Ethiopia - Furniture Designed To Receive Refrigerating Or Freezing Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefrigerator or Freezer Price in Ethiopia - 2022
Contents:
- Refrigerator or Freezer Price in Ethiopia (CIF) - 2022
- Refrigerator or Freezer Price in Ethiopia (FOB) - 2022
- Refrigerator or Freezer Imports in Ethiopia
- Refrigerator or Freezer Exports in Ethiopia
Refrigerator or Freezer Price in Ethiopia (CIF) - 2022
In 2022, the average refrigerator or freezer import price amounted to $2.5 per unit, growing by 18% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2019 when the average import price increased by 74%. The import price peaked at $4.1 per unit in 2012; however, from 2013 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 the United States ($10 per unit), while the price for China ($1.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Refrigerator or Freezer Price in Ethiopia (FOB) - 2022
In 2021, the average refrigerator or freezer export price amounted to $1 per unit, remaining constant against the previous year. Over the period under review, the export price faced a abrupt contraction. The pace of growth was the most pronounced in 2019 when the average export price decreased by -5.3%. The export price peaked at $2.5 per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Kenya ($1.7 per unit), while the average price for exports to the United States amounted to $0.9 per unit.
From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (-20.0%).
Refrigerator or Freezer Imports in Ethiopia
In 2022, imports of furniture designed to receive refrigerating or freezing equipment into Ethiopia soared to 70K units, increasing by 58% against the year before. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 68%. As a result, imports reached the peak of 229K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, refrigerator or freezer imports soared to $178K in 2022. Over the period under review, imports, however, recorded a abrupt contraction. Imports peaked at $512K in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
Import of Refrigerator or Freezer in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 224 | 427 | 82.7 | 79.3 | -29.3% |
Thailand | 1.3 | 5.5 | 1.9 | 64.8 | 268.0% |
United States | N/A | N/A | N/A | 13.5 | 0% |
Italy | 10.4 | 6.4 | 1.7 | 9.0 | -4.7% |
South Africa | 17.9 | 66.2 | 6.3 | 4.0 | -39.3% |
Turkey | 1.0 | 1.1 | N/A | 3.2 | 47.4% |
Others | 25.4 | 6.6 | 2.9 | 4.5 | -43.8% |
Total | 280 | 512 | 95.6 | 178 | -14.0% |
Top Suppliers of Refrigerator or Freezer to Ethiopia in 2022:
- China (40.9K units)
- Thailand (23.9K units)
- Italy (1.5K units)
- Turkey (1.3K units)
- United States (1.3K units)
- South Africa (0.7K units)
Refrigerator or Freezer Exports in Ethiopia
In 2021, the amount of furniture designed to receive refrigerating or freezing equipment exported from Ethiopia amounted to 269 units, therefore, remained relatively stable against the year before. Overall, exports enjoyed significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to see steady growth in years to come.
In value terms, refrigerator or freezer exports stood at $262 in 2021. Over the period under review, exports showed a pronounced descent. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs at $279 in 2019; however, from 2020 to 2021, the exports failed to regain momentum.
Export of Refrigerator or Freezer in Ethiopia (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
United States | N/A | N/A | 215 | 0% | |
Kenya | N/A | N/A | 47.0 | 0% | |
Cote d'Ivoire | 113 | N/A | N/A | 0% | |
Madagascar | 155 | N/A | N/A | 0% | |
Others | 11.0 | N/A | N/A | 0% | |
Total | 279 | N/A | 262 | -3.1% |
Top Export Markets for Refrigerator or Freezer from Ethiopia in 2022:
- United States (241.0 units)
- Kenya (28.0 units)
This report provides an in-depth analysis of the refrigerator or freezer market in Ethiopia. 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 28253030 - Furniture designed to receive refrigerating or freezing equipment (including evaporators, complete refrigerating units)
Country coverage:
- Ethiopia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ethiopia
- 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
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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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