Price for Non-Furniture Refrigerating or Freezing Equipment in Tanzania - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Tanzania (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Tanzania (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Tanzania
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Tanzania
Price for Non-Furniture Refrigerating or Freezing Equipment in Tanzania (CIF) - 2022
In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $70 per unit, with an increase of 15% against the previous year. Overall, the import price, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2015 when the average import price increased by 63% against the previous year. Over the period under review, average import prices reached the maximum at $126 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
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 Italy ($343 per unit), while the price for Australia ($7.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+68.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Tanzania (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $22 per unit in 2022, dropping by -20.6% against the previous year. In general, the export price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2018 an increase of 2,219% against the previous year. As a result, the export price reached the peak level of $342 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($45 per unit), while the average price for exports to Brazil ($8.6 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 Uganda (+0.7%), while the prices for the other major destinations experienced a decline.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Tanzania
In 2022, overseas purchases of non-furniture refrigerating or freezing equipment decreased by -11% to 53K units, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 13%. As a result, imports reached the peak of 86K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, non-furniture refrigerating or freezing equipment imports amounted to $3.8M in 2022. Over the period under review, imports continue to indicate a precipitous setback. Imports peaked at $9.6M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,558 | 4,238 | 1,549 | 1,584 | 0.6% |
| Germany | 32.3 | 779 | 44.3 | 479 | 145.7% |
| Italy | 786 | 133 | 299 | 396 | -20.4% |
| India | 347 | 323 | 425 | 221 | -14.0% |
| United Arab Emirates | 151 | 134 | 421 | 177 | 5.4% |
| Thailand | 6.7 | 52.6 | 82.6 | 131 | 169.4% |
| Turkey | 16.7 | 409 | 101 | 93.9 | 77.8% |
| France | 1.8 | 34.0 | 0.9 | 85.1 | 261.6% |
| Hong Kong SAR | 1.3 | 0.8 | 113 | 40.3 | 214.1% |
| Australia | 0.3 | 0.3 | 0.6 | 34.5 | 386.3% |
| United Kingdom | 61.3 | 18.2 | 12.9 | 17.1 | -34.7% |
| Norway | 6,399 | N/A | N/A | N/A | 0% |
| Others | 260 | 381 | 626 | 491 | 23.6% |
| Total | 9,620 | 6,504 | 3,676 | 3,751 | -26.9% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Tanzania in 2022:
- China (29.1K units)
- Australia (4.3K units)
- India (4.0K units)
- United Arab Emirates (2.6K units)
- Germany (1.8K units)
- Thailand (1.7K units)
- Turkey (1.3K units)
- Hong Kong SAR (1.3K units)
- Italy (1.2K units)
- France (1.0K units)
- United Kingdom (0.9K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Tanzania
In 2022, shipments abroad of non-furniture refrigerating or freezing equipment decreased by -76.7% to 265 units, falling for the second year in a row after two years of growth. Over the period under review, exports saw a sharp contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 114%. As a result, the exports attained the peak of 1.3K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, non-furniture refrigerating or freezing equipment exports declined remarkably to $5.8K in 2022. In general, exports saw a sharp slump. The most prominent rate of growth was recorded in 2020 when exports increased by 162% against the previous year. As a result, the exports attained the peak of $40K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | N/A | 12.5 | 3.5 | -72.0% |
| Kenya | N/A | 32.4 | 0.1 | 1.1 | -81.6% |
| Uganda | 5.9 | 5.7 | 3.3 | 0.6 | -53.3% |
| United Kingdom | N/A | N/A | N/A | 0.2 | 0% |
| Brazil | N/A | N/A | N/A | 0.1 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 0.1 | 0% |
| Burundi | 5.9 | 1.7 | 0.1 | N/A | -87.0% |
| Namibia | 0.1 | N/A | 0.2 | N/A | 41.4% |
| Australia | 0.1 | N/A | 0.3 | N/A | 73.2% |
| Others | 3.4 | 0.3 | 15.1 | 0.3 | -55.5% |
| Total | 15.3 | 40.0 | 31.6 | 5.8 | -27.6% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Tanzania in 2022:
- Democratic Republic of the Congo (149.0 units)
- Uganda (51.0 units)
- Kenya (48.0 units)
- Brazil (7.0 units)
- United Arab Emirates (4.0 units)
- United Kingdom (4.0 units)
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