Africa: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Africa

The African metal solid fuel appliances market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Africa

In value terms, metal solid fuel appliances production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced curtailment. The pace of growth appeared the most rapid in 2016 when the production volume increased by 52%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports in Africa

In 2022, shipments abroad of iron or steel solid fuel domestic appliances was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 310%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, metal solid fuel appliances exports surged to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 57% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from South Africa (X units), together accounting for 97% of total export.

South Africa was also the fastest-growing in terms of the iron or steel solid fuel domestic appliances exports, with a CAGR of +20.5% from 2012 to 2022. While the share of South Africa (+36 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest metal solid fuel appliances supplier in Africa.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at +3.4%.

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, with an increase of 9% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when the export price increased by 68%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -14.2% per year.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports in Africa

In 2022, overseas purchases of iron or steel solid fuel domestic appliances increased by 47% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 123%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, metal solid fuel appliances imports soared to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +93.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

South Africa was the major importer of iron or steel solid fuel domestic appliances in Africa, with the volume of imports finishing at X units, which was approx. 41% of total imports in 2022. Morocco (X units) took the second position in the ranking, followed by Botswana (X units) and Mozambique (X units). All these countries together held near 37% share of total imports. The following importers - Mauritius (X units), Egypt (X units), Zimbabwe (X units) and Libya (X units) - together made up 11% of total imports.

Imports into South Africa decreased at an average annual rate of -6.4% from 2012 to 2022. At the same time, Botswana (+66.5%), Morocco (+46.0%), Zimbabwe (+39.0%), Mozambique (+15.9%), Mauritius (+6.6%) and Egypt (+5.6%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in Africa, with a CAGR of +66.5% from 2012-2022. By contrast, Libya (-1.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Morocco, Botswana, Mozambique, Zimbabwe and Mauritius increased by +16, +14, +5.8, +2.7 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported iron or steel solid fuel domestic appliances in Africa, comprising 43% of total imports. The second position in the ranking was taken by Morocco ($X), with a 16% share of total imports. It was followed by Zimbabwe, with a 12% share.

In South Africa, metal solid fuel appliances imports increased at an average annual rate of +1.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (+18.8% per year) and Zimbabwe (+43.9% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, which is down by -13% against the previous year. Over the period under review, the import price, however, recorded measured growth. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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