Price for Non-Furniture Refrigerating or Freezing Equipment in Portugal - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Portugal (CIF) - 2023
- Price for Non-Furniture Refrigerating or Freezing Equipment in Portugal (FOB) - 2023
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Portugal
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Portugal
Price for Non-Furniture Refrigerating or Freezing Equipment in Portugal (CIF) - 2023
In July 2023, the average import price for non-furniture refrigerating or freezing equipment amounted to $254 per unit, increasing by 20% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 41% against the previous month. The import price peaked at $290 per unit in April 2023; however, from May 2023 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were France ($277 per unit) and China ($268 per unit), while the price for Sweden ($217 per unit) and South Korea ($225 per unit) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Portugal (FOB) - 2023
In July 2023, the average export price for non-furniture refrigerating or freezing equipment amounted to $162 per unit, with a decrease of -12.9% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 126% month-to-month. The export price peaked at $244 per unit in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Ireland ($257 per unit), while the average price for exports to Cabo Verde ($24.9 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 Ireland (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Portugal
In 2022, the amount of non-furniture refrigerating or freezing equipment imported into Portugal shrank modestly to 183K units, which is down by -4.6% compared with 2021. In general, imports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 30%. Over the period under review, imports hit record highs at 220K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, non-furniture refrigerating or freezing equipment imports shrank to $43M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports reached the peak of $44M, leveling off in the following year.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 17.7 | 11.8 | 14.1 | 17.0 | -1.3% |
| Italy | 8.6 | 7.4 | 11.1 | 8.0 | -2.4% |
| France | 2.8 | 4.9 | 7.5 | 7.0 | 35.7% |
| Denmark | 4.6 | 3.1 | 1.9 | 3.1 | -12.3% |
| Germany | 2.6 | 1.2 | 1.7 | 2.1 | -6.9% |
| Belgium | 3.4 | 1.5 | 2.3 | 1.5 | -23.9% |
| Poland | 0.8 | 0.6 | 0.7 | 0.5 | -14.5% |
| Others | 2.8 | 4.0 | 4.6 | 4.4 | 16.3% |
| Total | 43.3 | 34.4 | 43.8 | 43.4 | 0.1% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Portugal in 2022:
- Spain (74.7K units)
- Italy (39.5K units)
- France (30.6K units)
- Denmark (8.5K units)
- Germany (7.5K units)
- Belgium (4.9K units)
- Poland (4.4K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Portugal
For the fourth consecutive year, Portugal recorded growth in overseas shipments of non-furniture refrigerating or freezing equipment, which increased by 7.9% to 87K units in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 78%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, non-furniture refrigerating or freezing equipment exports rose notably to $16M in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 61%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.5 | 4.1 | 7.9 | 6.8 | 138.7% |
| Angola | 3.3 | 4.1 | 2.9 | 5.3 | 17.1% |
| Ireland | 0.2 | 0.3 | 0.6 | 0.9 | 65.1% |
| Netherlands | 0.5 | 0.3 | 0.6 | 0.7 | 11.9% |
| Spain | 1.0 | 1.0 | 1.0 | 0.5 | -20.6% |
| Cabo Verde | 0.2 | N/A | 0.2 | 0.2 | 0.0% |
| United Kingdom | 0.4 | 0.3 | 0.3 | 0.1 | -37.0% |
| Morocco | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Mozambique | 0.2 | 0.6 | 0.1 | 0.1 | -20.6% |
| Others | 1.3 | 1.4 | 1.2 | 0.8 | -14.9% |
| Total | 7.5 | 12.1 | 14.8 | 15.5 | 27.4% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Portugal in 2022:
- Germany (42.7K units)
- Angola (28.4K units)
- Ireland (5.2K units)
- Netherlands (4.4K units)
- Spain (3.2K units)
- Cabo Verde (1.8K units)
- Morocco (1.4K units)
- Mozambique (1.2K units)
- United Kingdom (0.7K units)
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