SADC: Non-Household Fan Market 2024

Non-Household Fan Market Size in SADC

The SADC non-household fan market declined to $X in 2022, waning by -11.9% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped in the following year.

Non-Household Fan Production in SADC

In value terms, non-household fan production totaled $X in 2022 estimated in export price. Overall, production saw resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,829% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Non-Household Fan Exports

Exports in SADC

In 2022, exports of non-household ventilation fans in SADC fell markedly to X units, waning by -64.6% against 2021. Over the period under review, exports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2017 when exports increased by 67% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-household fan exports fell significantly to $X in 2022. Overall, exports showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of 117%. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

South Africa dominates exports structure, amounting to X units, which was near 82% of total exports in 2022. It was distantly followed by Namibia (X units), constituting an 8.7% share of total exports. Angola (X units) and Botswana (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-household fan exports from South Africa stood at -3.2%. At the same time, Angola (+41.8%), Botswana (+17.2%) and Namibia (+13.0%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of +41.8% from 2012-2022. While the share of Namibia (+6.7 p.p.), Angola (+2.9 p.p.) and Botswana (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (-6.4 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest non-household fan supplier in SADC, comprising 95% of total exports. The second position in the ranking was taken by Namibia ($X), with a 2.1% share of total exports. It was followed by Angola, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at -2.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (+7.5% per year) and Angola (+35.5% per year).

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, reducing by -2.8% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 73%. As a result, the export price attained the peak level of $X per unit, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Angola ($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 (+0.5%), while the other leaders experienced a decline in the export price figures.

Non-Household Fan Imports

Imports in SADC

In 2022, approx. X units of non-household ventilation fans were imported in SADC; dropping by -35% against 2021 figures. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, non-household fan imports shrank sharply to $X in 2022. Over the period under review, imports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

South Africa dominates imports structure, recording X units, which was near 77% of total imports in 2022. Swaziland (X units), Angola (X units), Botswana (X units), Mauritius (X units), Namibia (X units), Mozambique (X units), Democratic Republic of the Congo (X units) and Tanzania (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-household fan imports into South Africa stood at -7.8%. At the same time, Botswana (+38.3%), Democratic Republic of the Congo (+14.9%), Tanzania (+12.8%), Swaziland (+9.2%), Mozambique (+9.2%), Angola (+7.0%) and Namibia (+4.1%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of +38.3% from 2012-2022. By contrast, Mauritius (-2.0%) illustrated a downward trend over the same period. While the share of Botswana (+3.3 p.p.), Swaziland (+2.8 p.p.) and Angola (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (-16.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported non-household ventilation fans in SADC, comprising 45% of total imports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 12% share of total imports. It was followed by Angola, with a 12% share.

In South Africa, non-household fan imports decreased by an average annual rate of -7.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Democratic Republic of the Congo (+14.8% per year) and Angola (-0.5% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, increasing by 7.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2018 when the import price increased by 25%. Over the period under review, import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while Swaziland ($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 (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform