Africa: Vapour Power Unit Market 2024

Vapour Power Unit Market Size in Africa

The African vapour power unit market dropped rapidly to $X in 2022, waning by X% against the previous year. Overall, consumption, however, enjoyed a prominent increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Vapour Power Unit Production in Africa

In value terms, vapour power unit production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Vapour Power Unit Exports

Exports in Africa

In 2022, shipments abroad of condensers for steam or other vapour power units increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, vapour power unit exports surged to $X in 2022. In general, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Mauritius (X tons), creating a X% share of total exports. Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vapour power unit exports from South Africa stood at X%. At the same time, Mauritius (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Mauritius and Senegal increased by X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest vapour power unit supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Mauritius ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, which is down by X% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price 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, vapour power unit export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Vapour Power Unit Imports

Imports in Africa

In 2022, the amount of condensers for steam or other vapour power units imported in Africa declined notably to X tons, with a decrease of X% on the year before. Overall, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, vapour power unit imports dropped rapidly to $X in 2022. In general, imports, however, continue to indicate a pronounced expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria was the largest importer of condensers for steam or other vapour power units in Africa, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Kenya (X tons) held the second position in the ranking, distantly followed by Cote d'Ivoire (X tons). All these countries together held approx. X% share of total imports. Morocco (X tons) and Uganda (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vapour power unit imports into Nigeria stood at X%. At the same time, Cote d'Ivoire (X%), Kenya (X%) and Uganda (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Morocco (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Kenya and Cote d'Ivoire increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Kenya ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, showed a abrupt setback. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Uganda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform