Price for Non-Furniture Refrigerating or Freezing Equipment in Spain - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Spain (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Spain (FOB) - 2023
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Spain
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Spain
Price for Non-Furniture Refrigerating or Freezing Equipment in Spain (CIF) - 2022
The average import price for non-furniture refrigerating or freezing equipment stood at $196 per unit in 2022, declining by -1.8% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 16% against the previous year. The import price peaked at $214 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($247 per unit), while the price for China ($134 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Spain (FOB) - 2023
The average export price for non-furniture refrigerating or freezing equipment stood at $305 per unit in July 2023, with an increase of 6.2% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.1%. The pace of growth was the most pronounced in September 2022 when the average export price increased by 29% against the previous month. Over the period under review, the average export prices reached the peak figure in July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($802 per unit), while the average price for exports to Venezuela ($28.5 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 Australia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Spain
In 2022, non-furniture refrigerating or freezing equipment imports into Spain rose sharply to 1.2M units, increasing by 12% on the year before. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment imports expanded remarkably to $233M in 2022. The total import value increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 40.2 | 31.4 | 48.6 | 57.2 | 12.5% |
| Ireland | 37.1 | 30.1 | 44.8 | 53.6 | 13.0% |
| France | 20.6 | 23.8 | 27.4 | 26.7 | 9.0% |
| China | 16.6 | 23.3 | 26.3 | 21.3 | 8.7% |
| Belgium | 15.0 | 9.4 | 12.5 | 19.7 | 9.5% |
| Germany | 13.2 | 13.9 | 17.4 | 19.0 | 12.9% |
| Netherlands | 13.4 | 4.3 | 3.4 | 4.1 | -32.6% |
| Portugal | 5.0 | 2.1 | 3.7 | 4.1 | -6.4% |
| Others | 27.3 | 20.4 | 27.1 | 27.1 | -0.2% |
| Total | 188 | 159 | 211 | 233 | 7.4% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Spain in 2022:
- Italy (316.6K units)
- Ireland (217.2K units)
- China (158.7K units)
- France (153.6K units)
- Germany (103.4K units)
- Belgium (95.1K units)
- Portugal (22.8K units)
- Netherlands (18.6K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Spain
In 2022, approx. 809K units of non-furniture refrigerating or freezing equipment were exported from Spain; increasing by 4.4% against 2021 figures. The total export volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, non-furniture refrigerating or freezing equipment exports contracted to $189M in 2022. The total export value increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 41% against the previous year. As a result, the exports reached the peak of $195M, and then dropped in the following year.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 21.7 | 23.6 | 37.0 | 33.3 | 15.3% |
| Sweden | 8.2 | 6.0 | 10.4 | 21.6 | 38.1% |
| Germany | 12.8 | 14.1 | 16.6 | 19.1 | 14.3% |
| Portugal | 14.9 | 13.3 | 15.5 | 17.5 | 5.5% |
| Italy | 7.1 | 7.1 | 9.1 | 11.2 | 16.4% |
| Mexico | 6.5 | 3.9 | 19.6 | 7.4 | 4.4% |
| United States | 3.7 | 3.0 | 4.1 | 7.0 | 23.7% |
| Poland | 4.9 | 4.2 | 6.9 | 7.0 | 12.6% |
| United Kingdom | 8.5 | 6.2 | 7.0 | 6.3 | -9.5% |
| Saudi Arabia | 3.7 | 3.4 | 4.0 | 5.7 | 15.5% |
| Belgium | 4.0 | 5.4 | 6.6 | 4.4 | 3.2% |
| Morocco | 6.6 | 1.2 | 3.1 | 3.6 | -18.3% |
| Turkey | 0.8 | 0.5 | 3.1 | 2.5 | 46.2% |
| Others | 49.3 | 46.8 | 52.1 | 42.1 | -5.1% |
| Total | 153 | 139 | 195 | 189 | 7.3% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Spain in 2022:
- France (187.7K units)
- Germany (136.6K units)
- Portugal (75.7K units)
- Italy (49.0K units)
- Mexico (33.9K units)
- Sweden (33.5K units)
- Morocco (22.9K units)
- United Kingdom (22.7K units)
- Turkey (20.3K units)
- United States (20.0K units)
- Belgium (19.3K units)
- Poland (17.4K units)
- Saudi Arabia (15.5K units)
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