In 2023, the import value of compression refrigeration equipment with heat exchange to South Africa stood at 12.33 million USD. The forecasted data from 2024 to 2028 indicates a decreasing trend in import values. Import value for 2024 is projected at 11.574 million USD, which represents a {2024-2023 variation} year-on-year decrease. By 2025, the value declines further to 10.861 million USD, followed by a continued downward trend to 10.162 million USD in 2026, 9.4778 million USD in 2027, and 8.8069 million USD in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 shows an average annual decrease in import value.
Future Trends to Watch:
- Potential shifts in local manufacturing capabilities or policies impacting import demand.
- Economic factors such as currency fluctuations that may affect import costs and demand.
- Technological advancements in refrigeration equipment that may alter import patterns.
- Environmental regulations influencing the types of refrigeration equipment imported.