South Africa: Vapour Power Unit Market 2024

Vapour Power Unit Market Size in South Africa

The South African vapour power unit market declined to $X in 2021, dropping by -8.3% against the previous year. In general, consumption continues to indicate a pronounced descent. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Vapour Power Unit Production in South Africa

In value terms, vapour power unit production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Vapour Power Unit Exports

Exports from South Africa

In 2021, exports of condensers for steam or other vapour power units from South Africa skyrocketed to X tons, with an increase of 76% against 2020 figures. Over the period under review, exports continue to indicate a temperate expansion. The growth pace was the most rapid in 2015 with an increase of 653% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, vapour power unit exports soared to $X in 2021. Overall, exports posted buoyant growth. The growth pace was the most rapid in 2017 with an increase of 274% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Zambia (X tons), Botswana (X tons) and Namibia (X tons) were the main destinations of vapour power unit exports from South Africa, with a combined 67% share of total exports. These countries were followed by Zimbabwe, Seychelles, Swaziland, Mozambique and Democratic Republic of the Congo, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were in Seychelles (with a CAGR of +70.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X) emerged as the key foreign market for vapour power unit exports from South Africa, comprising 35% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a 15% share of total exports. It was followed by Zambia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Botswana totaled +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+13.2% per year) and Zambia (+11.5% per year).

Export Prices by Country

The average vapour power unit export price stood at $X per ton in 2021, increasing by 105% against the previous year. In general, the export price showed notable growth. The growth pace was the most rapid in 2017 when the average export price increased by 202% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+88.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vapour Power Unit Imports

Imports into South Africa

In 2021, the amount of condensers for steam or other vapour power units imported into South Africa soared to X tons, growing by 126% on the year before. Overall, imports, however, saw a significant curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by 2,403%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, vapour power unit imports soared to $X in 2021. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 2,146% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vapour power unit to South Africa, accounting for a 74% share of total imports. Moreover, vapour power unit imports from China exceeded the figures recorded by the second-largest supplier, India (X kg), eightfold. Germany (X kg) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-17.8% per year) and Germany (+91.1% per year).

In value terms, China ($X) constituted the largest supplier of vapour power unit to South Africa, comprising 42% of total imports. The second position in the ranking was held by India ($X), with a 17% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +76.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+44.2% per year) and Germany (+88.5% per year).

Import Prices by Country

The average vapour power unit import price stood at $X per ton in 2021, falling by -11% against the previous year. Over the period under review, the import price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 12,717% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Botswana (+129.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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