Price for Non-Furniture Refrigerating or Freezing Equipment in Germany - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Germany (CIF) - 2023
- Price for Non-Furniture Refrigerating or Freezing Equipment in Germany (FOB) - 2023
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Germany
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Germany
Price for Non-Furniture Refrigerating or Freezing Equipment in Germany (CIF) - 2023
In July 2023, the average import price for non-furniture refrigerating or freezing equipment amounted to $273 per unit, with an increase of 11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in April 2023 when the average import price increased by 46% m-o-m. As a result, import price reached the peak level of $280 per unit. From May 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($469 per unit), while the price for the Netherlands ($140 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 Belgium (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Germany (FOB) - 2023
In July 2023, the average export price for non-furniture refrigerating or freezing equipment amounted to $464 per unit, increasing by 55% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was the UK ($759 per unit), while the average price for exports to Turkey ($252 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 Belgium (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Germany
In 2022, the amount of non-furniture refrigerating or freezing equipment imported into Germany expanded significantly to 3.8M units, with an increase of 11% compared with the year before. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, non-furniture refrigerating or freezing equipment imports expanded sharply to $883M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 85.7 | 91.0 | 144 | 156 | 22.1% |
| France | 215 | 143 | 145 | 149 | -11.5% |
| Italy | 93.2 | 83.7 | 106 | 122 | 9.4% |
| Czech Republic | 35.7 | 45.1 | 69.6 | 89.8 | 36.0% |
| Ireland | 92.1 | 84.8 | 109 | 71.8 | -8.0% |
| Sweden | 24.6 | 34.9 | 44.6 | 54.4 | 30.3% |
| Belgium | 15.9 | 16.9 | 35.5 | 30.0 | 23.6% |
| Switzerland | 67.3 | 39.5 | 17.0 | 21.5 | -31.6% |
| Austria | 7.6 | 11.5 | 18.7 | 19.7 | 37.4% |
| Turkey | 4.0 | 5.8 | 6.5 | 11.5 | 42.2% |
| Others | 145 | 119 | 133 | 157 | 2.7% |
| Total | 786 | 675 | 829 | 883 | 4.0% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Germany in 2022:
- China (1094.3K units)
- France (742.7K units)
- Italy (434.0K units)
- Czech Republic (388.3K units)
- Ireland (263.0K units)
- Sweden (231.0K units)
- Turkey (110.3K units)
- Belgium (96.6K units)
- Austria (81.5K units)
- Switzerland (62.3K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Germany
In 2022, approx. 2.2M units of non-furniture refrigerating or freezing equipment were exported from Germany; which is down by -2.5% on the previous year. The total export volume increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of 2.3M units, and then fell modestly in the following year.
In value terms, non-furniture refrigerating or freezing equipment exports rose modestly to $747M in 2022. The total export value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 19%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 64.0 | 58.5 | 66.3 | 78.2 | 6.9% |
| United Kingdom | 51.4 | 53.3 | 61.1 | 61.1 | 5.9% |
| Switzerland | 43.3 | 42.2 | 52.2 | 55.5 | 8.6% |
| France | 52.7 | 52.6 | 56.0 | 51.6 | -0.7% |
| Netherlands | 35.5 | 33.0 | 41.5 | 40.4 | 4.4% |
| Italy | 41.3 | 28.0 | 43.3 | 35.0 | -5.4% |
| Poland | 22.1 | 26.0 | 25.6 | 32.5 | 13.7% |
| Austria | 36.4 | 29.4 | 34.4 | 27.6 | -8.8% |
| Belgium | 18.0 | 16.5 | 20.2 | 21.6 | 6.3% |
| Spain | 15.0 | 12.7 | 16.5 | 18.1 | 6.5% |
| United Arab Emirates | 9.2 | 9.5 | 9.5 | 17.0 | 22.7% |
| Turkey | 7.0 | 8.8 | 10.9 | 16.4 | 32.8% |
| Saudi Arabia | 4.9 | 6.6 | 9.7 | 13.8 | 41.2% |
| Others | 257 | 229 | 276 | 278 | 2.7% |
| Total | 658 | 606 | 723 | 747 | 4.3% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Germany in 2022:
- France (216.3K units)
- Switzerland (161.1K units)
- United States (147.5K units)
- Netherlands (146.5K units)
- United Kingdom (133.5K units)
- Poland (111.9K units)
- Italy (110.6K units)
- United Arab Emirates (85.1K units)
- Austria (85.0K units)
- Belgium (74.7K units)
- Turkey (68.1K units)
- Saudi Arabia (57.3K units)
- Spain (56.0K units)
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