Vietnam - 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 Vietnam - 2022
Contents:
- Commercial Refrigeration Equipment Price in Vietnam (CIF) - 2022
- Commercial Refrigeration Equipment Price in Vietnam (FOB) - 2022
- Commercial Refrigeration Equipment Imports in Vietnam
- Commercial Refrigeration Equipment Exports in Vietnam
Commercial Refrigeration Equipment Price in Vietnam (CIF) - 2022
The average commercial refrigeration equipment import price stood at $355 per unit in December 2022, falling by -2.4% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in April 2022 when the average import price increased by 46% month-to-month. As a result, import price reached the peak level of $466 per unit. From May 2022 to December 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Indonesia ($1,176 per unit), while the price for Germany ($278 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Commercial Refrigeration Equipment Price in Vietnam (FOB) - 2022
In December 2022, the average commercial refrigeration equipment export price amounted to $423 per unit, falling by -28.5% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 117% against the previous month. As a result, the export price reached the peak level of $867 per unit. From May 2022 to December 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,101 per unit), while the average price for exports to India ($212 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.
Commercial Refrigeration Equipment Imports in Vietnam
In 2022, the amount of refrigerating and freezing equipment and heat pumps (except household type equipment) imported into Vietnam dropped slightly to 497K units, waning by -2.8% against 2021. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 3.6%. Imports peaked at 615K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, commercial refrigeration equipment imports reached $175M in 2022. In general, imports showed a perceptible reduction. Imports peaked at $186M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Commercial Refrigeration Equipment in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | N/A | N/A | 175 | 0% |
South Korea | 20.1 | 9.7 | 13.4 | N/A | -18.4% |
Japan | 6.6 | 6.4 | 2.9 | N/A | -33.7% |
China | 96.0 | 86.3 | 97.5 | N/A | 0.8% |
Malaysia | 7.7 | 4.1 | 4.3 | N/A | -25.3% |
United States | 10.1 | 5.4 | 3.8 | N/A | -38.7% |
France | 3.2 | 2.1 | 3.9 | N/A | 10.4% |
Taiwan (Chinese) | 4.5 | 3.4 | 2.5 | N/A | -25.5% |
Italy | 5.2 | 4.0 | 3.9 | N/A | -13.4% |
Others | 32.5 | 30.3 | 25.3 | N/A | -11.8% |
Total | 186 | 152 | 158 | 175 | -2.0% |
Top Suppliers of Commercial Refrigeration Equipment to Vietnam in 2022:
- United Arab Emirates (496.6K units)
Commercial Refrigeration Equipment Exports in Vietnam
For the third year in a row, Vietnam recorded decline in overseas shipments of refrigerating and freezing equipment and heat pumps (except household type equipment), which decreased by -17.8% to 70K units in 2022. Over the period under review, exports showed a precipitous setback. The smallest decline of -7.1% was in 2020. The exports peaked at 170K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, commercial refrigeration equipment exports fell to $29M in 2022. Overall, exports recorded a deep reduction. The growth pace was the most rapid in 2020 when exports increased by 15%. As a result, the exports attained the peak of $50M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Commercial Refrigeration Equipment in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Myanmar | 0.1 | N/A | N/A | 15.1 | 432.5% |
United Arab Emirates | N/A | 0.4 | N/A | 14.3 | 497.9% |
Hong Kong SAR | 3.2 | 3.1 | N/A | N/A | -3.1% |
Thailand | 1.4 | 0.5 | 0.3 | N/A | -53.7% |
Germany | 3.8 | 4.7 | 0.7 | N/A | -57.1% |
China | 2.7 | 4.4 | 0.7 | N/A | -49.1% |
United States | 14.8 | 18.9 | 19.7 | N/A | 15.4% |
India | 7.2 | 5.8 | 7.7 | N/A | 3.4% |
Singapore | 6.4 | 8.3 | 1.1 | N/A | -58.5% |
Others | 3.5 | 3.4 | 2.7 | N/A | -12.2% |
Total | 43.3 | 49.6 | 33.0 | 29.4 | -12.1% |
Top Export Markets for Commercial Refrigeration Equipment from Vietnam in 2022:
- Myanmar (43.2K units)
- United Arab Emirates (27.2K units)
This report provides an in-depth analysis of the commercial refrigeration equipment market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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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