Price for Non-Furniture Refrigerating or Freezing Equipment in Greece - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Greece (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Greece (FOB) - 2023
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Greece
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Greece
Price for Non-Furniture Refrigerating or Freezing Equipment in Greece (CIF) - 2022
In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $228 per unit, growing by 6.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 58% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($366 per unit), while the price for Bulgaria ($52 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Greece (FOB) - 2023
The average export price for non-furniture refrigerating or freezing equipment stood at $398 per unit in July 2023, growing by 203% against the previous month. Overall, the export price saw prominent growth. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 429% month-to-month. As a result, the export price reached the peak level of $1,050 per unit. From February 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Germany ($910 per unit), while the average price for exports to Bulgaria ($137 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 Germany (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Greece
In 2022, purchases abroad of non-furniture refrigerating or freezing equipment decreased by -7.1% to 112K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 7.8%. Over the period under review, imports hit record highs at 121K units in 2021, and then contracted in the following year.
In value terms, non-furniture refrigerating or freezing equipment imports shrank slightly to $25M in 2022. The total import value increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 29%. As a result, imports attained the peak of $26M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.4 | 2.1 | 6.8 | 5.1 | 28.6% |
| France | 2.7 | 3.2 | 4.2 | 3.4 | 8.0% |
| Belgium | 5.1 | 6.2 | 2.5 | 3.3 | -13.5% |
| Czech Republic | 1.7 | 1.7 | 3.3 | 2.5 | 13.7% |
| Sweden | 2.3 | 1.6 | 0.8 | 2.2 | -1.5% |
| Germany | 0.9 | 1.2 | 0.9 | 1.6 | 21.1% |
| China | 1.0 | 1.0 | 1.3 | 1.2 | 6.3% |
| Netherlands | 0.8 | 2.4 | 1.1 | 1.1 | 11.2% |
| Hungary | 0.3 | 1.3 | 1.0 | 1.0 | 49.4% |
| Spain | 0.5 | 0.4 | 0.9 | 1.0 | 26.0% |
| Turkey | 0.2 | 1.7 | 0.6 | 0.6 | 44.2% |
| Japan | 0.1 | N/A | 0.2 | 0.5 | 71.0% |
| Poland | 0.5 | 0.8 | 0.2 | 0.3 | -15.7% |
| Others | 1.7 | 2.5 | 2.1 | 1.7 | 0.0% |
| Total | 20.2 | 26.1 | 25.9 | 25.5 | 8.1% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Greece in 2022:
- Italy (22.9K units)
- France (19.7K units)
- Belgium (11.8K units)
- Czech Republic (10.2K units)
- China (8.3K units)
- Sweden (7.6K units)
- Spain (5.8K units)
- Hungary (4.7K units)
- Germany (4.4K units)
- Turkey (4.2K units)
- Netherlands (3.7K units)
- Japan (1.9K units)
- Poland (1.3K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Greece
In 2022, after three years of growth, there was significant decline in shipments abroad of non-furniture refrigerating or freezing equipment, when their volume decreased by -7.5% to 8.6K units. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 177%. Over the period under review, the exports attained the peak figure at 9.3K units in 2021, and then fell in the following year.
In value terms, non-furniture refrigerating or freezing equipment exports rose slightly to $1.6M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 272 | 690 | 767 | 824 | 44.7% |
| Pakistan | N/A | N/A | N/A | 359 | 0% |
| Germany | 16.0 | 6.7 | 96.5 | 70.5 | 63.9% |
| Tunisia | N/A | N/A | N/A | 42.1 | 0% |
| Spain | N/A | 8.8 | 77.3 | 41.9 | 118.2% |
| Turkey | 20.1 | 1.9 | 16.0 | 36.9 | 22.4% |
| United States | 27.9 | 76.7 | 2.1 | 29.1 | 1.4% |
| Croatia | N/A | 16.9 | 23.9 | 19.6 | 7.7% |
| North Macedonia | 4.6 | N/A | 1.8 | 19.0 | 60.4% |
| Hungary | N/A | 0.3 | N/A | 11.3 | 513.7% |
| Bahrain | N/A | N/A | 25.4 | N/A | 0% |
| Others | 572 | 618 | 570 | 186 | -31.2% |
| Total | 914 | 1,420 | 1,581 | 1,639 | 21.5% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Greece in 2022:
- Cyprus (4270.0 units)
- Pakistan (1725.0 units)
- Germany (388.0 units)
- Hungary (318.0 units)
- Croatia (295.0 units)
- Spain (290.0 units)
- Turkey (277.0 units)
- Tunisia (220.0 units)
- North Macedonia (172.0 units)
- United States (162.0 units)
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