Price for Non-Furniture Refrigerating or Freezing Equipment in Egypt - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Egypt (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Egypt (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Egypt
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Egypt
Price for Non-Furniture Refrigerating or Freezing Equipment in Egypt (CIF) - 2022
The average import price for non-furniture refrigerating or freezing equipment stood at $250 per unit in 2022, rising by 3.4% against the previous year. Over the period under review, the import price recorded modest growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 257%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($240 per unit) and China ($240 per unit), while the price for South Korea ($240 per unit) and Italy ($240 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Egypt (FOB) - 2022
In 2022, the average export price for non-furniture refrigerating or freezing equipment amounted to $254 per unit, shrinking by -5% against the previous year. In general, the export price, however, posted a tangible expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 303% against the previous year. The export price peaked at $268 per unit in 2021, and then shrank modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($244 per unit), while the average price for exports to Morocco ($26 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 Senegal (+335.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Egypt
In 2022, the amount of non-furniture refrigerating or freezing equipment imported into Egypt dropped markedly to 258K units, which is down by -18.4% against the previous year's figure. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 5% against the previous year. Over the period under review, imports reached the peak figure at 465K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, non-furniture refrigerating or freezing equipment imports shrank notably to $64M in 2022. Overall, imports faced a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 9.9% against the previous year. Imports peaked at $89M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 12.7 | 16.6 | 17.3 | 16.5 | 9.1% |
| Italy | 15.8 | 9.7 | 14.8 | 16.0 | 0.4% |
| China | 17.7 | 8.8 | 10.4 | 13.2 | -9.3% |
| Germany | 4.8 | 4.5 | 7.8 | 3.4 | -10.9% |
| South Korea | 6.2 | 4.6 | 2.6 | 2.8 | -23.3% |
| Turkey | 2.5 | 1.6 | 0.6 | 2.4 | -1.4% |
| United States | 10.5 | 8.7 | 4.6 | 2.4 | -38.9% |
| Mexico | 3.4 | 0.6 | 1.1 | 0.3 | -55.5% |
| Others | 15.4 | 14.3 | 17.1 | 7.4 | -21.7% |
| Total | 88.9 | 69.5 | 76.4 | 64.5 | -10.1% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Egypt in 2022:
- France (68.7K units)
- Italy (66.9K units)
- China (55.0K units)
- Germany (14.2K units)
- South Korea (11.7K units)
- Turkey (10.1K units)
- United States (10.0K units)
- Mexico (1.2K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Egypt
In 2022, the amount of non-furniture refrigerating or freezing equipment exported from Egypt surged to 15K units, picking up by 455% on the previous year's figure. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 732%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, non-furniture refrigerating or freezing equipment exports skyrocketed to $3.8M in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 739% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | 10.1 | 11.6 | 1,589 | 1154.3% |
| United Arab Emirates | 32.4 | 0.2 | 23.5 | 829 | 194.7% |
| Kuwait | N/A | N/A | N/A | 487 | 0% |
| Yemen | N/A | N/A | N/A | 410 | 0% |
| Morocco | N/A | N/A | N/A | 103 | 0% |
| Hungary | N/A | N/A | 246 | N/A | 0% |
| Djibouti | N/A | N/A | 25.7 | N/A | 0% |
| Others | 43.4 | 75.2 | 411 | 367 | 103.7% |
| Total | 75.7 | 85.5 | 718 | 3,786 | 268.4% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Egypt in 2022:
- United Arab Emirates (20.5K units)
- Saudi Arabia (6.5K units)
- Morocco (3.9K units)
- Kuwait (2.0K units)
- Yemen (1.7K units)
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