Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belgium - 2023
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belgium (CIF) - 2023
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belgium (FOB) - 2023
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belgium
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belgium
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belgium (CIF) - 2023
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $53.1 per unit in November 2023, growing by 104% against the previous month. Overall, import price indicated modest growth from November 2022 to November 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for refrigerating or freezing equipment; parts thereof, other than furniture increased by +103.6% against October 2023 indices. Over the period under review, average import prices attained the maximum at $54.4 per unit in August 2023; however, from September 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($85.8 per unit), while the price for France ($21.7 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belgium (FOB) - 2023
The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $43.6 per unit in November 2023, growing by 3.3% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 20% month-to-month. The export price peaked at $51.1 per unit in May 2023; however, from June 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($74.4 per unit), while the average price for exports to Cameroon ($4.7 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belgium
In 2022, imports of refrigerating or freezing equipment; parts thereof, other than furniture into Belgium skyrocketed to 5M units, increasing by 42% against the previous year. The total import volume increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture soared to $205M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.3 | 6.2 | 17.6 | 54.9 | 467.7% |
| China | 3.5 | 5.4 | 12.2 | 34.8 | 115.0% |
| Germany | 18.8 | 29.4 | 33.6 | 33.9 | 21.7% |
| France | 36.3 | 27.6 | 31.8 | 29.1 | -7.1% |
| Netherlands | 17.7 | 19.4 | 20.3 | 16.8 | -1.7% |
| Italy | 11.1 | 8.4 | 9.8 | 10.4 | -2.1% |
| Poland | 6.7 | 8.4 | 3.9 | 4.1 | -15.1% |
| Spain | 6.2 | 2.7 | 2.6 | 2.0 | -31.4% |
| Ireland | 8.9 | 8.9 | 9.6 | 1.8 | -41.3% |
| Others | 18.0 | 15.2 | 21.0 | 16.9 | -2.1% |
| Total | 127 | 132 | 162 | 205 | 17.3% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Belgium in 2022:
- France (1548.6K units)
- Thailand (1198.3K units)
- China (855.4K units)
- Germany (438.2K units)
- Netherlands (377.3K units)
- Italy (188.3K units)
- Poland (100.0K units)
- Spain (19.0K units)
- Ireland (11.6K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belgium
In 2022, the amount of refrigerating or freezing equipment; parts thereof, other than furniture exported from Belgium skyrocketed to 4.1M units, rising by 36% on the previous year. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% 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 +59.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture skyrocketed to $170M in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 17.1 | 23.0 | 43.0 | 103 | 81.9% |
| Netherlands | 19.9 | 18.9 | 27.3 | 27.8 | 11.8% |
| Germany | 18.8 | 13.1 | 11.3 | 10.7 | -17.1% |
| Poland | 3.6 | 2.7 | 2.7 | 2.8 | -8.0% |
| Denmark | 1.9 | 1.7 | 1.6 | 2.2 | 5.0% |
| Others | 30.2 | 25.8 | 27.1 | 23.6 | -7.9% |
| Total | 91.4 | 85.3 | 113 | 170 | 23.0% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Belgium in 2022:
- France (2442.4K units)
- Netherlands (636.5K units)
- Germany (240.1K units)
- Poland (114.1K units)
- Denmark (80.8K units)
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