South Africa - Heat Pumps other than Air Conditioning Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHeat Pump Price in South Africa - 2023
Contents:
- Heat Pump Price in South Africa (CIF) - 2023
- Heat Pump Price in South Africa (FOB) - 2022
- Heat Pump Imports in South Africa
- Heat Pump Exports in South Africa
Heat Pump Price in South Africa (CIF) - 2023
In September 2023, the average heat pump import price amounted to $857 per unit, increasing by 219% against the previous month. In general, the import price, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in November 2022 an increase of 328% against the previous month. The import price peaked at $1,968 per unit in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($4,684 per unit), while the price for China ($739 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+40.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Heat Pump Price in South Africa (FOB) - 2022
The average heat pump export price stood at $1,552 per unit in 2022, growing by 3.5% against the previous year. Overall, the export price saw a strong expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 62%. The export price peaked at $1,560 per unit in 2020; afterwards, it flattened through to 2022.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Malawi ($1,558 per unit) and Botswana ($1,558 per unit), while the average price for exports to Japan ($1,538 per unit) and Democratic Republic of the Congo ($1,540 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.
Heat Pump Imports in South Africa
Heat pump imports into South Africa rose significantly to 17K units in 2022, increasing by 7.4% on 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, imports hit record highs at 17K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, heat pump imports rose markedly to $26M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Heat Pump in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.7 | 10.5 | 15.2 | 13.8 | 2.8% |
| France | 7.6 | 6.4 | 7.0 | 7.8 | 0.9% |
| United Arab Emirates | 1.9 | 0.8 | 1.6 | 2.7 | 12.4% |
| Czech Republic | N/A | 0.7 | N/A | 0.5 | -15.5% |
| India | 1.1 | 0.3 | N/A | N/A | -72.7% |
| Others | 1.4 | 1.5 | 0.8 | 1.2 | -5.0% |
| Total | 24.6 | 20.3 | 24.6 | 25.9 | 1.7% |
Top Suppliers of Heat Pump to South Africa in 2022:
- China (9.3K units)
- France (5.2K units)
- United Arab Emirates (1.8K units)
- Czech Republic (0.3K units)
Heat Pump Exports in South Africa
In 2022, after two years of decline, there was significant growth in overseas shipments of heat pumps other than air conditioning machines, when their volume increased by 8.3% to 1.6K units. Overall, exports, however, saw a abrupt slump. The exports peaked at 2K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, heat pump exports expanded remarkably to $2.5M in 2022. In general, exports, however, showed a deep setback. The exports peaked at $2.9M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Heat Pump in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 205 | 208 | 180 | 448 | 29.8% |
| Namibia | 379 | 126 | 202 | 413 | 2.9% |
| Zimbabwe | 140 | 173 | 416 | 408 | 42.8% |
| Botswana | 495 | 160 | 484 | 274 | -17.9% |
| Swaziland | 202 | 75.8 | 181 | 135 | -12.6% |
| Lesotho | 431 | 141 | 174 | 129 | -33.1% |
| Mozambique | 43.1 | 81.9 | 41.8 | 126 | 43.0% |
| Malawi | 102 | 94.9 | 130 | 99.7 | -0.8% |
| Nigeria | 4.4 | 33.2 | 12.5 | 76.2 | 158.7% |
| Japan | N/A | N/A | 2.7 | 69.2 | 2463.0% |
| Australia | N/A | N/A | N/A | 67.9 | 0% |
| Ghana | N/A | 9.5 | 7.7 | 54.4 | 139.3% |
| Democratic Republic of the Congo | 95.5 | 32.6 | 108 | 38.5 | -26.1% |
| Others | 838 | 1,687 | 253 | 118 | -48.0% |
| Total | 2,935 | 2,823 | 2,192 | 2,456 | -5.8% |
Top Export Markets for Heat Pump from South Africa in 2022:
- Zambia (288.0 units)
- Namibia (266.0 units)
- Zimbabwe (263.0 units)
- Botswana (176.0 units)
- Swaziland (87.0 units)
- Lesotho (83.0 units)
- Mozambique (81.0 units)
- Malawi (64.0 units)
- Nigeria (49.0 units)
- Japan (45.0 units)
- Australia (44.0 units)
- Ghana (35.0 units)
- Democratic Republic of the Congo (25.0 units)
This report provides an in-depth analysis of the heat pump 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 28251380 - Heat pumps other than air conditioning machines of HS
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
-
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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