Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in South Africa - 2024
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in South Africa (CIF) - 2022
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in South Africa (FOB) - 2022
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in South Africa
- Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in South Africa
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in South Africa (CIF) - 2022
In 2022, the average import price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $1,435 per unit, falling by -27.5% against the previous year. Overall, the import price, however, posted a measured increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 371%. Over the period under review, average import prices reached the peak figure at $3,110 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($9,056 per unit), while the price for the United States ($581 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in South Africa (FOB) - 2022
In 2022, the average export price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $2,219 per unit, with a decrease of -87.6% against the previous year. Over the period under review, the export price saw a noticeable reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 427%. As a result, the export price attained the peak level of $17,852 per unit, and then plummeted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($9,635 per unit), while the average price for exports to Lesotho ($232 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 Kazakhstan (+140.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in South Africa
In 2022, purchases abroad of furnaces and ovens; industrial or laboratory induction or dielectrics decreased by -13.4% to 1.3K units, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 1.9% against the previous year. As a result, imports reached the peak of 2.6K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics declined notably to $1.5M in 2022. In general, imports recorded a dramatic shrinkage. The smallest decline of -9.1% was in 2021. Over the period under review, imports of attained the peak figure at $4.3M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 387 | 103 | 823 | 543 | 12.0% |
| China | 398 | 595 | 322 | 323 | -6.7% |
| United States | 138 | 812 | 242 | 290 | 28.1% |
| India | 3,060 | 146 | 185 | 226 | -58.0% |
| United Kingdom | 0.9 | 31.8 | 11.1 | 56.8 | 298.1% |
| Turkey | 17.7 | 747 | 7.5 | 24.9 | 12.0% |
| South Korea | 119 | N/A | N/A | N/A | 0% |
| Japan | N/A | N/A | 841 | N/A | 0% |
| Others | 224 | 342 | 91.8 | 85.8 | -27.4% |
| Total | 4,344 | 2,777 | 2,523 | 1,550 | -29.1% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to South Africa in 2022:
- China (544.0 units)
- United States (500.0 units)
- Germany (206.0 units)
- United Kingdom (38.0 units)
- India (25.0 units)
- Turkey (5.0 units)
Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in South Africa
In 2022, overseas shipments of furnaces and ovens; industrial or laboratory induction or dielectrics were finally on the rise to reach 108 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a deep slump. Over the period under review, the exports of hit record highs at 185 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics contracted sharply to $186K in 2022. Overall, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 254% against the previous year. As a result, the exports reached the peak of $1M, and then dropped rapidly in the following year.
| Export of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 4.6 | N/A | 96.4 | 357.8% |
| Zambia | 39.9 | 3.2 | 2.5 | 31.5 | -7.6% |
| Zimbabwe | N/A | N/A | 13.3 | 29.1 | 118.8% |
| Kenya | 8.4 | 2.6 | 0.7 | 5.0 | -15.9% |
| Ghana | 4.6 | 1.8 | 0.7 | 4.4 | -1.5% |
| Nigeria | 12.5 | 9.5 | 1.1 | 3.6 | -34.0% |
| Democratic Republic of the Congo | 47.8 | 47.6 | N/A | 3.4 | -58.6% |
| Mauritius | 4.2 | 3.0 | N/A | 2.2 | -19.4% |
| Malawi | 38.8 | 1.7 | N/A | 1.7 | -64.7% |
| Lesotho | N/A | N/A | 0.7 | 1.6 | 128.6% |
| Tanzania | 0.8 | 167 | N/A | 0.7 | -4.4% |
| Germany | N/A | 6.6 | 39.9 | N/A | 504.5% |
| Australia | 82.2 | N/A | N/A | N/A | 0% |
| Others | 55.6 | 40.1 | 959 | 6.9 | -50.1% |
| Total | 295 | 288 | 1,018 | 186 | -14.3% |
Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from South Africa in 2022:
- Zambia (54.0 units)
- Zimbabwe (14.0 units)
- United Arab Emirates (10.0 units)
- Lesotho (7.0 units)
- Mauritius (4.0 units)
- Nigeria (4.0 units)
- Ghana (3.0 units)
- Kenya (3.0 units)
- Tanzania (1.0 units)
- Malawi (1.0 units)
- Democratic Republic of the Congo (1.0 units)
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