SADC: Refrigerator And Freezer Market 2025

Refrigerator And Freezer Market Size in SADC

In 2022, the SADC refrigerator and freezer market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption showed a slight reduction. 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.

Refrigerator And Freezer Production in SADC

In value terms, refrigerator and freezer production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Refrigerator And Freezer Exports

Exports in SADC

In 2022, shipments abroad of refrigerators and freezers increased by X% to X units, rising for the fourth year in a row after two years of decline. The total export volume increased at an average annual rate of X% 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 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, refrigerator and freezer exports totaled $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, South Africa (X units) was the major exporter of refrigerators and freezers, creating X% of total exports. It was distantly followed by Swaziland (X units), generating an X% share of total exports. Zimbabwe (X units) took a little share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Zimbabwe (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Swaziland and Zimbabwe increased by X and X percentage points, respectively.

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

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

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per unit), while Swaziland ($X per unit) was amongst the lowest.

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

Refrigerator And Freezer Imports

Imports in SADC

Refrigerator and freezer imports fell to X units in 2022, with a decrease of X% compared with 2021 figures. Over the period under review, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, refrigerator and freezer imports amounted to $X in 2022. Overall, imports saw a noticeable slump. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Africa represented the key importer of refrigerators and freezers in SADC, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. Angola (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mozambique (X%), Zambia (X%), Tanzania (X%), Democratic Republic of the Congo (X%) and Botswana (X%). Mauritius (X units) held a minor share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of refrigerators and freezers. At the same time, Tanzania (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Botswana experienced a relatively flat trend pattern. By contrast, Zambia (X%), Democratic Republic of the Congo (X%), Mozambique (X%) and Angola (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Tanzania (X p.p.) and Botswana (X p.p.) significantly strengthened its position in terms of the total imports, while Mozambique and Angola saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest refrigerator and freezer importing markets in SADC were South Africa ($X), Angola ($X) and Zambia ($X), with a combined X% share of total imports. Tanzania, Mauritius, Botswana, Mozambique and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Tanzania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. The level of import peaked at $X per unit in 2012; however, from 2013 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 Mauritius ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform