SADC: Electric Heating Equipment Market 2024

Electric Heating Equipment Market Size in SADC

The SADC electric heating equipment market dropped to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Electric Heating Equipment Production in SADC

In value terms, electric heating equipment production expanded significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Electric Heating Equipment Exports

Exports in SADC

In 2022, shipments abroad of electric space heating apparatus and soil heating apparatus increased by 3% to X units, rising for the second year in a row after seven years of decline. Overall, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 105% 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 dropped to $X in 2022. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 95% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, amounting to X units, which was near 92% of total exports in 2022. It was distantly followed by Mozambique (X units), comprising a 5.2% share of total exports.

Exports from South Africa decreased at an average annual rate of -6.1% from 2012 to 2022. At the same time, Mozambique (+45.1%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of +45.1% from 2012-2022. While the share of Mozambique (+5.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (-6.1 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest electric heating equipment supplier in SADC, comprising 89% of total exports. The second position in the ranking was held by Mozambique ($X), with a 3.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled -9.9%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, waning by -17.1% against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 2.1%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Mozambique amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-4.0%).

Electric Heating Equipment Imports

Imports in SADC

In 2022, the amount of electric space heating apparatus and soil heating apparatus imported in SADC fell markedly to X units, waning by -24.4% against the previous year's figure. In general, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 63%. As a result, imports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, electric heating equipment imports reduced notably to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, imports reached the peak of $X, and then reduced remarkably in the following year.

Imports by Country

The purchases of the one major importers of electric space heating apparatus and soil heating apparatus, namely South Africa, represented more than two-thirds of total import.

South Africa was also the fastest-growing in terms of the electric space heating apparatus and soil heating apparatus imports, with a CAGR of +5.7% from 2012 to 2022. The shares of the largest importers 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 SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to -1.0%.

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, rising by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt setback. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -6.4% per year.

Source: IndexBox Platform