Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ethiopia - 2022
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ethiopia (CIF) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ethiopia (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ethiopia
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ethiopia
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ethiopia (CIF) - 2022
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $44 per unit in 2022, jumping by 36% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 40% 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 the immediate term.
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 South Africa ($65 per unit), while the price for Kenya ($5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+104.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ethiopia (FOB) - 2022
In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $11 per unit, standing approx. at the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 200%. The export price peaked at $74 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($205 per unit), while the average price for exports to Cameroon ($1.1 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 Germany (-9.1%), while the prices for the other major destinations experienced a decline.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ethiopia
In 2022, overseas purchases of refrigerating or freezing equipment; parts thereof, other than furniture decreased by -1.7% to 28K units, falling for the second year in a row after two years of growth. Over the period under review, imports showed a dramatic slump. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. As a result, imports reached the peak of 81K units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture soared to $1.2M in 2022. In general, imports faced a drastic downturn. Over the period under review, imports of reached the maximum at $2.7M in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,006 | 265 | 187 | 308 | -32.6% |
| South Africa | 4.2 | 4.3 | 1.0 | 204 | 264.9% |
| Italy | 172 | 956 | 21.9 | 194 | 4.1% |
| United States | 25.0 | 1.9 | 7.5 | 108 | 62.9% |
| Denmark | 6.5 | 30.8 | 1.9 | 85.9 | 136.4% |
| United Arab Emirates | 4.7 | 1.2 | 3.5 | 16.4 | 51.7% |
| Kenya | 0.5 | 0.2 | N/A | 7.2 | 143.3% |
| Thailand | 349 | 707 | 374 | 4.2 | -77.1% |
| Others | 595 | 767 | 323 | 301 | -20.3% |
| Total | 2,163 | 2,733 | 920 | 1,229 | -17.2% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Ethiopia in 2022:
- China (12.7K units)
- Italy (3.5K units)
- United States (3.3K units)
- South Africa (3.1K units)
- Denmark (1.5K units)
- Kenya (1.4K units)
- United Arab Emirates (0.7K units)
- Thailand (0.1K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ethiopia
For the fourth consecutive year, Ethiopia recorded growth in shipments abroad of refrigerating or freezing equipment; parts thereof, other than furniture, which increased by 618% to 395 units in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture soared to $4.2K in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 549 | N/A | 2,631 | 118.9% |
| Romania | N/A | N/A | N/A | 1,436 | 0% |
| Namibia | N/A | N/A | N/A | 102 | 0% |
| Cameroon | 9.0 | 1.0 | 60.0 | 80.0 | 107.1% |
| Uganda | 311 | 2.0 | 68.0 | N/A | -53.2% |
| France | N/A | N/A | 274 | N/A | 0% |
| Others | 163 | 3.0 | 198 | N/A | 10.2% |
| Total | 483 | 555 | 600 | 4,249 | 106.4% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Ethiopia in 2022:
- Germany (296.0 units)
- Cameroon (71.0 units)
- Namibia (21.0 units)
- Romania (7.0 units)
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