SADC: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in SADC

The SADC electric heating resistor market dropped significantly to $X in 2022, shrinking by X% against the previous year. The market value 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. As a result, consumption attained the peak level of $X, and then shrank notably in the following year.

Electric Heating Resistor Production in SADC

In value terms, electric heating resistor production contracted remarkably to $X in 2022 estimated in export price. In general, production recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Electric Heating Resistor Exports

Exports in SADC

In 2022, overseas shipments of electric heating resistors were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric heating resistor exports expanded markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Namibia was the major exporting country with an export of about X units, which recorded X% of total exports. It was distantly followed by Angola (X units), South Africa (X units) and Swaziland (X units), together committing a X% share of total exports. The following exporters - Mozambique (X units) and Lesotho (X units) - each resulted at a X% share of total exports.

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

In value terms, South Africa ($X) remains the largest electric heating resistor supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (X% per year) and Angola (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, declining by X% against the previous year. Overall, the export price, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2017; however, from 2018 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 unit), while Mozambique (less than $X per unit) 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 mixed trends in the export price figures.

Electric Heating Resistor Imports

Imports in SADC

Electric heating resistor imports declined rapidly to X units in 2022, which is down by X% compared with the year before. In general, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, electric heating resistor imports fell remarkably to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2022, South Africa (X units) represented the largest importer of electric heating resistors, making up X% of total imports. Angola (X units) took the second position in the ranking, distantly followed by Democratic Republic of the Congo (X units) and Zambia (X units). All these countries together held near X% share of total imports. The following importers - Lesotho (X units) and Namibia (X units) - each accounted for a X% share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of electric heating resistors. At the same time, Democratic Republic of the Congo (X%) and Angola (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Lesotho experienced a relatively flat trend pattern. By contrast, Zambia (X%) and Namibia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Angola and Democratic Republic of the Congo 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 ($X) constitutes the largest market for imported electric heating resistors in SADC, comprising X% of total imports. The second position in the ranking was held by Namibia ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Namibia (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price, however, saw a tangible expansion. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Namibia ($X per unit), while Angola (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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