SADC: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in SADC

After two years of decline, the SADC electric heating resistor market increased by 11% to $X in 2021. The market value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Electric Heating Resistor Production in SADC

In value terms, electric heating resistor production stood at $X in 2021 estimated in export price. Overall, production showed slight growth. The growth pace was the most rapid in 2018 when the production volume increased by 110% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Electric Heating Resistor Exports

Exports in SADC

In 2021, electric heating resistor exports in SADC contracted remarkably to X units, dropping by -17.6% against the year before. Overall, exports showed a deep contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 78% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, electric heating resistor exports declined to $X in 2021. In general, exports showed a pronounced downturn. The growth pace was the most rapid in 2014 with an increase of 79%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, accounting for X units, which was near 96% of total exports in 2021. Namibia (X units) took a relatively small share of total exports.

South Africa was also the fastest-growing in terms of the electric heating resistors exports, with a CAGR of -8.6% from 2012 to 2021. Namibia (-9.9%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest electric heating resistor supplier in SADC, comprising 99% of total exports. The second position in the ranking was taken by Namibia ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Africa stood at -4.9%.

Export Prices by Country

The export price in SADC stood at $X per unit in 2021, picking up by 8.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2020 an increase of 11%. Over the period under review, the export prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Namibia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (+5.3%).

Electric Heating Resistor Imports

Imports in SADC

In 2021, overseas purchases of electric heating resistors were finally on the rise to reach 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 +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, electric heating resistor imports surged to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; however, 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

South Africa dominates imports structure, amounting to X units, which was approx. 77% of total imports in 2021. It was distantly followed by Botswana (X units), constituting a 4.6% share of total imports. Democratic Republic of the Congo (X units), Tanzania (X units), Mozambique (X units), Zimbabwe (X units) and Angola (X units) took a little share of total imports.

Imports into South Africa increased at an average annual rate of +3.0% from 2012 to 2021. At the same time, Mozambique (+22.2%) and Tanzania (+11.7%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of +22.2% from 2012-2021. Botswana and Democratic Republic of the Congo experienced a relatively flat trend pattern. By contrast, Angola (-6.5%) and Zimbabwe (-11.4%) illustrated a downward trend over the same period. South Africa (+11 p.p.) and Mozambique (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Angola and Zimbabwe saw its share reduced by -1.9% and -4.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported electric heating resistors in SADC, comprising 83% of total imports. The second position in the ranking was taken by Angola ($X), with a 1.9% share of total imports. It was followed by Botswana, with a 1.7% share.

In South Africa, electric heating resistor imports expanded at an average annual rate of +3.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Angola (-2.8% per year) and Botswana (+1.9% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per unit, increasing by 5.1% against the previous year. Import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric heating resistor import price decreased by -8.5% against 2019 indices. The growth pace was the most rapid in 2016 when the import price increased by 27%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform