Price for Non-Furniture Refrigerating or Freezing Equipment in Austria - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Austria (CIF) - 2023
- Price for Non-Furniture Refrigerating or Freezing Equipment in Austria (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Austria
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Austria
Price for Non-Furniture Refrigerating or Freezing Equipment in Austria (CIF) - 2023
In July 2023, the average import price for non-furniture refrigerating or freezing equipment amounted to $325 per unit, rising by 20% against the previous month. Over the last twelve months, it increased at an average monthly rate of +4.6%. The pace of growth was the most pronounced in August 2022 when the average import price increased by 28% month-to-month. The import price peaked in July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($510 per unit), while the price for Denmark ($135 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Austria (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $269 per unit in 2022, declining by -10.6% against the previous year. Over the period under review, the export price recorded a pronounced slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 32%. Over the period under review, the average export prices hit record highs at $360 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($375 per unit), while the average price for exports to Italy ($167 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 Slovakia (+0.3%), while the prices for the other major destinations experienced a decline.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Austria
In 2022, approx. 485K units of non-furniture refrigerating or freezing equipment were imported into Austria; increasing by 11% compared with 2021 figures. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 27%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, non-furniture refrigerating or freezing equipment imports soared to $115M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 37.9 | 25.1 | 24.6 | 33.7 | -3.8% |
| Italy | 12.7 | 15.4 | 22.6 | 26.3 | 27.5% |
| Switzerland | 1.0 | 2.5 | 7.7 | 8.9 | 107.2% |
| Belgium | 1.7 | 2.4 | 7.2 | 8.7 | 72.3% |
| Czech Republic | 1.7 | 2.5 | 3.6 | 7.4 | 63.3% |
| France | 5.1 | 5.7 | 4.2 | 5.5 | 2.5% |
| Netherlands | 2.6 | 1.1 | 2.8 | 4.7 | 21.8% |
| Denmark | 0.8 | 1.7 | 1.3 | 2.4 | 44.2% |
| China | 3.2 | 3.9 | 5.9 | 2.3 | -10.4% |
| Poland | 1.4 | 1.5 | 2.0 | 2.1 | 14.5% |
| Thailand | 3.2 | 2.4 | 2.8 | 1.7 | -19.0% |
| Sweden | 3.4 | 0.4 | 0.1 | N/A | -82.9% |
| Others | 8.9 | 8.8 | 11.2 | 10.9 | 7.0% |
| Total | 83.5 | 73.4 | 95.9 | 115 | 11.3% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Austria in 2022:
- Italy (135.5K units)
- Germany (124.1K units)
- Belgium (43.0K units)
- Switzerland (39.4K units)
- France (26.5K units)
- Czech Republic (23.5K units)
- Denmark (19.1K units)
- China (16.2K units)
- Poland (12.7K units)
- Netherlands (11.6K units)
- Thailand (10.2K units)
- Sweden (0.3K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Austria
For the fourth year in a row, Austria recorded growth in shipments abroad of non-furniture refrigerating or freezing equipment, which increased by 43% to 450K units in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment exports skyrocketed to $121M in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 51% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 17.0 | 24.2 | 40.5 | 39.9 | 32.9% |
| Switzerland | 8.2 | 14.0 | 13.0 | 18.8 | 31.9% |
| Italy | 2.5 | 2.9 | 4.6 | 13.8 | 76.7% |
| Hungary | 1.3 | 0.8 | 5.3 | 7.2 | 76.9% |
| Poland | 2.5 | 1.5 | 1.8 | 5.2 | 27.7% |
| Czech Republic | 1.4 | 1.2 | 3.6 | 3.5 | 35.7% |
| Romania | 0.1 | 0.6 | 1.9 | 2.9 | 207.2% |
| Belgium | 0.2 | 0.2 | 1.1 | 2.6 | 135.1% |
| Slovakia | 0.5 | 0.2 | 1.4 | 2.5 | 71.0% |
| Netherlands | 6.0 | 4.2 | 2.5 | 1.3 | -39.9% |
| Others | 12.9 | 12.8 | 18.8 | 23.3 | 21.8% |
| Total | 52.7 | 62.6 | 94.6 | 121 | 31.9% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Austria in 2022:
- Germany (148.3K units)
- Italy (82.8K units)
- Switzerland (78.3K units)
- Hungary (26.9K units)
- Poland (21.0K units)
- Romania (12.5K units)
- Czech Republic (11.7K units)
- Belgium (11.4K units)
- Slovakia (8.2K units)
- Netherlands (3.4K units)
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