South Africa - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCombined Refrigerator-Freezer Price in South Africa - 2023
Contents:
- Combined Refrigerator-Freezer Price in South Africa (CIF) - 2023
- Combined Refrigerator-Freezer Price in South Africa (FOB) - 2023
- Combined Refrigerator-Freezer Imports in South Africa
- Combined Refrigerator-Freezer Exports in South Africa
Combined Refrigerator-Freezer Price in South Africa (CIF) - 2023
In July 2023, the average combined refrigerator-freezer import price amounted to $191 per unit, jumping by 26% against the previous month. Over the period under review, import price indicated a strong expansion from July 2022 to July 2023: its price increased at an average monthly rate of +5.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, combined refrigerator-freezer import price increased by +25.9% against June 2023 indices. The pace of growth was the most pronounced in August 2022 an increase of 85% m-o-m. Over the period under review, average import prices hit record highs at $276 per unit in November 2022; however, from December 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($361 per unit), while the price for China ($166 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Combined Refrigerator-Freezer Price in South Africa (FOB) - 2023
The average combined refrigerator-freezer export price stood at $287 per unit in July 2023, with an increase of 21% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 33% m-o-m. As a result, the export price attained the peak level of $316 per unit. From September 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Namibia ($389 per unit), while the average price for exports to Zambia ($234 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Combined Refrigerator-Freezer Imports in South Africa
In 2022, supplies from abroad of combined refrigerators-freezers decreased by -22.2% to 202K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 77% against the previous year. Over the period under review, imports reached the peak figure at 259K units in 2021, and then shrank rapidly in the following year.
In value terms, combined refrigerator-freezer imports declined dramatically to $35M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. As a result, imports reached the peak of $55M, and then declined markedly in the following year.
Import of Combined Refrigerator-Freezer in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 20.7 | 23.4 | 41.7 | 23.5 | 4.3% |
Turkey | 3.8 | 2.3 | 6.5 | 7.7 | 26.5% |
South Korea | 1.5 | 1.1 | 1.6 | 1.0 | -12.6% |
Thailand | 1.4 | 1.6 | 1.9 | 0.9 | -13.7% |
Poland | 3.6 | 2.8 | 0.9 | 0.1 | -69.7% |
Others | 3.7 | 2.5 | 2.4 | 2.0 | -18.5% |
Total | 34.7 | 33.7 | 55.0 | 35.3 | 0.6% |
Top Suppliers of Combined Refrigerator-Freezer to South Africa in 2022:
- China (141.1K units)
- Turkey (22.5K units)
- Thailand (7.3K units)
- South Korea (5.1K units)
- Poland (0.4K units)
Combined Refrigerator-Freezer Exports in South Africa
In 2022, overseas shipments of combined refrigerators-freezers decreased by -37.7% to 70K units, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a slight increase. The pace of growth was the most pronounced in 2020 when exports increased by 92%. As a result, the exports reached the peak of 130K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, combined refrigerator-freezer exports plummeted to $18M in 2022. In general, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, the exports attained the peak of $22M, and then shrank notably in the following year.
Export of Combined Refrigerator-Freezer in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mozambique | 3.3 | 2.5 | 2.7 | 3.6 | 2.9% |
Lesotho | 2.3 | 2.3 | 3.1 | 2.8 | 6.8% |
Zambia | 2.1 | 3.2 | 2.0 | 2.6 | 7.4% |
Namibia | 3.6 | 4.4 | 5.5 | 2.5 | -11.4% |
Swaziland | 3.0 | 2.5 | 2.3 | 2.4 | -7.2% |
Botswana | 3.8 | 3.1 | 3.9 | 2.0 | -19.3% |
Malawi | 0.5 | 0.6 | 1.3 | 0.7 | 11.9% |
Others | 1.0 | 0.9 | 1.4 | 1.4 | 11.9% |
Total | 19.6 | 19.6 | 22.0 | 18.0 | -2.8% |
Top Export Markets for Combined Refrigerator-Freezer from South Africa in 2022:
- Mozambique (15.6K units)
- Lesotho (12.5K units)
- Zambia (11.2K units)
- Swaziland (10.8K units)
- Namibia (8.5K units)
- Malawi (4.4K units)
- Botswana (4.1K units)
This report provides an in-depth analysis of the combined refrigerator-freezer market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27511110 - Combined refrigerators-freezers, with separate external doors
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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