South Africa: Microwave Oven Market 2024

Microwave Oven Market Size in South Africa

The South African microwave oven market contracted to $X in 2022, waning by X% against the previous year. In general, the total consumption indicated a perceptible expansion 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2021, and then declined in the following year.

Microwave Oven Production in South Africa

In value terms, microwave oven production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Microwave oven production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Microwave Oven Exports

Exports from South Africa

In 2022, shipments abroad of microwave ovens decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, microwave oven exports shrank to $X in 2022. Over the period under review, exports continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X units), Botswana (X units) and Lesotho (X units) were the main destinations of microwave oven exports from South Africa, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lesotho (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for microwave oven exported from South Africa were Botswana ($X), Namibia ($X) and Zambia ($X), together accounting for X% of total exports. Mozambique, Lesotho, Swaziland, Zimbabwe and Malawi lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Malawi, with a CAGR of X%, recorded the highest growth rate of 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

The average microwave oven export price stood at $X per unit in 2022, approximately equating the previous year. Over the period under review, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Lesotho ($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 Zimbabwe (X%), while the prices for the other major destinations experienced a decline.

Microwave Oven Imports

Imports into South Africa

After three years of growth, purchases abroad of microwave ovens decreased by X% to X units in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at X units in 2021, and then declined dramatically in the following year.

In value terms, microwave oven imports fell to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest microwave oven supplier to South Africa, accounting for a X% share of total imports. Moreover, microwave oven imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), eightfold.

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

In value terms, China ($X) constituted the largest supplier of microwave ovens to South Africa, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Turkey (X% per year).

Import Prices by Country

The average microwave oven import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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