Kenya - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCommercial Refrigeration Equipment Price in Kenya - 2021
Contents:
- Commercial Refrigeration Equipment Price in Kenya (CIF) - 2022
- Commercial Refrigeration Equipment Price in Kenya (FOB) - 2022
- Commercial Refrigeration Equipment Imports in Kenya
- Commercial Refrigeration Equipment Exports in Kenya
Commercial Refrigeration Equipment Price in Kenya (CIF) - 2022
The average commercial refrigeration equipment import price stood at $161 per unit in 2022, which is down by -26.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32% against the previous year. Over the period under review, average import prices attained the maximum at $378 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Turkey ($453 per unit), while the price for China ($95 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.2%), while the prices for the other major suppliers experienced a decline.
Commercial Refrigeration Equipment Price in Kenya (FOB) - 2022
In 2022, the average commercial refrigeration equipment export price amounted to $149 per unit, dropping by -8.4% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 an increase of 43% against the previous year. Over the period under review, the average export prices reached the peak figure at $687 per unit in 2012; however, from 2013 to 2022, the export prices remained at a 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 Democratic Republic of the Congo ($426 per unit), while the average price for exports to South Sudan ($94 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 (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.
Commercial Refrigeration Equipment Imports in Kenya
After two years of decline, overseas purchases of refrigerating and freezing equipment and heat pumps (except household type equipment) increased by 45% to 116K units in 2022. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, commercial refrigeration equipment imports expanded significantly to $19M in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. Imports peaked at $25M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Commercial Refrigeration Equipment in Kenya (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6.3 | 5.3 | 5.5 | 7.2 | 4.6% |
Turkey | 4.0 | 1.3 | 1.1 | 2.4 | -15.7% |
India | 4.1 | 2.9 | 1.6 | 1.5 | -28.5% |
Italy | 1.4 | 0.5 | 0.9 | 1.0 | -10.6% |
Netherlands | 0.4 | 1.2 | 0.2 | 0.7 | 20.5% |
Ireland | 0.3 | 0.2 | 0.4 | 0.5 | 18.6% |
South Africa | 1.2 | 0.9 | 1.1 | 0.4 | -30.7% |
United Arab Emirates | 0.2 | 0.6 | 0.2 | 0.3 | 14.5% |
Others | 7.0 | 6.0 | 6.5 | 4.6 | -13.1% |
Total | 24.8 | 18.9 | 17.5 | 18.7 | -9.0% |
Top Suppliers of Commercial Refrigeration Equipment to Kenya in 2022:
- China (75.9K units)
- India (13.6K units)
- Turkey (5.3K units)
- Netherlands (4.5K units)
- United Arab Emirates (2.2K units)
- Ireland (2.0K units)
- Italy (1.5K units)
- South Africa (1.2K units)
Commercial Refrigeration Equipment Exports in Kenya
For the third consecutive year, Kenya recorded decline in shipments abroad of refrigerating and freezing equipment and heat pumps (except household type equipment), which decreased by -52% to 954 units in 2022. Over the period under review, exports saw a dramatic decrease. The smallest decline of -23.6% was in 2020. Over the period under review, the exports reached the peak figure at 4.1K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, commercial refrigeration equipment exports reduced markedly to $142K in 2022. Overall, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2020 with an increase of 9.6% against the previous year. As a result, the exports attained the peak of $611K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Commercial Refrigeration Equipment in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Rwanda | 88.8 | 38.6 | 42.3 | 57.3 | -13.6% |
Tanzania | 33.0 | 228 | 11.4 | 25.6 | -8.1% |
Uganda | 99.0 | 206 | 13.6 | 22.9 | -38.6% |
Democratic Republic of the Congo | 71.3 | 15.6 | 0.3 | 14.5 | -41.2% |
South Sudan | 14.2 | 14.6 | 4.7 | 7.7 | -18.5% |
Somalia | 1.3 | 18.1 | 30.2 | 7.5 | 79.4% |
Mozambique | 35.0 | 5.3 | 9.4 | N/A | -48.2% |
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 | 180 | 76.2 | 178 | 6.7 | -66.6% |
Total | 557 | 611 | 324 | 142 | -36.6% |
Top Export Markets for Commercial Refrigeration Equipment from Kenya in 2022:
- Rwanda (477.0 units)
- Tanzania (145.0 units)
- Uganda (136.0 units)
- South Sudan (82.0 units)
- Somalia (36.0 units)
- Democratic Republic of the Congo (34.0 units)
This report provides an in-depth analysis of the commercial refrigeration equipment market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
- Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
- Prodcom 28251340 -
- Prodcom 28251350 -
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
- Prodcom 28251390 - Other refrigerating or freezing equipment
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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