Kenya: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in Kenya

In 2022, the Kenyan combined refrigerator-freezer market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption saw a mild slump. Combined refrigerator-freezer consumption peaked at $X in 2021, and then shrank markedly in the following year.

Combined Refrigerator-Freezer Exports

Exports from Kenya

For the fifth year in a row, Kenya recorded growth in shipments abroad of combined refrigerators-freezers, which increased by X% to X units in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, combined refrigerator-freezer exports declined dramatically to $X in 2022. Overall, exports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

South Sudan (X units) was the main destination for combined refrigerator-freezer exports from Kenya, with a X% share of total exports. It was followed by Rwanda (X units), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Sudan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and Tanzania (X% per year).

In value terms, Rwanda ($X) emerged as the key foreign market for combined refrigerators-freezers exports from Kenya, comprising X% of total exports. The second position in the ranking was held by South Sudan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Rwanda stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Sudan (X% per year) and Tanzania (X% per year).

Export Prices by Country

The average combined refrigerator-freezer export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a precipitous curtailment. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per unit), while the average price for exports to South Sudan ($X 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 Rwanda (X%), while the prices for the other major destinations experienced a decline.

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Combined Refrigerator-Freezer Imports

Imports into Kenya

In 2022, supplies from abroad of combined refrigerators-freezers decreased by X% to X units, falling for the second consecutive year after three years of growth. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, combined refrigerator-freezer imports shrank dramatically to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest combined refrigerator-freezer supplier to Kenya, with a X% share of total imports. Moreover, combined refrigerator-freezer imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), more than tenfold. Indonesia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of combined refrigerators-freezers to Kenya, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by Indonesia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average combined refrigerator-freezer import price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a slight decrease. The import price peaked at $X 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 Indonesia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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