Price for Non-Furniture Refrigerating or Freezing Equipment in Belgium - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Belgium (CIF) - 2023
- Price for Non-Furniture Refrigerating or Freezing Equipment in Belgium (FOB) - 2023
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Belgium
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Belgium
Price for Non-Furniture Refrigerating or Freezing Equipment in Belgium (CIF) - 2023
In July 2023, the average import price for non-furniture refrigerating or freezing equipment amounted to $256 per unit, surging by 6.8% against the previous month. In general, import price indicated a perceptible expansion from July 2022 to July 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, non-furniture refrigerating or freezing equipment import price decreased by -1.9% against May 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 47% against the previous month. As a result, import price reached the peak level of $354 per unit. From January 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($384 per unit), while the price for China ($93.1 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 Italy (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Belgium (FOB) - 2023
The average export price for non-furniture refrigerating or freezing equipment stood at $279 per unit in July 2023, with an increase of 38% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($880 per unit), while the average price for exports to the Netherlands ($121 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Belgium
After three years of growth, supplies from abroad of non-furniture refrigerating or freezing equipment decreased by -1.2% to 828K units in 2022. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 53%. As a result, imports attained the peak of 838K units, and then fell slightly in the following year.
In value terms, non-furniture refrigerating or freezing equipment imports expanded notably to $206M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 19.6 | 43.6 | 86.4 | 84.9 | 63.0% |
| France | 26.9 | 24.9 | 28.8 | 21.9 | -6.6% |
| Netherlands | 14.0 | 15.3 | 16.6 | 14.1 | 0.2% |
| Germany | 10.8 | 11.7 | 14.0 | 14.0 | 9.0% |
| China | 2.8 | 4.5 | 10.0 | 6.6 | 33.1% |
| Ireland | 0.6 | 0.1 | N/A | 5.7 | 111.8% |
| Spain | 3.0 | 3.2 | 4.9 | 4.9 | 17.8% |
| Others | 18.0 | 19.6 | 23.8 | 54.2 | 44.4% |
| Total | 95.6 | 123 | 185 | 206 | 29.2% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Belgium in 2022:
- Italy (385.0K units)
- France (80.2K units)
- China (50.3K units)
- Germany (37.7K units)
- Netherlands (35.4K units)
- Ireland (34.8K units)
- Spain (23.1K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Belgium
In 2022, overseas shipments of non-furniture refrigerating or freezing equipment decreased by -9.4% to 733K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 14% against the previous year. Over the period under review, the exports hit record highs at 809K units in 2021, and then dropped in the following year.
In value terms, non-furniture refrigerating or freezing equipment exports declined slightly to $161M in 2022. The total export value increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 15%. Over the period under review, the exports reached the maximum at $162M in 2021, and then contracted slightly in the following year.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 15.0 | 18.3 | 19.6 | 18.2 | 6.7% |
| France | 16.7 | 20.3 | 21.9 | 16.2 | -1.0% |
| Italy | 18.5 | 14.8 | 21.0 | 15.6 | -5.5% |
| Netherlands | 8.9 | 9.1 | 12.0 | 11.9 | 10.2% |
| Austria | 0.6 | 0.9 | 10.5 | 7.9 | 136.1% |
| Spain | 13.1 | 11.3 | 12.4 | 6.7 | -20.0% |
| Poland | 3.4 | 5.0 | 3.7 | 4.8 | 12.2% |
| Turkey | 2.0 | 3.6 | 3.8 | 4.7 | 33.0% |
| Greece | 1.0 | 2.8 | 3.0 | 3.1 | 45.8% |
| United Kingdom | 2.0 | 2.0 | 5.0 | 3.0 | 14.5% |
| Serbia | 0.2 | 0.3 | 0.8 | 1.6 | 100.0% |
| Czech Republic | 0.2 | 0.2 | 0.3 | 1.0 | 71.0% |
| Hungary | 7.7 | 7.8 | 1.5 | 0.8 | -53.0% |
| Others | 35.9 | 47.0 | 46.3 | 65.6 | 22.3% |
| Total | 125 | 143 | 162 | 161 | 8.8% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Belgium in 2022:
- Italy (79.7K units)
- Germany (76.5K units)
- Netherlands (74.8K units)
- France (69.5K units)
- Austria (41.8K units)
- Spain (32.9K units)
- Poland (25.7K units)
- Turkey (22.9K units)
- Greece (13.0K units)
- Czech Republic (10.8K units)
- United Kingdom (10.5K units)
- Serbia (10.3K units)
- Hungary (3.3K units)
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