Africa: Resistor Market 2024

Resistor Market Size in Africa

In 2022, the African resistor market decreased by X% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, showed prominent growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Resistor Production in Africa

In value terms, resistor production reached $X in 2022 estimated in export price. In general, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Resistor Exports

Exports in Africa

In 2022, the amount of electrical resistors (except heating resistors) exported in Africa dropped dramatically to X units, falling by X% on the previous year. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, resistor exports shrank sharply to $X in 2022. Over the period under review, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

Tunisia represented the major exporter of electrical resistors (except heating resistors) in Africa, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by South Africa (X units), mixing up a X% share of total exports. The following exporters - Gabon (X units) and Angola (X units) - together made up X% of total exports.

Exports from Tunisia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Gabon (X%), Angola (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Gabon emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Tunisia (X p.p.), South Africa (X p.p.), Gabon (X p.p.) and Angola (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest resistor supplying countries in Africa were Tunisia ($X), South Africa ($X) and Gabon ($X), together comprising X% of total exports.

In terms of the main exporting countries, Gabon, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per thousand units, falling by X% against the previous year. Over the period under review, the export price, however, showed a moderate increase. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per thousand units in 2021, and then declined sharply in the following year.

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 ($X per thousand units), while Angola ($X per thousand units) was amongst the lowest.

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

Resistor Imports

Imports in Africa

Resistor imports declined to X units in 2022, dropping by X% on the previous year. Overall, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. The volume of import peaked at X units in 2021, and then reduced in the following year.

In value terms, resistor imports reduced rapidly to $X in 2022. In general, imports, however, saw temperate growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

South Africa was the key importer of electrical resistors (except heating resistors) in Africa, with the volume of imports accounting for X units, which was near X% of total imports in 2022. It was distantly followed by Tunisia (X units), constituting a X% share of total imports. Morocco (X units) took a little share of total imports.

South Africa was also the fastest-growing in terms of the electrical resistors (except heating resistors) imports, with a CAGR of X% from 2012 to 2022. At the same time, Morocco (X%) and Tunisia (X%) displayed positive paces of growth. While the share of South Africa (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tunisia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest resistor importing markets in Africa were Tunisia ($X), South Africa ($X) and Morocco ($X), together accounting for X% of total imports.

In terms of the main importing countries, Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per thousand units, with a decrease of X% against the previous year. Overall, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of import peaked at $X per thousand units in 2015; however, from 2016 to 2022, import prices remained at a 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 Morocco ($X per thousand units), while South Africa ($X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform