South Africa: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in South Africa

In 2022, after two years of growth, there was significant decline in the South African combined refrigerator-freezer market, when its value decreased by X% to $X. In general, consumption saw a abrupt decrease. Combined refrigerator-freezer consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Combined Refrigerator-Freezer Exports

Exports from South Africa

In 2022, shipments abroad of combined refrigerators-freezers decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a pronounced increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, combined refrigerator-freezer exports reduced rapidly to $X in 2022. Overall, total exports indicated slight 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. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

Mozambique (X units), Lesotho (X units) and Zambia (X units) were the main destinations of combined refrigerator-freezer exports from South Africa, with a combined X% share of total exports. Swaziland, Namibia, Malawi and Botswana lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Malawi (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X), Lesotho ($X) and Zambia ($X) were the largest markets for combined refrigerator-freezer exported from South Africa worldwide, with a combined X% share of total exports. Namibia, Swaziland, Botswana and Malawi lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Malawi, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average combined refrigerator-freezer export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($X per unit), while the average price for exports to Malawi ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (X%), while the prices for the other major destinations experienced a decline.

Combined Refrigerator-Freezer Imports

Imports into South Africa

After two years of growth, supplies from abroad of combined refrigerators-freezers decreased by X% to X units in 2022. In general, imports showed a mild setback. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, combined refrigerator-freezer imports shrank rapidly to $X in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of combined refrigerator-freezer to South Africa, accounting for a X% share of total imports. Moreover, combined refrigerator-freezer imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), sixfold. The third position in this ranking was held by Thailand (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of combined refrigerators-freezers to South Africa, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average combined refrigerator-freezer import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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