Price for Non-Furniture Refrigerating or Freezing Equipment in Russia - 2022
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Russia (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Russia (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Russia
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Russia
Price for Non-Furniture Refrigerating or Freezing Equipment in Russia (CIF) - 2022
The average import price for non-furniture refrigerating or freezing equipment stood at $134 per unit in January 2022, reducing by -2.9% against the previous month. In general, import price indicated a mild expansion from January 2021 to January 2022: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, non-furniture refrigerating or freezing equipment import price increased by +2.3% against November 2021 indices. The most prominent rate of growth was recorded in March 2021 an increase of 86% month-to-month. Over the period under review, average import prices attained the peak figure at $223 per unit in October 2021; however, from November 2021 to January 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Italy ($219 per unit), while the price for Chile ($19.8 per unit) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Russia (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $260 per unit in 2022, with an increase of 33% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 export price increased by +67.7% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($675 per unit), while the average price for exports to Armenia ($68 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Russia
Non-furniture refrigerating or freezing equipment imports into Russia contracted significantly to 808K units in 2022, dropping by -42.9% against the previous year. Overall, imports showed a dramatic decrease. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs at 1.6M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, non-furniture refrigerating or freezing equipment imports shrank dramatically to $165M in 2022. Over the period under review, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 16%. Over the period under review, imports hit record highs at $314M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.9 | 15.2 | 31.7 | 49.5 | 33.3% |
| Italy | 19.0 | 17.9 | 23.6 | 15.2 | -7.2% |
| Turkey | 2.4 | 3.0 | 3.6 | 10.3 | 62.5% |
| South Korea | 3.5 | 3.8 | 5.6 | 6.7 | 24.2% |
| India | 0.7 | 0.6 | 2.2 | 6.4 | 109.1% |
| Serbia | N/A | 1.3 | 3.1 | 5.1 | 98.1% |
| Germany | 23.8 | 20.3 | 18.5 | 4.9 | -41.0% |
| Poland | 4.5 | 8.4 | 10.5 | 4.0 | -3.9% |
| France | 11.6 | 7.9 | 10.7 | 3.9 | -30.5% |
| Lithuania | 19.6 | 12.7 | 12.9 | 3.3 | -44.8% |
| Ireland | 13.3 | 4.3 | N/A | 2.1 | -46.0% |
| Others | 195 | 163 | 176 | 54.1 | -34.8% |
| Total | 314 | 258 | 298 | 165 | -19.3% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Russia in 2022:
- China (304.5K units)
- Italy (73.8K units)
- Turkey (59.8K units)
- South Korea (31.6K units)
- France (22.6K units)
- India (18.6K units)
- Germany (17.7K units)
- Serbia (16.5K units)
- Poland (16.4K units)
- Lithuania (13.0K units)
- Ireland (0.9K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Russia
Non-furniture refrigerating or freezing equipment exports from Russia dropped markedly to 117K units in 2022, shrinking by -46.8% compared with 2021. Over the period under review, exports faced a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 3.2% against the previous year. Over the period under review, the exports reached the maximum at 259K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, non-furniture refrigerating or freezing equipment exports declined markedly to $30M in 2022. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. As a result, the exports attained the peak of $43M, and then shrank sharply in the following year.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 7.6 | 9.3 | 9.7 | 6.4 | -5.6% |
| Germany | 5.2 | 5.0 | 5.9 | 4.5 | -4.7% |
| South Korea | 2.9 | 2.6 | 3.3 | 2.4 | -6.1% |
| Uzbekistan | 2.3 | 2.0 | 1.1 | 2.2 | -1.5% |
| Romania | N/A | N/A | N/A | 2.0 | 0% |
| Armenia | 0.6 | 0.5 | 0.5 | 0.9 | 14.5% |
| Kyrgyzstan | 0.2 | 0.1 | 0.6 | 0.7 | 51.8% |
| United States | 1.6 | 1.0 | 0.7 | 0.7 | -24.1% |
| Turkey | 0.2 | N/A | N/A | 0.6 | 44.2% |
| Azerbaijan | 0.3 | 1.2 | 0.9 | 0.4 | 10.1% |
| Tajikistan | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| Belarus | 8.1 | 5.4 | 7.0 | N/A | -7.0% |
| Ukraine | 0.9 | 0.7 | 0.6 | N/A | -18.4% |
| Others | 9.9 | 9.4 | 12.2 | 9.3 | -2.1% |
| Total | 40.1 | 37.2 | 42.7 | 30.3 | -8.9% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Russia in 2022:
- Kazakhstan (43.5K units)
- Armenia (12.6K units)
- Uzbekistan (8.9K units)
- Kyrgyzstan (8.6K units)
- Germany (6.6K units)
- South Korea (4.3K units)
- Romania (3.7K units)
- Turkey (3.6K units)
- Tajikistan (2.9K units)
- United States (2.6K units)
- Azerbaijan (2.5K units)
- Ukraine (0.2K units)
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