SADC: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in SADC

The SADC market for industrial, laboratory or bakery ovens was estimated at $X in 2022, increasing by 4% against the previous year. Over the period under review, consumption saw a resilient expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Industrial, Laboratory or Bakery Ovens in SADC

In value terms, industrial, laboratory or bakery oven production rose modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed strong growth. The pace of growth was the most pronounced in 2018 with an increase of 163% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports in SADC

In 2022, overseas shipments of industrial, laboratory or bakery ovens increased by 70% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 335% against the previous year. As a result, the exports reached the peak of X units; afterwards, it flattened through to 2022.

In value terms, industrial, laboratory or bakery oven exports shrank to $X in 2022. In general, exports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2018 when exports increased by 385% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa represented the largest exporter of industrial, laboratory or bakery ovens in SADC, with the volume of exports finishing at X units, which was near 65% of total exports in 2022. Mozambique (X units) held a 29% share (based on physical terms) of total exports, which put it in second place, followed by Namibia (4.8%).

From 2012 to 2022, average annual rates of growth with regard to industrial, laboratory or bakery oven exports from South Africa stood at +20.9%. At the same time, Mozambique (+45.7%) and Namibia (+23.6%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of +45.7% from 2012-2022. While the share of South Africa (+31 p.p.), Mozambique (+27 p.p.) and Namibia (+2.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest industrial, laboratory or bakery oven supplier in SADC, comprising 63% of total exports. The second position in the ranking was held by Namibia ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (+42.7% per year) and Mozambique (+16.5% per year).

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, declining by -46% against the previous year. In general, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the export price increased by 277% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 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 Namibia ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+15.4%), while the other leaders experienced a decline in the export price figures.

Imports of Industrial, Laboratory or Bakery Ovens

Imports in SADC

In 2022, approx. X units of industrial, laboratory or bakery ovens were imported in SADC; declining by -3.8% against the year before. Overall, imports, however, continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2014 when imports increased by 179%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial, laboratory or bakery oven imports declined markedly to $X in 2022. Over the period under review, imports saw a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 47%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X units) and Mozambique (X units) represented the major importers of industrial, laboratory or bakery ovens in SADC, together finishing at approx. 69% of total imports. It was distantly followed by Tanzania (X units), generating a 12% share of total imports. The following importers - Democratic Republic of the Congo (X units), Angola (X units), Mauritius (X units) and Madagascar (X units) - together made up 13% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mozambique (with a CAGR of +30.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported industrial, laboratory or bakery ovens in SADC, comprising 50% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 12% share of total imports. It was followed by Democratic Republic of the Congo, with an 8% share.

In South Africa, industrial, laboratory or bakery oven imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (+14.3% per year) and Democratic Republic of the Congo (+19.9% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, with a decrease of -13.4% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the import price increased by 225%. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Democratic Republic of the Congo ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform