SADC: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in SADC

The SADC metal solid fuel appliances market rose notably to $X in 2022, with an increase of 14% against the previous year. Overall, consumption, however, saw a mild slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Iron Or Steel Solid Fuel Domestic Appliances in SADC

In value terms, metal solid fuel appliances production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2014 when the production volume increased by 24%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports in SADC

After two years of decline, shipments abroad of iron or steel solid fuel domestic appliances increased by 13% to X units in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 445%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, metal solid fuel appliances exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, South Africa (X units) was the main exporter of iron or steel solid fuel domestic appliances in SADC, generating 99% of total export.

South Africa was also the fastest-growing in terms of the iron or steel solid fuel domestic appliances exports, with a CAGR of +20.5% from 2012 to 2022. While the share of South Africa (+1.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest metal solid fuel appliances supplier in SADC.

In South Africa, metal solid fuel appliances exports expanded at an average annual rate of +3.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, remaining constant against the previous year. In general, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the export price increased by 42%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, 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 -14.2% per year.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports in SADC

In 2022, supplies from abroad of iron or steel solid fuel domestic appliances increased by 59% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when imports increased by 137% against the previous year. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, metal solid fuel appliances imports skyrocketed to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +109.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

South Africa was the main importer of iron or steel solid fuel domestic appliances in SADC, with the volume of imports finishing at X units, which was approx. 56% of total imports in 2022. Botswana (X units) ranks second in terms of the total imports with a 19% share, followed by Mozambique (10%) and Mauritius (4.6%). 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 metal solid fuel appliances imports into South Africa stood at -6.4%. At the same time, Botswana (+66.5%), Zimbabwe (+39.0%), Mozambique (+15.9%), Mauritius (+6.6%) and Namibia (+2.9%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of +66.5% from 2012-2022. From 2012 to 2022, the share of Botswana, Mozambique, Zimbabwe and Mauritius increased by +19, +8.4, +3.7 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported iron or steel solid fuel domestic appliances in SADC, comprising 64% of total imports. The second position in the ranking was held by Zimbabwe ($X), with an 18% share of total imports. It was followed by Botswana, with a 4.1% share.

In South Africa, metal solid fuel appliances imports expanded at an average annual rate of +1.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Zimbabwe (+43.9% per year) and Botswana (+60.8% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, waning by -13% against the previous year. Overall, the import price, however, posted noticeable growth. The pace of growth appeared the most rapid in 2017 an increase of 31%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zimbabwe ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform