Africa: Market for Vacuum Flasks and Vessels 2024

Market Size for Vacuum Flasks and Vessels in Africa

The African vacuum flask and vessel market dropped to $X in 2022, waning by X% against the previous year. Overall, consumption showed a perceptible reduction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Vacuum Flasks and Vessels in Africa

In value terms, vacuum flask and vessel production shrank to $X in 2022 estimated in export price. In general, production recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Vacuum Flasks and Vessels

Exports in Africa

In 2022, the amount of vacuum flasks and vessels exported in Africa soared to X units, with an increase of X% on 2021 figures. Over the period under review, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, vacuum flask and vessel exports expanded markedly to $X in 2022. The total export 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. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Rwanda represented the key exporting country with an export of about X units, which accounted for X% of total exports. Angola (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by South Africa (X%) and Kenya (X%). Morocco (X units), Cote d'Ivoire (X units) and Ghana (X units) held a relatively small share of total exports.

Exports from Rwanda increased at an average annual rate of X% from 2012 to 2022. At the same time, Morocco (X%), Angola (X%), Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. South Africa experienced a relatively flat trend pattern. By contrast, Kenya (X%) illustrated a downward trend over the same period. While the share of Rwanda (X p.p.), Angola (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kenya (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest vacuum flask and vessel supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Rwanda ($X), with an X% share of total exports. It was followed by Ghana, with a X% share.

In South Africa, vacuum flask and vessel exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Rwanda (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices failed to regain momentum.

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

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

Imports of Vacuum Flasks and Vessels

Imports in Africa

Vacuum flask and vessel imports reduced to X units in 2022, falling by X% against the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, vacuum flask and vessel imports declined to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

Nigeria represented the key importing country with an import of around X units, which reached X% of total imports. Angola (X units) ranks second in terms of the total imports with a X% share, followed by Senegal (X%), Kenya (X%), Algeria (X%), Rwanda (X%) and Sudan (X%). Somalia (X units), Tanzania (X units), Ghana (X units), Democratic Republic of the Congo (X units), South Africa (X units) and Cameroon (X units) held a relatively small share of total imports.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Rwanda (X%), Somalia (X%), Cameroon (X%), Democratic Republic of the Congo (X%), Sudan (X%), Angola (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Tanzania (X%), Ghana (X%), Kenya (X%) and Algeria (X%) illustrated a downward trend over the same period. Senegal (X p.p.), Democratic Republic of the Congo (X p.p.), Rwanda (X p.p.), Somalia (X p.p.) and Sudan (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria, Algeria and Kenya saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vacuum flask and vessel importing markets in Africa were Nigeria ($X), Algeria ($X) and South Africa ($X), together comprising X% of total imports. Ghana, Sudan, Kenya, Somalia, Tanzania, Angola, Rwanda, Cameroon, Senegal and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Rwanda, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 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 South Africa ($X per unit), while Senegal ($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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