SADC: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in SADC

The SADC refrigerator and freezer market shrank to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a perceptible contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Refrigerator And Freezer Production in SADC

In value terms, refrigerator and freezer production declined to $X in 2022 estimated in export price. Overall, production showed a pronounced reduction. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Refrigerator And Freezer Exports

Exports in SADC

In 2022, shipments abroad of refrigerators and freezers increased by X% to X units, rising for the third year in a row after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, refrigerator and freezer exports totaled $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa was the largest exporter of refrigerators and freezers in SADC, with the volume of exports recording X units, which was near X% of total exports in 2022. It was distantly followed by Swaziland (X units), creating an X% share of total exports. Zimbabwe (X units) took a little share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Zimbabwe (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Swaziland and Zimbabwe increased by X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest refrigerator and freezer supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Swaziland ($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 was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Swaziland (X% per year) and Zimbabwe (X% per year).

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a pronounced contraction. The growth pace was the most rapid in 2018 an increase of X%. 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 remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Swaziland ($X per unit) was amongst the lowest.

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

Refrigerator And Freezer Imports

Imports in SADC

Refrigerator and freezer imports dropped to X units in 2022, waning by X% on the previous year's figure. In general, imports showed a pronounced decrease. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, refrigerator and freezer imports totaled $X in 2022. Over the period under review, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa represented the largest importer of refrigerators and freezers in SADC, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Angola (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mozambique (X%), Zambia (X%), Tanzania (X%) and Botswana (X%). Namibia (X units), Mauritius (X units), Madagascar (X units), Swaziland (X units), Democratic Republic of the Congo (X units) and Lesotho (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to refrigerator and freezer imports into South Africa stood at X%. At the same time, Madagascar (X%), Swaziland (X%), Tanzania (X%), Lesotho (X%) and Mauritius (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. Botswana experienced a relatively flat trend pattern. By contrast, Zambia (X%), Mozambique (X%), Namibia (X%), Angola (X%) and Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Tanzania (X p.p.), Democratic Republic of the Congo (X p.p.), Madagascar (X p.p.) and Botswana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mozambique (X p.p.) and Angola (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest refrigerator and freezer importing markets in SADC were South Africa ($X), Angola ($X) and Zambia ($X), together accounting for X% of total imports. Tanzania, Mauritius, Botswana, Namibia, Mozambique, Democratic Republic of the Congo, Madagascar, Lesotho and Swaziland lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Madagascar, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, saw a perceptible downturn. Over the period under review, import prices attained the peak figure 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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