Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Kenya - 2022
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Kenya (CIF) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Kenya (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Kenya
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Kenya
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Kenya (CIF) - 2022
In 2022, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $23 per unit, reducing by -13.7% against the previous year. Over the period under review, the import price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs at $33 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($53 per unit), while the price for Egypt ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.7%), while the prices for the other major suppliers experienced a decline.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Kenya (FOB) - 2022
In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $35 per unit, growing by 26% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 56%. Over the period under review, the average export prices reached the peak figure at $53 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malawi ($124 per unit), while the average price for exports to South Africa ($15 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 Ethiopia (+23.7%), 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 Kenya
In 2022, imports of refrigerating or freezing equipment; parts thereof, other than furniture into Kenya dropped to 131K units, with a decrease of -4.8% against 2021. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. As a result, imports attained the peak of 137K units, and then fell in the following year.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture shrank remarkably to $3M in 2022. Over the period under review, imports showed a slight contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. As a result, imports attained the peak of $3.6M, and then declined sharply in the following year.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 648 | 923 | 679 | 816 | 8.0% |
| Germany | 276 | 189 | 456 | 629 | 31.6% |
| United Arab Emirates | 143 | 201 | 49.4 | 470 | 48.7% |
| Italy | 84.3 | 48.0 | 88.7 | 310 | 54.4% |
| Turkey | 233 | 106 | 442 | 262 | 4.0% |
| South Africa | 534 | 219 | 630 | 56.4 | -52.7% |
| Thailand | 135 | 166 | 130 | 46.4 | -30.0% |
| Egypt | 0.1 | 4.7 | 9.7 | 22.1 | 504.6% |
| Vietnam | 309 | 336 | 365 | N/A | 8.7% |
| Others | 728 | 479 | 770 | 360 | -20.9% |
| Total | 3,092 | 2,671 | 3,619 | 2,971 | -1.3% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Kenya in 2022:
- China (49.6K units)
- United Arab Emirates (39.7K units)
- Germany (11.9K units)
- Turkey (9.3K units)
- Italy (6.9K units)
- Egypt (2.0K units)
- Thailand (1.6K units)
- South Africa (1.1K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Kenya
In 2022, shipments abroad of refrigerating or freezing equipment; parts thereof, other than furniture decreased by -72.2% to 1.1K units, falling for the second year in a row after two years of growth. Over the period under review, exports faced a precipitous descent. The pace of growth was the most pronounced in 2020 when exports increased by 91%. As a result, the exports reached the peak of 4.2K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture declined markedly to $40K in 2022. Overall, exports showed a sharp reduction. The growth pace was the most rapid in 2020 when exports increased by 122%. As a result, the exports attained the peak of $206K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 26.5 | 36.7 | 33.6 | 11.7 | -23.9% |
| Uganda | 14.4 | 20.3 | 1.7 | 11.2 | -8.0% |
| South Sudan | 0.3 | 0.1 | 0.6 | 10.0 | 221.8% |
| Malawi | N/A | N/A | N/A | 3.3 | 0% |
| Somalia | 3.4 | 11.0 | 3.0 | 2.8 | -6.3% |
| South Africa | N/A | N/A | 0.2 | 0.3 | 50.0% |
| Mozambique | 3.8 | 10.4 | 4.4 | N/A | 7.6% |
| Democratic Republic of the Congo | 0.5 | 3.3 | 7.5 | N/A | 287.3% |
| United States | 6.2 | 13.8 | 4.7 | N/A | -12.9% |
| India | 13.0 | 37.9 | 17.1 | N/A | 14.7% |
| Ethiopia | 14.3 | 26.8 | 7.7 | N/A | -26.6% |
| Others | 10.2 | 45.5 | 33.0 | 0.5 | -63.4% |
| Total | 92.6 | 206 | 113 | 39.9 | -24.5% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Kenya in 2022:
- Tanzania (446.0 units)
- South Sudan (302.0 units)
- Uganda (259.0 units)
- Somalia (64.0 units)
- Malawi (27.0 units)
- South Africa (17.0 units)
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