South Africa: Refrigerated Show-Cases Market 2024

Refrigerated Show-Cases Market Size in South Africa

In 2022, the South African refrigerated show-cases market increased by 6.3% to $X, rising for the sixth consecutive year after three years of decline. In general, consumption enjoyed a remarkable increase. Refrigerated show-cases consumption peaked in 2022 and is likely to see steady growth in years to come.

Refrigerated Show-Cases Production in South Africa

In value terms, refrigerated show-cases production totaled $X in 2022 estimated in export price. Over the period under review, production showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 111%. Refrigerated show-cases production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Refrigerated Show-Cases Exports

Exports from South Africa

In 2022, overseas shipments of refrigerated show-caseses increased by 7% to X units, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, refrigerated show-cases exports soared to $X in 2022. Over the period under review, exports, however, saw a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Namibia (X units), Zambia (X units) and Zimbabwe (X units) were the main destinations of refrigerated show-cases exports from South Africa, with a combined 52% share of total exports. Swaziland, Botswana, Malawi, Australia, Mozambique and Angola lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +18.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refrigerated show-cases exported from South Africa were Namibia ($X), Zambia ($X) and Botswana ($X), with a combined 47% share of total exports. Zimbabwe, Swaziland, Mozambique, Australia, Malawi and Angola lagged somewhat behind, together comprising a further 32%.

Australia, with a CAGR of +8.6%, recorded the highest rates of growth with regard to 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 2022, the average refrigerated show-cases export price amounted to $X per unit, with an increase of 26% against the previous year. Over the period under review, the export price, however, saw a deep slump. The export price peaked 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 for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Malawi ($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 Angola (+2.7%), while the prices for the other major destinations experienced a decline.

Refrigerated Show-Cases Imports

Imports into South Africa

In 2022, imports of refrigerated show-caseses into South Africa skyrocketed to X units, picking up by 26% against the year before. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 134%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, refrigerated show-cases imports skyrocketed to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +83.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Swaziland (X units), China (X units) and India (X units) were the main suppliers of refrigerated show-cases imports to South Africa, with a combined 88% share of total imports. Austria, Portugal and Italy lagged somewhat behind, together accounting for a further 5.8%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +48.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Swaziland ($X), China ($X) and Austria ($X) constituted the largest refrigerated show-cases suppliers to South Africa, with a combined 46% share of total imports. Portugal, India and Italy lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, Portugal, with a CAGR of +23.4%, 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 average refrigerated show-cases import price stood at $X per unit in 2022, leveling off at the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform