Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa - 2024
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa (CIF) - 2024
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa (CIF) - 2024
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $15.9 per unit in January 2024, standing approximately at the previous month. Over the period under review, the import price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in November 2023 an increase of 73% against the previous month. The import price peaked at $25.5 per unit in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Italy ($67.2 per unit), while the price for China ($10.2 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa (FOB) - 2022
In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $21 per unit, increasing by 6.2% against the previous year. Over the period under review, the export price, however, recorded a mild slump. The pace of growth was the most pronounced in 2021 an increase of 28%. The export price peaked at $24 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($32 per unit), while the average price for exports to Lesotho ($6.9 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 Zambia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa
In 2022, approx. 2.1M units of refrigerating or freezing equipment; parts thereof, other than furniture were imported into South Africa; reducing by -11.2% compared with 2021 figures. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 2.7%. Over the period under review, imports of reached the maximum at 2.6M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture totaled $44M in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 16.2 | 14.8 | 18.3 | 22.8 | 12.1% |
Turkey | 3.9 | 3.0 | 3.7 | 3.7 | -1.7% |
Poland | 2.6 | 1.9 | 2.5 | 1.5 | -16.8% |
India | 0.6 | 0.5 | 1.5 | 1.2 | 26.0% |
Others | 16.2 | 10.1 | 14.2 | 14.7 | -3.2% |
Total | 39.5 | 30.4 | 40.2 | 43.9 | 3.6% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to South Africa in 2022:
- China (1558.1K units)
- Turkey (174.2K units)
- Poland (116.8K units)
- India (60.9K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa
Exports of refrigerating or freezing equipment; parts thereof, other than furniture from South Africa dropped to 736K units in 2022, declining by -13.2% against the previous year. Overall, exports recorded a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, the exports reached the peak of 849K units, and then declined in the following year.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture declined to $15M in 2022. In general, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. The exports peaked at $17M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Namibia | 3.7 | 2.1 | 2.8 | 2.9 | -7.8% |
Zimbabwe | 1.1 | 0.9 | 1.3 | 2.2 | 26.0% |
Botswana | 1.9 | 2.2 | 4.3 | 2.2 | 5.0% |
Zambia | 2.3 | 1.1 | 1.4 | 1.7 | -9.6% |
Swaziland | 1.2 | 0.7 | 1.1 | 1.5 | 7.7% |
Mozambique | 1.2 | 0.5 | 0.8 | 1.1 | -2.9% |
Lesotho | 0.5 | 0.2 | 0.4 | 0.2 | -26.3% |
Others | 4.9 | 3.1 | 4.7 | 3.7 | -8.9% |
Total | 16.8 | 10.8 | 16.8 | 15.5 | -2.6% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from South Africa in 2022:
- Botswana (218.9K units)
- Zimbabwe (108.6K units)
- Namibia (106.6K units)
- Swaziland (58.8K units)
- Zambia (52.7K units)
- Mozambique (46.5K units)
- Lesotho (35.0K units)
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