SADC: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in SADC

The SADC heat exchange unit market expanded to $X in 2022, picking up by 3.4% against the previous year. The market 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 level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Heat Exchange Unit Production in SADC

In value terms, heat exchange unit production totaled $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 44%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Heat Exchange Unit Exports

Exports in SADC

In 2022, shipments abroad of heat exchange units increased by 6.3% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 551%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, heat exchange unit exports surged to $X in 2022. Over the period under review, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 76% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, resulting at X units, which was approx. 95% of total exports in 2022. Zimbabwe (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to heat exchange unit exports from South Africa stood at -11.1%. At the same time, Zimbabwe (+15.3%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in SADC, with a CAGR of +15.3% from 2012-2022. From 2012 to 2022, the share of Zimbabwe increased by +2.7 percentage points.

In value terms, South Africa ($X) remains the largest heat exchange unit supplier in SADC, comprising 97% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a 0.7% share of total exports.

In South Africa, heat exchange unit exports expanded at an average annual rate of +7.3% over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, increasing by 9.2% against the previous year. Overall, the export price posted a significant expansion. The growth pace was the most rapid in 2015 when the export price increased by 449% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Zimbabwe amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+20.8%).

Heat Exchange Unit Imports

Imports in SADC

In 2022, imports of heat exchange units in SADC fell to X units, with a decrease of -6.7% against the year before. Over the period under review, imports saw a abrupt slump. The growth pace was the most rapid in 2013 when imports increased by 133% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, heat exchange unit imports shrank notably to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 61% against the previous year. Over the period under review, imports reached 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) represented the key importer of heat exchange units, creating 39% of total imports. Democratic Republic of the Congo (X units) ranks second in terms of the total imports with a 22% share, followed by Angola (14%) and Tanzania (10%). Zambia (X units), Madagascar (X units) and Zimbabwe (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +31.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported heat exchange units in SADC, comprising 51% of total imports. The second position in the ranking was held by Angola ($X), with a 14% share of total imports. It was followed by Democratic Republic of the Congo, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to -1.2%. In the other countries, the average annual rates were as follows: Angola (+2.9% per year) and Democratic Republic of the Congo (+14.2% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, reducing by -11.4% against the previous year. In general, the import price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when the import price increased by 66% against the previous year. The level of import peaked at $X per unit in 2021, and then shrank in the following year.

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 Madagascar ($X per unit), while Democratic Republic of the Congo ($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 (+16.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform