Price for Non-Furniture Refrigerating or Freezing Equipment in Bangladesh - 2022
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Bangladesh (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Bangladesh (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Bangladesh
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Bangladesh
Price for Non-Furniture Refrigerating or Freezing Equipment in Bangladesh (CIF) - 2022
In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $128 per unit, leveling off at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $182 per unit. From 2021 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($434 per unit), while the price for China ($97 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Bangladesh (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $130 per unit in 2022, reducing by -54.4% against the previous year. Over the period under review, the export price, however, continues to indicate a moderate increase. The pace of growth was the most pronounced in 2014 an increase of 90%. The export price peaked at $285 per unit in 2021, and then shrank notably in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($227 per unit), while the average price for exports to Thailand ($2 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 Egypt (+70.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Bangladesh
In 2022, the amount of non-furniture refrigerating or freezing equipment imported into Bangladesh skyrocketed to 348K units, growing by 70% against the previous year. Overall, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment imports soared to $44M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.1 | 9.9 | 10.7 | 22.5 | 19.8% |
| India | 3.9 | 1.3 | 2.0 | 6.0 | 15.4% |
| Malaysia | 1.2 | 0.6 | 1.0 | 3.0 | 35.7% |
| Russia | 1.0 | 6.2 | 3.7 | 2.6 | 37.5% |
| Italy | 1.2 | 0.4 | 0.6 | 1.8 | 14.5% |
| France | 3.5 | 1.6 | 1.3 | 1.7 | -21.4% |
| United States | 2.4 | 1.2 | 1.2 | 1.2 | -20.6% |
| Others | 5.5 | 5.4 | 5.7 | 5.7 | 1.2% |
| Total | 31.9 | 26.5 | 26.3 | 44.5 | 11.7% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Bangladesh in 2022:
- China (232.0K units)
- India (40.9K units)
- Malaysia (18.1K units)
- France (12.5K units)
- Italy (10.8K units)
- Russia (5.9K units)
- United States (4.7K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Bangladesh
In 2022, shipments abroad of non-furniture refrigerating or freezing equipment decreased by -69% to 9 units, falling for the second year in a row after two years of growth. Overall, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 23% against the previous year. As a result, the exports attained the peak of 101 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, non-furniture refrigerating or freezing equipment exports contracted sharply to $1.2K in 2022. Over the period under review, exports faced a dramatic contraction. The growth pace was the most rapid in 2020 when exports increased by 38%. As a result, the exports attained the peak of $22K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 15.0 | 6.2 | 1.4 | 0.7 | -64.0% |
| Philippines | N/A | N/A | N/A | 0.2 | 0% |
| Indonesia | N/A | N/A | N/A | 0.2 | 0% |
| Canada | N/A | N/A | N/A | 0.1 | 0% |
| Poland | N/A | 15.9 | N/A | N/A | 0% |
| Thailand | 0.1 | N/A | N/A | N/A | 0% |
| Switzerland | 1.0 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | 6.8 | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 16.0 | 22.1 | 8.3 | 1.2 | -57.8% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Bangladesh in 2022:
- Indonesia (3.0 units)
- Singapore (3.0 units)
- Canada (1.0 units)
- Thailand (1.0 units)
- Philippines (1.0 units)
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