South Africa: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in South Africa

The South African refrigerator and freezer market contracted to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a slight curtailment. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Refrigerator And Freezer Production in South Africa

In value terms, refrigerator and freezer production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Refrigerator And Freezer Exports

Exports from South Africa

Refrigerator and freezer exports from South Africa amounted to X units in 2022, rising by X% compared with 2021 figures. The total export volume 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 most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, refrigerator and freezer exports rose rapidly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Zambia (X units), Zimbabwe (X units) and Botswana (X units) were the main destinations of refrigerator and freezer exports from South Africa, together accounting for X% of total exports.

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

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

In terms of the main countries of destination, Zimbabwe, with a CAGR of X%, recorded 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

The average refrigerator and freezer export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, continues to indicate a pronounced descent. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per unit), while the average price for exports to Zimbabwe ($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 Mozambique (X%), while the prices for the other major destinations experienced a decline.

Refrigerator And Freezer Imports

Imports into South Africa

In 2022, after two years of growth, there was significant decline in supplies from abroad of refrigerators and freezers, when their volume decreased by X% to X units. Overall, imports recorded a mild decline. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then shrank notably in the following year.

In value terms, refrigerator and freezer imports declined dramatically to $X in 2022. Over the period under review, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of refrigerator and freezer to South Africa, accounting for a X% share of total imports. Moreover, refrigerator and freezer imports from China exceeded the figures recorded by the second-largest supplier, Swaziland (X units), eightfold. Turkey (X units) ranked third in terms of total imports with a X% share.

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

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

From 2012 to 2022, the average annual growth rate 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 Swaziland (X% per year).

Import Prices by Country

The average refrigerator and freezer import price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. 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 ($X per unit), while the price for Swaziland ($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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