Price for Non-Furniture Refrigerating or Freezing Equipment in Kenya - 2021
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Kenya (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Kenya (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Kenya
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Kenya
Price for Non-Furniture Refrigerating or Freezing Equipment in Kenya (CIF) - 2022
The average import price for non-furniture refrigerating or freezing equipment stood at $86 per unit in 2022, which is down by -45.2% against the previous year. Overall, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 21% against the previous year. As a result, import price attained the peak level of $158 per unit, and then shrank remarkably in the following year.
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 ($430 per unit), while the price for Lebanon ($42 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Kenya (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $82 per unit in 2022, with a decrease of -5.1% against the previous year. In general, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 42%. As a result, the export price reached the peak level of $104 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Somalia ($208 per unit), while the average price for exports to Rwanda ($58 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 Democratic Republic of the Congo (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Kenya
In 2022, overseas purchases of non-furniture refrigerating or freezing equipment increased by 40% to 91K units for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment imports shrank significantly to $7.9M in 2022. Overall, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 4.6% against the previous year. Imports peaked at $11M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,611 | 3,302 | 3,062 | 2,921 | 3.8% |
| India | 711 | 726 | 1,145 | 1,096 | 15.5% |
| Netherlands | 369 | 1,146 | 153 | 680 | 22.6% |
| United States | 1,089 | 331 | 952 | 592 | -18.4% |
| Ireland | 202 | 138 | 289 | 459 | 31.5% |
| Turkey | 1,962 | 429 | 496 | 277 | -47.9% |
| United Arab Emirates | 57.2 | 441 | 43.4 | 261 | 65.9% |
| France | 178 | 451 | 719 | 258 | 13.2% |
| South Africa | 592 | 791 | 800 | 181 | -32.6% |
| Others | 3,063 | 2,086 | 2,637 | 1,177 | -27.3% |
| Total | 10,833 | 9,840 | 10,295 | 7,901 | -10.0% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Kenya in 2022:
- China (58.5K units)
- India (12.3K units)
- Netherlands (4.5K units)
- Turkey (2.8K units)
- United Arab Emirates (2.2K units)
- Ireland (2.0K units)
- France (1.5K units)
- United States (1.4K units)
- South Africa (0.8K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Kenya
Non-furniture refrigerating or freezing equipment exports from Kenya contracted notably to 784 units in 2022, dropping by -55.3% on 2021. Over the period under review, exports recorded a dramatic slump. The smallest decline of -23.4% was in 2021. The exports peaked at 3.8K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, non-furniture refrigerating or freezing equipment exports shrank remarkably to $65K in 2022. In general, exports faced a precipitous contraction. The smallest decline of -19% was in 2021. Over the period under review, the exports reached the maximum at $369K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 41.8 | 13.6 | 31.6 | 26.2 | -14.4% |
| Tanzania | 8.2 | 6.0 | 8.5 | 13.7 | 18.7% |
| Uganda | 84.9 | 81.9 | 5.4 | 8.2 | -54.1% |
| Somalia | 1.3 | 18.1 | 30.2 | 7.5 | 79.4% |
| South Sudan | 14.2 | 14.6 | 4.6 | 5.4 | -27.6% |
| Democratic Republic of the Congo | 66.5 | 15.6 | 0.3 | 2.9 | -64.8% |
| Mozambique | 35.0 | 5.3 | 9.4 | N/A | -48.2% |
| Zimbabwe | 1.8 | 6.7 | 4.0 | N/A | 49.1% |
| United States | 15.1 | 0.2 | 5.9 | N/A | -37.5% |
| Serbia | N/A | N/A | 20.8 | N/A | 0% |
| United Arab Emirates | 6.0 | 3.1 | 2.9 | N/A | -30.5% |
| Egypt | 13.6 | 5.5 | 4.1 | N/A | -45.1% |
| Others | 80.7 | 17.3 | 24.4 | 0.8 | -78.5% |
| Total | 369 | 188 | 152 | 64.6 | -44.1% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Kenya in 2022:
- Rwanda (448.0 units)
- Tanzania (137.0 units)
- Uganda (80.0 units)
- South Sudan (39.0 units)
- Somalia (36.0 units)
- Democratic Republic of the Congo (19.0 units)
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