South Africa: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in South Africa

The South African electric oven and cooker market amounted to $X in 2022, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the immediate term.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from South Africa

In 2022, shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters increased by 13% to X units, rising for the fourth consecutive year after three years of decline. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 84%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, electric oven and cooker exports rose notably to $X in 2022. Over the period under review, exports, however, saw a perceptible setback. The growth pace was the most rapid in 2021 when exports increased by 30%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X units), Botswana (X units) and Zambia (X units) were the main destinations of electric oven and cooker exports from South Africa, with a combined 73% share of total exports. Lesotho, Swaziland, Malawi, Zimbabwe and Mozambique lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lesotho (with a CAGR of +16.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric oven and cooker exported from South Africa were Zambia ($X), Namibia ($X) and Botswana ($X), together accounting for 63% of total exports. Zimbabwe, Swaziland, Malawi, Lesotho and Mozambique lagged somewhat behind, together comprising a further 27%.

Swaziland, with a CAGR of +5.1%, saw 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

The average electric oven and cooker export price stood at $X per unit in 2022, which is down by -6.3% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 55%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into South Africa

In 2022, electric oven and cooker imports into South Africa dropped to X units, waning by -12.5% against 2021 figures. Overall, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electric oven and cooker imports rose remarkably to $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 48%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main electric oven and cooker supplier to South Africa, with a 95% share of total imports. It was followed by Turkey (X units), with a 1.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -1.5%.

In value terms, China ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to South Africa, comprising 65% of total imports. The second position in the ranking was taken by Turkey ($X), with a 7.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +2.3%.

Import Prices by Country

The average electric oven and cooker import price stood at $X per unit in 2022, surging by 22% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric oven and cooker import price increased by +61.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 32% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.2%).

Source: IndexBox Platform

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