SADC: Hvac Equipment Market 2024

Hvac Equipment Market Size in SADC

The SADC HVAC equipment market declined to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption continues to indicate a prominent increase. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Hvac Equipment Production in SADC

In value terms, HVAC equipment production contracted slightly to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Hvac Equipment Exports

Exports in SADC

In 2022, overseas shipments of HVAC equipment increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, HVAC equipment exports declined to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, amounting to X units, which was approx. X% of total exports in 2022. The following exporters - Zambia (X units) and Mozambique (X units) - each resulted at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to HVAC equipment exports from South Africa stood at X%. At the same time, Mozambique (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Mozambique (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest HVAC equipment supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports.

In South Africa, HVAC equipment exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Mozambique (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, showed notable growth. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced mixed trends in the export price figures.

Hvac Equipment Imports

Imports in SADC

In 2022, approx. X units of HVAC equipment were imported in SADC; increasing by X% against the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, HVAC equipment imports rose rapidly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

South Africa prevails in imports structure, finishing at X units, which was approx. X% of total imports in 2022. Angola (X units) ranks second in terms of the total imports with a X% share, followed by Democratic Republic of the Congo (X%). Zambia (X units), Tanzania (X units), Zimbabwe (X units) and Namibia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to HVAC equipment imports into South Africa stood at X%. At the same time, Democratic Republic of the Congo (X%), Zimbabwe (X%), Zambia (X%), Tanzania (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Angola (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Democratic Republic of the Congo and Zimbabwe increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported HVAC equipment in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 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 Angola ($X per unit), while South Africa ($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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform