Africa: Market for Non-Domestic Heat Exchange Units 2024

Market Size for Non-Domestic Heat Exchange Units in Africa

The African non-domestic heat exchange unit market contracted slightly to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Non-Domestic Heat Exchange Units in Africa

In value terms, non-domestic heat exchange unit production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Non-Domestic Heat Exchange Units

Exports in Africa

In 2022, overseas shipments of non-domestic heat exchange units increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-domestic heat exchange unit exports soared to $X in 2022. Over the period under review, exports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, resulting at X units, which was near X% of total exports in 2022. Ethiopia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-domestic heat exchange unit exports from South Africa stood at X%. At the same time, Ethiopia (X%) displayed positive paces of growth. Moreover, Ethiopia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Africa increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest non-domestic heat exchange unit supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Ethiopia ($X), with a X% share of total exports.

In South Africa, non-domestic heat exchange unit exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($X per unit), while South Africa amounted to $X per unit.

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

Imports of Non-Domestic Heat Exchange Units

Imports in Africa

In 2022, purchases abroad of non-domestic heat exchange units increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, non-domestic heat exchange unit imports reduced notably to $X in 2022. Total imports indicated buoyant 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then declined dramatically in the following year.

Imports by Country

In 2022, Tunisia (X units) was the key importer of non-domestic heat exchange units, generating X% of total imports. Algeria (X units) ranks second in terms of the total imports with a X% share, followed by South Africa (X%). The following importers - Kenya (X units), Nigeria (X units) and Egypt (X units) - together made up X% of total imports.

Imports into Tunisia increased at an average annual rate of X% from 2012 to 2022. At the same time, Kenya (X%), Nigeria (X%), Algeria (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) illustrated a downward trend over the same period. While the share of Tunisia (X p.p.) and Kenya (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Algeria (X p.p.), South Africa (X p.p.) and Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X), Egypt ($X) and South Africa ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Nigeria, Kenya and Tunisia lagged somewhat behind, together comprising a further X%.

Kenya, 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, dropping by X% against the previous year. Overall, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a 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 Egypt ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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