Africa: Electric Water Heater Market 2024

Electric Water Heater Market Size in Africa

The African electric water heater market shrank to $X in 2022, declining by X% against the previous year. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Electric Water Heater Production in Africa

In value terms, electric water heater production contracted to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Electric Water Heater Exports

Exports in Africa

Electric water heater exports declined to X units in 2022, which is down by X% against 2021. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric water heater exports expanded modestly to $X in 2022. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Egypt dominates exports structure, amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by South Africa (X units), constituting an X% share of total exports.

Egypt was also the fastest-growing in terms of the electric water heaters and immersion heaters exports, with a CAGR of X% from 2012 to 2022. South Africa experienced a relatively flat trend pattern. While the share of Egypt (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, Egypt ($X) remains the largest electric water heater supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports.

In Egypt, electric water heater exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while South Africa stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%).

Electric Water Heater Imports

Imports in Africa

In 2022, imports of electric water heaters and immersion heaters in Africa dropped markedly to X units, which is down by X% compared with 2021. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, electric water heater imports declined to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, South Africa (X units), distantly followed by Kenya (X units), Morocco (X units), Libya (X units) and Nigeria (X units) represented the largest importers of electric water heaters and immersion heaters, together mixing up X% of total imports. Mozambique (X units), Algeria (X units), Botswana (X units), Tunisia (X units), Egypt (X units), Ghana (X units) and Madagascar (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ghana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Libya ($X) and Nigeria ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. South Africa, Algeria, Kenya, Egypt, Tunisia, Ghana, Botswana, Madagascar and Mozambique lagged somewhat behind, together comprising a further X%.

Ghana, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Libya ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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