Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa - 2024
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa (CIF) - 2024
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa (CIF) - 2024
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $15.9 per unit in January 2024, standing approximately at the previous month. Over the period under review, the import price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in November 2023 an increase of 73% against the previous month. The import price peaked at $25.5 per unit in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Italy ($67.2 per unit), while the price for China ($10.2 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa (FOB) - 2022
In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $21 per unit, increasing by 6.2% against the previous year. Over the period under review, the export price, however, recorded a mild slump. The pace of growth was the most pronounced in 2021 an increase of 28%. The export price peaked at $24 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($32 per unit), while the average price for exports to Lesotho ($6.9 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 Zambia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa
In 2022, approx. 2.1M units of refrigerating or freezing equipment; parts thereof, other than furniture were imported into South Africa; reducing by -11.2% compared with 2021 figures. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 2.7%. Over the period under review, imports of reached the maximum at 2.6M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture totaled $44M in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.2 | 14.8 | 18.3 | 22.8 | 12.1% |
| Turkey | 3.9 | 3.0 | 3.7 | 3.7 | -1.7% |
| Poland | 2.6 | 1.9 | 2.5 | 1.5 | -16.8% |
| India | 0.6 | 0.5 | 1.5 | 1.2 | 26.0% |
| Others | 16.2 | 10.1 | 14.2 | 14.7 | -3.2% |
| Total | 39.5 | 30.4 | 40.2 | 43.9 | 3.6% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to South Africa in 2022:
- China (1558.1K units)
- Turkey (174.2K units)
- Poland (116.8K units)
- India (60.9K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa
Exports of refrigerating or freezing equipment; parts thereof, other than furniture from South Africa dropped to 736K units in 2022, declining by -13.2% against the previous year. Overall, exports recorded a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, the exports reached the peak of 849K units, and then declined in the following year.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture declined to $15M in 2022. In general, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. The exports peaked at $17M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 3.7 | 2.1 | 2.8 | 2.9 | -7.8% |
| Zimbabwe | 1.1 | 0.9 | 1.3 | 2.2 | 26.0% |
| Botswana | 1.9 | 2.2 | 4.3 | 2.2 | 5.0% |
| Zambia | 2.3 | 1.1 | 1.4 | 1.7 | -9.6% |
| Swaziland | 1.2 | 0.7 | 1.1 | 1.5 | 7.7% |
| Mozambique | 1.2 | 0.5 | 0.8 | 1.1 | -2.9% |
| Lesotho | 0.5 | 0.2 | 0.4 | 0.2 | -26.3% |
| Others | 4.9 | 3.1 | 4.7 | 3.7 | -8.9% |
| Total | 16.8 | 10.8 | 16.8 | 15.5 | -2.6% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from South Africa in 2022:
- Botswana (218.9K units)
- Zimbabwe (108.6K units)
- Namibia (106.6K units)
- Swaziland (58.8K units)
- Zambia (52.7K units)
- Mozambique (46.5K units)
- Lesotho (35.0K units)
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