Kenya - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRefrigerator and Freezer Price in Kenya - 2021
Contents:
- Refrigerator and Freezer Price in Kenya (CIF) - 2022
- Refrigerator and Freezer Price in Kenya (FOB) - 2022
- Refrigerator and Freezer Imports in Kenya
- Refrigerator and Freezer Exports in Kenya
Refrigerator and Freezer Price in Kenya (CIF) - 2022
The average refrigerator and freezer import price stood at $211 per unit in 2022, with an increase of 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($463 per unit), while the price for China ($176 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Refrigerator and Freezer Price in Kenya (FOB) - 2022
The average refrigerator and freezer export price stood at $49 per unit in 2022, waning by -75.2% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 29% against the previous year. Over the period under review, the average export prices attained the maximum at $328 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($195 per unit), while the average price for exports to South Sudan ($8.2 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 Democratic Republic of the Congo (+22.1%), while the prices for the other major destinations experienced a decline.
Refrigerator and Freezer Imports in Kenya
After three years of growth, supplies from abroad of refrigerators and freezers decreased by -39.4% to 133K units in 2022. Overall, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 57% against the previous year. Imports peaked at 220K units in 2021, and then reduced sharply in the following year.
In value terms, refrigerator and freezer imports shrank significantly to $28M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 52%. Imports peaked at $40M in 2021, and then declined notably in the following year.
Import of Refrigerator and Freezer in Kenya (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 10.6 | 18.8 | 22.6 | 18.4 | 20.2% |
India | 4.8 | 6.0 | 4.7 | 3.2 | -12.6% |
Indonesia | 0.4 | 1.5 | 2.2 | 1.7 | 62.0% |
Thailand | 3.4 | 3.9 | 2.4 | 1.4 | -25.6% |
Belgium | N/A | N/A | N/A | 0.9 | 0% |
Vietnam | 0.8 | 1.3 | 1.3 | 0.8 | 0.0% |
Others | 2.3 | 2.6 | 6.4 | 1.7 | -9.6% |
Total | 22.4 | 34.0 | 39.6 | 28.1 | 7.8% |
Top Suppliers of Refrigerator and Freezer to Kenya in 2022:
- China (104.5K units)
- India (10.8K units)
- Indonesia (4.7K units)
- Belgium (3.1K units)
- Thailand (3.0K units)
- Vietnam (2.5K units)
Refrigerator and Freezer Exports in Kenya
In 2022, refrigerator and freezer exports from Kenya soared to 5.1K units, rising by 267% against 2021 figures. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, refrigerator and freezer exports declined to $249K in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $273K, and then declined in the following year.
Export of Refrigerator and Freezer in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Rwanda | 28.2 | 102 | 90.7 | 171 | 82.4% |
South Sudan | 2.1 | 8.3 | 20.0 | 29.2 | 140.5% |
Burundi | 6.5 | 9.4 | 6.0 | 10.9 | 18.8% |
Democratic Republic of the Congo | 32.6 | 19.8 | 19.5 | 9.6 | -33.5% |
Tanzania | 42.1 | 11.5 | 4.0 | 7.5 | -43.7% |
Malawi | 2.4 | 4.1 | 28.0 | 1.9 | -7.5% |
Others | 66.8 | 51.2 | 105 | 19.3 | -33.9% |
Total | 181 | 206 | 273 | 249 | 11.2% |
Top Export Markets for Refrigerator and Freezer from Kenya in 2022:
- South Sudan (3564.0 units)
- Rwanda (875.0 units)
- Burundi (371.0 units)
- Tanzania (71.0 units)
- Democratic Republic of the Congo (67.0 units)
- Malawi (15.0 units)
This report provides an in-depth analysis of the refrigerator and freezer market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27511110 - Combined refrigerators-freezers, with separate external doors
- Prodcom 27511133 - Household-type refrigerators (including compression-type, e lectrical absorption-type) (excluding built-in)
- Prodcom 27511135 - Compression-type built-in refrigerators
- Prodcom 27511150 - Chest freezers of a capacity . .800 litres
- Prodcom 27511170 - Upright freezers of a capacity . .900 litres
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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