Price for Non-Furniture Refrigerating or Freezing Equipment in Estonia - 2023

Contents:

1. Price for Non-Furniture Refrigerating or Freezing Equipment in Estonia (CIF) - 2022
2. Price for Non-Furniture Refrigerating or Freezing Equipment in Estonia (FOB) - 2023
3. Imports of Non-Furniture Refrigerating or Freezing Equipment in Estonia
4. Exports of Non-Furniture Refrigerating or Freezing Equipment in Estonia

Price for Non-Furniture Refrigerating or Freezing Equipment in Estonia (CIF) - 2022

The average import price for non-furniture refrigerating or freezing equipment stood at $299 per unit in 2022, increasing by 11% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-furniture refrigerating or freezing equipment import price increased by +28.7% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 31%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 the UK ($506 per unit), while the price for Italy ($197 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Furniture Refrigerating or Freezing Equipment in Estonia (FOB) - 2023

In December 2023, the average export price for non-furniture refrigerating or freezing equipment amounted to $582 per unit, with an increase of 53% against the previous month. Overall, export price indicated a pronounced expansion from December 2022 to December 2023: its price increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, non-furniture refrigerating or freezing equipment export price increased by +53.0% against November 2023 indices. The pace of growth was the most pronounced in July 2023 an increase of 62% against the previous month. Over the period under review, the average export prices hit record highs in December 2023.

Average prices varied somewhat for the major foreign markets. In December 2023, the highest price was recorded for prices to the United Arab Emirates ($713 per unit) and Latvia ($657 per unit), while the average price for exports to Lithuania ($501 per unit) and Finland ($562 per unit) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+54.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Furniture Refrigerating or Freezing Equipment in Estonia

In 2022, imports of non-furniture refrigerating or freezing equipment into Estonia expanded notably to 25K units, with an increase of 15% on the previous year. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-furniture refrigerating or freezing equipment imports surged to $7.5M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Estonia in 2022:

1. Finland (5.2K units)
2. Italy (3.3K units)
3. Ireland (2.8K units)
4. China (2.0K units)
5. Denmark (1.9K units)
6. United Kingdom (1.8K units)
7. Lithuania (1.6K units)
8. Latvia (1.4K units)
9. Germany (1.4K units)
10. Sweden (0.9K units)
11. France (0.4K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Estonia

In 2022, shipments abroad of non-furniture refrigerating or freezing equipment decreased by -23.5% to 11K units, falling for the second consecutive year after two years of growth. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, the exports attained the peak of 17K 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 expanded significantly to $4M in 2022. Over the period under review, exports saw a pronounced decrease. The pace of growth was the most pronounced in 2020 with an increase of 44%. As a result, the exports attained the peak of $6.3M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Estonia in 2022:

1. Finland (5.4K units)
2. France (2.1K units)
3. Latvia (1.4K units)
4. China (1.1K units)
5. Lithuania (0.5K units)
6. Russia (0.4K units)
7. Chile (0.2K units)

Source: IndexBox Market Intelligence Platform