Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Canada - 2024
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Canada (FOB) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Canada (CIF) - 2022
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Canada
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Canada
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Canada (FOB) - 2022
The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $54 per unit in 2022, reducing by -20.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 22%. As a result, the export price attained the peak level of $68 per unit, and then reduced remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.1% per year.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Canada (CIF) - 2022
In 2022, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $63 per unit, growing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($63 per unit) and the United States ($63 per unit), while the price for Thailand ($63 per unit) and South Korea ($63 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Canada
In 2022, shipments abroad of refrigerating or freezing equipment; parts thereof, other than furniture was finally on the rise to reach 4M units after two years of decline. Over the period under review, exports enjoyed significant growth. 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 soared to $217M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 107 | 108 | 113 | 214 | 26.0% |
| Others | 3.0 | 3.2 | 1.0 | 3.6 | 6.3% |
| Total | 110 | 111 | 114 | 217 | 25.4% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Canada in 2022:
- United States (4.0M units)
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Canada
Imports of refrigerating or freezing equipment; parts thereof, other than furniture into Canada reached 2M units in 2022, standing approx. at the previous year. Overall, imports, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 16%. Over the period under review, imports of attained the maximum at 2.2M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture totaled $126M in 2022. The total import value increased at an average annual rate of +4.9% 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 with an increase of 22% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 66.2 | 51.0 | 63.2 | 71.7 | 2.7% |
| China | 15.7 | 12.9 | 20.1 | 18.9 | 6.4% |
| Mexico | 9.5 | 9.5 | 11.8 | 11.3 | 6.0% |
| Turkey | 1.4 | 2.3 | 3.1 | 4.7 | 49.7% |
| South Korea | 4.4 | 4.1 | 3.5 | 3.9 | -3.9% |
| Italy | 3.5 | 2.7 | 2.3 | 2.9 | -6.1% |
| Thailand | 1.0 | 1.0 | 1.3 | 1.9 | 23.9% |
| Others | 7.3 | 8.8 | 7.5 | 10.5 | 12.9% |
| Total | 109 | 92.3 | 113 | 126 | 4.9% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Canada in 2022:
- United States (1144.7K units)
- China (301.3K units)
- Mexico (181.0K units)
- Turkey (75.5K units)
- South Korea (62.0K units)
- Italy (47.0K units)
- Thailand (31.0K units)
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