Egypt: Refrigerator Or Freezer Market 2024

Refrigerator Or Freezer Market Size in Egypt

In 2022, the Egyptian refrigerator or freezer market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a abrupt decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Refrigerator Or Freezer Production in Egypt

In value terms, refrigerator or freezer production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight slump. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Refrigerator Or Freezer Exports

Exports from Egypt

After two years of growth, shipments abroad of furniture designed to receive refrigerating or freezing equipment decreased by X% to X units in 2022. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, refrigerator or freezer exports expanded remarkably to $X in 2022. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) was the main destination for refrigerator or freezer exports from Egypt, with a X% share of total exports. Moreover, refrigerator or freezer exports to Saudi Arabia exceeded the volume sent to the second major destination, Jordan (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%.

In value terms, the largest markets for refrigerator or freezer exported from Egypt were Jordan ($X) and Saudi Arabia ($X).

In terms of the main countries of destination, Jordan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average refrigerator or freezer export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a slight contraction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

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 Jordan ($X per unit), while the average price for exports to Saudi Arabia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced a decline.

Refrigerator Or Freezer Imports

Imports into Egypt

In 2022, the amount of furniture designed to receive refrigerating or freezing equipment imported into Egypt dropped dramatically to X units, waning by X% on the previous year. In general, imports showed a sharp contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, refrigerator or freezer imports fell sharply to $X in 2022. Over the period under review, imports showed a sharp descent. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X units), Turkey (X units) and Mexico (X units) were the main suppliers of refrigerator or freezer imports to Egypt, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refrigerator or freezer suppliers to Egypt were Thailand ($X), Turkey ($X) and Mexico ($X), with a combined X% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average refrigerator or freezer import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure 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 countries with the highest prices were the United States ($X per unit) and China ($X per unit), while the price for South Korea ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform