SADC: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in SADC

In 2022, the SADC non-electric roasting furnace market increased by 23% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a perceptible increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Roasting Furnace Production in SADC

In value terms, non-electric roasting furnace production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 53%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Non-Electric Roasting Furnace Exports

Exports in SADC

In 2022, overseas shipments of non-electric furnaces and ovens for the roasting or melting increased by 29% to X units, rising for the third year in a row after two years of decline. Overall, exports posted a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 186%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric roasting furnace exports shrank notably to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 448% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X units) represented roughly 99% of total exports in 2022.

South Africa was also the fastest-growing in terms of the non-electric furnaces and ovens for the roasting or melting exports, with a CAGR of +13.6% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by +6.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest non-electric roasting furnace supplier in SADC.

In South Africa, non-electric roasting furnace exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, which is down by -66.2% against the previous year. Over the period under review, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 423% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat 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 -12.7% per year.

Non-Electric Roasting Furnace Imports

Imports in SADC

In 2022, approx. X units of non-electric furnaces and ovens for the roasting or melting were imported in SADC; increasing by 28% on 2021. Overall, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 656% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-electric roasting furnace imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 156% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Zimbabwe (X units), distantly followed by Tanzania (X units), South Africa (X units), Zambia (X units) and Mozambique (X units) represented the largest importers of non-electric furnaces and ovens for the roasting or melting, together achieving 93% of total imports. The following importers - Madagascar (X units) and Mauritius (X units) - each reached a 4.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +38.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X) constitutes the largest market for imported non-electric furnaces and ovens for the roasting or melting in SADC, comprising 68% of total imports. The second position in the ranking was taken by Zambia ($X), with a 16% share of total imports. It was followed by South Africa, with a 6.5% share.

In Zimbabwe, non-electric roasting furnace imports expanded at an average annual rate of +33.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Zambia (+6.9% per year) and South Africa (-23.0% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, increasing by 83% against the previous year. Over the period under review, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 when the import price increased by 180%. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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 Mauritius (+14.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform