South Africa: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in South Africa

The South African market for non-domestic percolators and equipment for cooking or heating food skyrocketed to $X in 2022, picking up by 84% 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). In general, the total consumption indicated a moderate increase 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, consumption increased by +127.6% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports from South Africa

In 2022, shipments abroad of non-domestic percolators and equipment for cooking or heating food increased by 24% to X units, rising for the third year in a row after three years of decline. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 365%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food soared to $X in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for exports of non-domestic percolators and equipment for cooking or heating food from South Africa, with a 43% share of total exports. Moreover, exports of non-domestic percolators and equipment for cooking or heating food to the United States exceeded the volume sent to the second major destination, Zimbabwe (X units), fourfold. The third position in this ranking was taken by Australia (X units), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+16.9% per year) and Australia (+31.5% per year).

In value terms, the United States ($X) remains the key foreign market for non-domestic percolators and equipment for cooking or heating food exports from South Africa, comprising 26% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with an 11% share of total exports. It was followed by Zambia, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+3.1% per year) and Zambia (+2.7% per year).

Export Prices by Country

The average export price for non-domestic percolators and equipment for cooking or heating food stood at $X per unit in 2022, increasing by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 when the average export price increased by 57%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Australia ($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 Sweden (-5.2%), while the prices for the other major destinations experienced a decline.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports into South Africa

In 2022, after two years of decline, there was significant growth in overseas purchases of non-domestic percolators and equipment for cooking or heating food, when their volume increased by 96% to X units. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food skyrocketed to $X in 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +154.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 61% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-domestic percolators and equipment for cooking or heating food to South Africa, with a 69% share of total imports. Moreover, imports of non-domestic percolators and equipment for cooking or heating food from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. The third position in this ranking was taken by Germany (X units), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.4% per year) and Germany (+14.8% per year).

In value terms, the United States ($X) constituted the largest supplier of non-domestic percolators and equipment for cooking or heating food to South Africa, comprising 36% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.9% per year) and Italy (-3.6% per year).

Import Prices by Country

The average import price for non-domestic percolators and equipment for cooking or heating food stood at $X per unit in 2022, shrinking by -19% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 72%. As a result, import price reached the peak level of $X per unit, and then dropped remarkably in the following year.

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 Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform