Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Egypt - 2023
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Egypt (CIF) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Egypt (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Egypt
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Egypt
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Egypt (CIF) - 2022
In 2022, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $59 per unit, increasing by 4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 an increase of 42%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($59 per unit) and Sweden ($59 per unit), while the price for Turkey ($59 per unit) and Germany ($59 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.1%), 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 Egypt (FOB) - 2022
The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $66 per unit in 2022, falling by -2.9% against the previous year. Over the period under review, the export price, however, showed a strong increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 91% against the previous year. Over the period under review, the average export prices hit record highs at $68 per unit in 2021, and then declined slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($69 per unit), while the average price for exports to Cyprus ($31 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 Syrian Arab Republic (+37.5%), 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 Egypt
After two years of decline, supplies from abroad of refrigerating or freezing equipment; parts thereof, other than furniture increased by 32% to 954K units in 2022. Overall, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports of hit record highs at 1.2M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture surged to $56M in 2022. The total import value increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.4 | 13.5 | 16.2 | 35.5 | 29.4% |
| Italy | 10.4 | 8.8 | 5.5 | 4.3 | -25.5% |
| France | 4.0 | 6.3 | 4.1 | 3.0 | -9.1% |
| South Korea | 1.8 | 1.4 | 1.4 | 2.8 | 15.9% |
| Thailand | 2.5 | 2.0 | 1.6 | 1.7 | -12.1% |
| Sweden | 0.1 | 0.1 | 0.4 | 1.2 | 128.9% |
| Turkey | 1.0 | 1.7 | 2.2 | 1.0 | 0.0% |
| Romania | 1.5 | 0.9 | 0.5 | 0.7 | -22.4% |
| Germany | 2.9 | 0.7 | 0.5 | 0.7 | -37.7% |
| Others | 5.2 | 5.1 | 8.1 | 5.1 | -0.6% |
| Total | 45.9 | 40.3 | 40.6 | 56.0 | 6.9% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Egypt in 2022:
- China (605.1K units)
- Italy (73.3K units)
- France (51.9K units)
- South Korea (47.1K units)
- Thailand (28.8K units)
- Sweden (20.0K units)
- Turkey (17.3K units)
- Germany (12.2K units)
- Romania (11.7K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Egypt
In 2022, the amount of refrigerating or freezing equipment; parts thereof, other than furniture exported from Egypt reduced slightly to 37K units, which is down by -4.9% against 2021 figures. The total export volume increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 28%. As a result, the exports attained the peak of 39K units, and then reduced slightly in the following year.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture dropped to $2.4M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, the exports reached the peak of $2.6M, and then shrank in the following year.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 451 | 1,357 | 544 | 744 | 18.2% |
| Tunisia | 191 | 229 | 302 | 567 | 43.7% |
| Algeria | 221 | 241 | 179 | 325 | 13.7% |
| Libya | 558 | 3.0 | 632 | 219 | -26.8% |
| Saudi Arabia | 21.2 | 2.6 | 509 | 161 | 96.6% |
| Morocco | N/A | 2.3 | N/A | 154 | 718.3% |
| Cyprus | 39.8 | N/A | N/A | 30.2 | -8.8% |
| Others | 122 | 186 | 454 | 219 | 21.5% |
| Total | 1,603 | 2,021 | 2,621 | 2,419 | 14.7% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Egypt in 2022:
- Sudan (11.1K units)
- Tunisia (8.5K units)
- Algeria (4.9K units)
- Libya (3.3K units)
- Saudi Arabia (2.4K units)
- Morocco (2.3K units)
- Cyprus (1.0K units)
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