Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Tanzania - 2022
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Tanzania (CIF) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Tanzania (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Tanzania
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Tanzania
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Tanzania (CIF) - 2022
In 2022, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $16 per unit, rising by 22% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 53% against the previous year. The import price peaked at $24 per unit in 2013; however, from 2014 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 Spain ($83 per unit), while the price for Oman ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+32.9%), 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 Tanzania (FOB) - 2022
The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $7.1 per unit in 2022, shrinking by -67.4% against the previous year. Overall, the export price faced a deep setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 111%. As a result, the export price reached the peak level of $135 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($80 per unit), while the average price for exports to Nigeria ($1.6 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 (+83.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Tanzania
In 2022, supplies from abroad of refrigerating or freezing equipment; parts thereof, other than furniture decreased by -64.5% to 90K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 273%. Over the period under review, imports of reached the maximum at 254K units in 2021, and then contracted significantly in the following year.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture fell remarkably to $1.4M in 2022. Overall, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 283% against the previous year. Imports peaked at $3.3M in 2021, and then shrank dramatically in the following year.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 158 | 552 | 1,868 | 387 | 34.8% |
| Spain | 24.6 | 3.5 | 577 | 290 | 127.6% |
| Denmark | 4.6 | 0.3 | N/A | 199 | 251.0% |
| United Arab Emirates | 84.3 | 217 | 367 | 122 | 13.1% |
| Italy | 21.1 | 34.6 | 56.5 | 103 | 69.6% |
| Thailand | 66.2 | 63.4 | 58.9 | 39.5 | -15.8% |
| Oman | N/A | N/A | N/A | 1.5 | 0% |
| Others | 300 | 1,651 | 326 | 266 | -3.9% |
| Total | 659 | 2,522 | 3,254 | 1,409 | 28.8% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Tanzania in 2022:
- China (47.4K units)
- United Arab Emirates (18.7K units)
- Denmark (4.4K units)
- Oman (3.8K units)
- Spain (3.5K units)
- Italy (3.4K units)
- Thailand (1.4K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Tanzania
In 2022, exports of refrigerating or freezing equipment; parts thereof, other than furniture from Tanzania expanded rapidly to 178 units, with an increase of 5.3% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of 369%. Over the period under review, the exports of hit record highs at 282 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture fell dramatically to $1.3K in 2022. Overall, exports, however, recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 194% against the previous year. The exports peaked at $10K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malawi | 1.0 | N/A | N/A | 0.8 | -7.2% |
| Nigeria | N/A | N/A | N/A | 0.2 | 0% |
| Zambia | N/A | N/A | N/A | 0.1 | 0% |
| Kenya | 8.1 | N/A | N/A | 0.1 | -76.9% |
| United States | N/A | N/A | 0.1 | N/A | 0% |
| Hungary | N/A | 1.1 | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 0.2 | N/A | 0% |
| Cuba | 0.8 | N/A | N/A | N/A | 0% |
| Italy | N/A | N/A | 0.4 | N/A | 0% |
| Others | 0.5 | 0.1 | 3.0 | N/A | 144.9% |
| Total | 10.4 | 1.3 | 3.7 | 1.3 | -50.0% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Tanzania in 2022:
- Nigeria (148.0 units)
- Malawi (16.0 units)
- Zambia (13.0 units)
- Kenya (1.0 units)
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