Africa: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2024

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Africa

The African market for iron or steel gas domestic cooking appliances and plate warmers fell to $X in 2022, declining by -7.9% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Africa

In value terms, production of iron or steel gas domestic cooking appliances and plate warmers soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 92% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports in Africa

In 2022, overseas shipments of iron or steel gas domestic cooking appliances and plate warmers decreased by -15% to X units, falling for the fifth year in a row after two years of growth. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 200% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers reduced dramatically to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

In 2022, Egypt (X units) was the major exporter of iron or steel gas domestic cooking appliances and plate warmers, committing 78% of total exports. It was distantly followed by South Africa (X units), committing a 20% share of total exports.

Exports from Egypt decreased at an average annual rate of -1.9% from 2012 to 2022. At the same time, South Africa (+13.9%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in Africa, with a CAGR of +13.9% from 2012-2022. South Africa (+15 p.p.) significantly strengthened its position in terms of the total exports, while Egypt saw its share reduced by -12.4% from 2012 to 2022, respectively.

In value terms, Egypt ($X) remains the largest iron or steel gas domestic cooking appliances and plate warmers supplier in Africa, comprising 89% of total exports. The second position in the ranking was held by South Africa ($X), with a 9% share of total exports.

In Egypt, exports of iron or steel gas domestic cooking appliances and plate warmers declined by an average annual rate of -1.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, reducing by -9.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 60%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 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 (+0.7%).

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports in Africa

In 2022, approx. X units of iron or steel gas domestic cooking appliances and plate warmers were imported in Africa; waning by -15.8% compared with the year before. Overall, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of 57% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers reduced to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 23% against the previous year. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, South Africa (X units) and Algeria (X units) were the major importers of iron or steel gas domestic cooking appliances and plate warmers in Africa, together recording approx. 40% of total imports. Nigeria (X units) took the next position in the ranking, followed by Libya (X units), Morocco (X units) and Tunisia (X units). All these countries together held approx. 27% share of total imports. Angola (X units), Sudan (X units), Ghana (X units), Gabon (X units), Mauritius (X units), Cameroon (X units) and Egypt (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cameroon (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X) constitutes the largest market for imported iron or steel gas domestic cooking appliances and plate warmers in Africa, comprising 25% of total imports. The second position in the ranking was taken by Morocco ($X), with a 12% share of total imports. It was followed by Nigeria, with a 10% share.

In Algeria, imports of iron or steel gas domestic cooking appliances and plate warmers remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (+5.5% per year) and Nigeria (+6.1% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, picking up by 5.3% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or steel gas domestic cooking appliances and plate warmers increased by +94.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by 64% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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