South Africa: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in South Africa

For the third consecutive year, the South African electric heating resistor market recorded growth in sales value, which increased by 48% to $X in 2021. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +50.5% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electric Heating Resistor Exports

Exports from South Africa

In 2021, exports of electric heating resistors from South Africa dropped rapidly to X units, which is down by -15.9% against 2020. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 77% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, electric heating resistor exports fell to $X in 2021. Over the period under review, exports recorded a perceptible descent. The pace of growth appeared the most rapid in 2014 when exports increased by 79%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units), Namibia (X units) and Swaziland (X units) were the main destinations of electric heating resistor exports from South Africa, together comprising 57% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +72.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric heating resistor exported from South Africa were the United States ($X), Namibia ($X) and Swaziland ($X), with a combined 57% share of total exports. Botswana, the Netherlands, Zimbabwe, Lesotho, Mozambique, Zambia, Malawi, Kazakhstan and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 37%.

Kazakhstan, with a CAGR of +80.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electric heating resistor export price amounted to $X per unit, growing by 7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 13%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Lesotho ($X per unit) and Malawi ($X per unit), while the average price for exports to Namibia ($X per unit) and Mozambique ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Heating Resistor Imports

Imports into South Africa

In 2021, purchases abroad of electric heating resistors increased by 39% to X units, rising for the second consecutive year after two years of decline. In general, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor imports surged to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electric heating resistor to South Africa, with a 82% share of total imports. Moreover, electric heating resistor imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), sixfold. Italy (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+81.8% per year) and Italy (+23.6% per year).

In value terms, China ($X) constituted the largest supplier of electric heating resistors to South Africa, comprising 56% of total imports. The second position in the ranking was held by Italy ($X), with a 6.4% share of total imports. It was followed by Germany, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.0% per year) and Germany (-9.9% per year).

Import Prices by Country

In 2021, the average electric heating resistor import price amounted to $X per unit, remaining stable against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 46% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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