was approx. 92% of total exports in 2021. Mauritius (X tons) took a little share of total exports.

South Africa was also the fastest-growing in terms of the condensers for steam or other vapour power units exports, with a CAGR of +2.1% from 2012 to 2021. Mauritius (-11.2%) illustrated a downward trend over the same period. While the share of South Africa (+12 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Mauritius (-9.1 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest vapour power unit supplier in SADC, comprising 84% of total exports. The second position in the ranking was held by Mauritius ($X), with a 9.8% share of total exports.

In South Africa, vapour power unit exports expanded at an average annual rate of +6.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, surging by 47% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2016 an increase of 161%. Over the period under review, the export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mauritius ($X per ton), while South Africa amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritius (+16.1%).

Vapour Power Unit Imports

Imports in SADC

After two years of growth, overseas purchases of condensers for steam or other vapour power units decreased by -37.4% to X tons in 2021. In general, imports, however, enjoyed slight growth. The most prominent rate of growth was recorded in 2016 with an increase of 150%. The volume of import peaked at X tons in 2020, and then declined rapidly in the following year.

In value terms, vapour power unit imports declined dramatically to $X in 2021. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 166%. As a result, imports attained the peak of $X, and then fell sharply in the following year.

Imports by Country

Angola prevails in imports structure, reaching X tons, which was approx. 74% of total imports in 2021. Democratic Republic of the Congo (X tons) took a 9.2% share (based on physical terms) of total imports, which put it in second place, followed by Botswana (4.7%). The following importers - South Africa (X tons) and Tanzania (X tons) - each finished at a 6.6% share of total imports.

Angola was also the fastest-growing in terms of the condensers for steam or other vapour power units imports, with a CAGR of +34.7% from 2012 to 2021. At the same time, Democratic Republic of the Congo (+20.7%) and Botswana (+18.9%) displayed positive paces of growth. Tanzania experienced a relatively flat trend pattern. By contrast, South Africa (-23.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Angola, Democratic Republic of the Congo and Botswana increased by +68, +7.3 and +3.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Angola ($X) constitutes the largest market for imported condensers for steam or other vapour power units in SADC, comprising 81% of total imports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 5.1% share of total imports. It was followed by Botswana, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Angola amounted to +50.3%. The remaining importing countries recorded the following average annual rates of imports growth: Democratic Republic of the Congo (+8.5% per year) and Botswana (+27.3% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, waning by -25.3% against the previous year. Overall, the import price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2013 an increase of 60%. The level of import peaked at $X per ton in 2020, and then fell notably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Angola ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+69.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform