Price for Non-Furniture Refrigerating or Freezing Equipment in Ethiopia - 2022

Contents:

1. Price for Non-Furniture Refrigerating or Freezing Equipment in Ethiopia (CIF) - 2022
2. Price for Non-Furniture Refrigerating or Freezing Equipment in Ethiopia (FOB) - 2022
3. Imports of Non-Furniture Refrigerating or Freezing Equipment in Ethiopia
4. Exports of Non-Furniture Refrigerating or Freezing Equipment in Ethiopia

Price for Non-Furniture Refrigerating or Freezing Equipment in Ethiopia (CIF) - 2022

In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $319 per unit, increasing by 11% against the previous year. In general, the import price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 50%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 Germany ($686 per unit), while the price for Luxembourg ($32 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Furniture Refrigerating or Freezing Equipment in Ethiopia (FOB) - 2022

The average export price for non-furniture refrigerating or freezing equipment stood at $100 per unit in 2022, with an increase of 95% against the previous year. Over the period under review, the export price continues to indicate a mild increase. The most prominent rate of growth was recorded in 2014 an increase of 97% against the previous year. As a result, the export price attained the peak level of $199 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($692 per unit), while the average price for exports to Angola ($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 Tanzania (+58.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Furniture Refrigerating or Freezing Equipment in Ethiopia

In 2022, purchases abroad of non-furniture refrigerating or freezing equipment was finally on the rise to reach 29K units after two years of decline. Over the period under review, imports, however, saw a abrupt shrinkage. Over the period under review, imports reached the maximum at 41K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, non-furniture refrigerating or freezing equipment imports expanded significantly to $9.4M in 2022. In general, imports, however, recorded a perceptible setback. Imports peaked at $11M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Ethiopia in 2022:

1. China (12.6K units)
2. United States (3.2K units)
3. Italy (2.1K units)
4. Egypt (1.9K units)
5. Malaysia (1.8K units)
6. Tunisia (1.5K units)
7. Luxembourg (1.2K units)
8. India (0.9K units)
9. Switzerland (0.8K units)
10. Poland (0.7K units)
11. Turkey (0.6K units)
12. Netherlands (0.4K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Ethiopia

In 2022, after two years of decline, there was significant growth in shipments abroad of non-furniture refrigerating or freezing equipment, when their volume increased by 8.8% to 37 units. Overall, exports, however, recorded a precipitous slump. Over the period under review, the exports reached the maximum at 104 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-furniture refrigerating or freezing equipment exports skyrocketed to $3.7K in 2022. In general, exports, however, saw a dramatic decrease. The exports peaked at $13K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Ethiopia in 2022:

1. Nigeria (10.0 units)
2. South Korea (8.0 units)
3. Tanzania (3.0 units)
4. Angola (2.0 units)
5. South Africa (2.0 units)
6. France (2.0 units)
7. Namibia (2.0 units)
8. Romania (1.0 units)
9. Sudan (1.0 units)
10. India (1.0 units)
11. Senegal (1.0 units)
12. Kenya (1.0 units)
13. Germany (1.0 units)

Source: IndexBox Market Intelligence Platform