Price for Non-Furniture Refrigerating or Freezing Equipment in Slovakia - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Slovakia (CIF) - 2023
- Price for Non-Furniture Refrigerating or Freezing Equipment in Slovakia (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Slovakia
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Slovakia
Price for Non-Furniture Refrigerating or Freezing Equipment in Slovakia (CIF) - 2023
In July 2023, the average import price for non-furniture refrigerating or freezing equipment amounted to $312 per unit, picking up by 135% against the previous month. Overall, the import price continues to indicate modest growth. The import price peaked at $543 per unit in February 2023; however, from March 2023 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($498 per unit), while the price for Turkey ($48.1 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 Poland (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Slovakia (FOB) - 2022
In 2022, the average export price for non-furniture refrigerating or freezing equipment amounted to $3,230 per unit, surging by 1,865% against the previous year. Over the period under review, the export price posted significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($192 per unit), while the average price for exports to Denmark ($24 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 the Czech Republic (+2.6%), while the prices for the other major destinations experienced a decline.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Slovakia
For the fourth year in a row, Slovakia recorded growth in supplies from abroad of non-furniture refrigerating or freezing equipment, which increased by 23% to 86K units in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment imports skyrocketed to $22M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.3 | 4.4 | 2.2 | 2.8 | 29.1% |
| Czech Republic | 2.2 | 2.6 | 3.3 | 2.1 | -1.5% |
| China | 0.6 | 0.8 | 1.2 | 1.8 | 44.2% |
| Italy | 1.2 | 0.8 | 3.3 | 1.4 | 5.3% |
| Spain | 1.0 | 0.8 | 0.9 | 0.9 | -3.5% |
| Austria | 0.2 | 0.7 | 0.3 | 0.7 | 51.8% |
| United Kingdom | N/A | N/A | N/A | 0.4 | 0% |
| Netherlands | 0.2 | 0.2 | 0.1 | 0.3 | 14.5% |
| Poland | 0.2 | 0.4 | 0.4 | 0.3 | 14.5% |
| Hungary | 0.3 | 0.1 | 0.7 | 0.3 | 0.0% |
| Romania | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Ireland | 0.9 | 0.9 | 0.4 | N/A | -33.3% |
| Malta | 2.2 | 4.5 | N/A | N/A | 104.5% |
| Others | 2.9 | 2.4 | 3.3 | 10.5 | 53.6% |
| Total | 13.3 | 18.7 | 16.5 | 21.6 | 17.5% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Slovakia in 2022:
- China (10.6K units)
- Germany (8.1K units)
- Italy (6.6K units)
- Czech Republic (6.6K units)
- Austria (3.3K units)
- Romania (2.8K units)
- Spain (1.7K units)
- Poland (1.6K units)
- Hungary (1.5K units)
- Netherlands (1.3K units)
- United Kingdom (1.3K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Slovakia
In 2022, shipments abroad of non-furniture refrigerating or freezing equipment decreased by -5.2% to 22K units, falling for the second consecutive year after two years of growth. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 5% against the previous year. As a result, the exports attained the peak of 30K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, non-furniture refrigerating or freezing equipment exports surged to $70M in 2022. Over the period under review, exports, however, continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | N/A | 25.8 | 0% |
| Czech Republic | 0.5 | 0.9 | 0.9 | 19.2 | 237.4% |
| Germany | N/A | 0.1 | 0.4 | 6.8 | 724.6% |
| France | N/A | N/A | 0.2 | 3.8 | 1800.0% |
| Poland | 1.6 | 1.3 | 0.5 | 1.4 | -4.4% |
| Belgium | 0.5 | 0.5 | 0.4 | 0.7 | 11.9% |
| Others | 0.9 | 1.0 | 1.4 | 12.6 | 141.0% |
| Total | 3.6 | 3.7 | 3.8 | 70.3 | 169.3% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Slovakia in 2022:
- Denmark (1062.2K units)
- Czech Republic (100.2K units)
- Germany (50.4K units)
- France (23.9K units)
- Poland (14.6K units)
- Belgium (9.2K units)
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