Report Update: May 1, 2024

Ethiopia - Compressors For Refrigeration Equipment - Market Analysis, Forecast, Size, Trends And Insights

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Refrigerator Compressor Price in Ethiopia - 2022

Refrigerator Compressor Price in Ethiopia (CIF) - 2022

The average refrigerator compressor import price stood at $504 per unit in 2022, growing by 140% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. Over the period under review, average import prices attained the maximum at $955 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,955 per unit), while the price for China ($218 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+246.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Refrigerator Compressor Price in Ethiopia (FOB) - 2022

The average refrigerator compressor export price stood at $19,682 per unit in 2022, increasing by 2,211% against the previous year. Overall, the export price showed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Poland.

From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to +878.8% per year.

Refrigerator Compressor Imports in Ethiopia

In 2022, purchases abroad of compressors for refrigeration equipment was finally on the rise to reach 6K units after two years of decline. Overall, imports, however, continue to indicate a precipitous setback. Over the period under review, imports hit record highs at 15K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, refrigerator compressor imports skyrocketed to $3M in 2022. In general, imports, however, continue to indicate a deep slump. Over the period under review, imports hit record highs at $4.6M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Refrigerator Compressor in Ethiopia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	664	20.0	9.2	1,037	16.0%
China	3,152	1,218	510	908	-34.0%
Belgium	49.0	793	6.8	531	121.3%
France	6.5	10.7	19.7	139	177.6%
Others	742	883	655	394	-19.0%
Total	4,614	2,925	1,201	3,009	-13.3%

Top Suppliers of Refrigerator Compressor to Ethiopia in 2022:

China (4.2K units)
United States (0.9K units)
Belgium (0.5K units)
France (0.2K units)

Refrigerator Compressor Exports in Ethiopia

In 2022, overseas shipments of compressors for refrigeration equipment decreased by -60% to 2 units, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 300% against the previous year. As a result, the exports reached the peak of 272 units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, refrigerator compressor exports skyrocketed to $39K in 2022. In general, exports recorded a sharp curtailment. Over the period under review, the exports attained the maximum at $380K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Export of Refrigerator Compressor in Ethiopia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	N/A	N/A	N/A	0.8	0%
Saudi Arabia	N/A	376	N/A	N/A	0%
Sri Lanka	93.4	N/A	N/A	N/A	0%
Others	8.1	4.8	4.3	38.6	68.3%
Total	101	380	4.3	39.4	-26.9%

Top Export Markets for Refrigerator Compressor from Ethiopia in 2022:

Poland (2.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refrigerator compressor market in Ethiopia. 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 28132300 - Compressors for refrigeration equipment

Country coverage:

Ethiopia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ethiopia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023