SADC: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in SADC

The SADC combined refrigerator-freezer market declined markedly to $X in 2022, waning by X% against the previous year. In general, consumption showed a perceptible curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Combined Refrigerator-Freezer Production in SADC

In value terms, combined refrigerator-freezer production dropped to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Combined Refrigerator-Freezer Exports

Exports in SADC

In 2022, overseas shipments of combined refrigerators-freezers decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, recorded tangible growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, combined refrigerator-freezer exports contracted significantly to $X in 2022. Total exports indicated a mild increase 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 pace of growth was the most pronounced 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 declined dramatically in the following year.

Exports by Country

South Africa prevails in exports structure, amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Swaziland (X units), creating an X% share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Swaziland (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest combined refrigerator-freezer supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Swaziland ($X), with a X% share of total exports.

In South Africa, combined refrigerator-freezer exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in SADC 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 noticeable contraction. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Swaziland amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Combined Refrigerator-Freezer Imports

Imports in SADC

In 2022, overseas purchases of combined refrigerators-freezers decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then declined notably in the following year.

In value terms, combined refrigerator-freezer imports shrank remarkably to $X in 2022. Overall, imports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Africa represented the main importer of combined refrigerators-freezers in SADC, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Mozambique (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Angola (X%), Swaziland (X%) and Mauritius (X%). Madagascar (X units) and Tanzania (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to combined refrigerator-freezer imports into South Africa stood at X%. At the same time, Madagascar (X%), Mozambique (X%), Swaziland (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Mauritius experienced a relatively flat trend pattern. By contrast, Angola (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mozambique, Madagascar and Swaziland 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, South Africa ($X) constitutes the largest market for imported combined refrigerators-freezers in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with a X% share of total imports. It was followed by Mauritius, with a X% share.

In South Africa, combined refrigerator-freezer imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Mauritius (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 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 Mauritius ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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