Tanzania: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Tanzania

The Tanzanian refrigerator and freezer market totaled $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed perceptible growth. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Refrigerator And Freezer Exports

Exports from Tanzania

In 2022, overseas shipments of refrigerators and freezers increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports showed a notable expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, refrigerator and freezer exports soared to $X in 2022. Overall, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Burundi (X units) was the main destination for refrigerator and freezer exports from Tanzania, accounting for a X% share of total exports. Moreover, refrigerator and freezer exports to Burundi exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), fivefold. Comoros (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burundi totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Comoros (X% per year).

In value terms, Burundi ($X) emerged as the key foreign market for refrigerators and freezers exports from Tanzania, comprising X% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a X% share of total exports. It was followed by Comoros, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Burundi totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Comoros (X% per year).

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Rwanda ($X 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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports into Tanzania

In 2022, overseas purchases of refrigerators and freezers decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, enjoyed a notable expansion. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, refrigerator and freezer imports surged to $X in 2022. In general, imports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest refrigerator and freezer supplier to Tanzania, with a X% share of total imports. Moreover, refrigerator and freezer imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X units), threefold. The UK (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of refrigerators and freezers to Tanzania, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and the UK (X% per year).

Import Prices by Country

The average refrigerator and freezer import price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue 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 the United Arab Emirates ($X per unit) and China ($X per unit), while the price for the UK ($X per unit) and South Africa ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform