Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Denmark - 2023
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Denmark (CIF) - 2023
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Denmark (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Denmark
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Denmark
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Denmark (CIF) - 2023
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $24.9 per unit in November 2023, declining by -20.7% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 70% against the previous month. The import price peaked at $70.3 per unit in April 2023; however, from May 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Sweden ($131 per unit), while the price for Italy ($9.4 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 the Czech Republic (+3.4%), 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 Denmark (FOB) - 2022
The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $68 per unit in 2022, with a decrease of -25.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2013 when the average export price increased by 20%. The export price peaked at $139 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($130 per unit), while the average price for exports to Hungary ($15 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 Italy (-1.5%), while the prices for the other major destinations experienced a decline.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Denmark
In 2022, the amount of refrigerating or freezing equipment; parts thereof, other than furniture imported into Denmark surged to 3.1M units, picking up by 18% on the previous year. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.0% 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 +60.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture shrank to $131M in 2022. The total import value increased at an average annual rate of +8.3% 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 with an increase of 18%. As a result, imports reached the peak of $135M, and then fell slightly in the following year.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 25.8 | 27.4 | 28.7 | 28.2 | 3.0% |
| China | 15.5 | 10.7 | 18.2 | 18.1 | 5.3% |
| Germany | 23.6 | 19.2 | 28.3 | 17.9 | -8.8% |
| India | 4.0 | 15.2 | 11.9 | 13.2 | 48.9% |
| Sweden | 6.5 | 6.4 | 9.3 | 12.8 | 25.3% |
| Poland | 2.9 | 3.6 | 6.2 | 7.3 | 36.0% |
| Czech Republic | 1.7 | 1.8 | 2.8 | 4.2 | 35.2% |
| Lithuania | 1.3 | 1.1 | 1.7 | 0.8 | -14.9% |
| Others | 21.4 | 29.7 | 28.1 | 28.2 | 9.6% |
| Total | 103 | 115 | 135 | 131 | 8.3% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Denmark in 2022:
- Italy (1395.5K units)
- China (380.5K units)
- Germany (357.0K units)
- India (244.8K units)
- Poland (146.1K units)
- Sweden (115.3K units)
- Czech Republic (49.7K units)
- Lithuania (29.2K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Denmark
In 2022, exports of refrigerating or freezing equipment; parts thereof, other than furniture from Denmark soared to 1.7M units, picking up by 57% on 2021. Overall, exports saw a significant expansion. 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 $113M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 21%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 14.2 | 10.6 | 12.0 | 13.5 | -1.7% |
| Germany | 6.9 | 6.5 | 7.2 | 11.4 | 18.2% |
| United States | 1.6 | 8.2 | 12.6 | 9.5 | 81.1% |
| France | 5.2 | 6.5 | 9.1 | 8.4 | 17.3% |
| United Kingdom | 3.8 | 4.0 | 6.9 | 6.9 | 22.0% |
| Netherlands | 2.1 | 1.8 | 2.1 | 5.7 | 39.5% |
| Italy | 1.8 | 2.8 | 1.1 | 5.2 | 42.4% |
| Spain | 2.8 | 2.7 | 4.2 | 5.2 | 22.9% |
| Poland | 1.7 | 1.1 | 1.1 | 5.1 | 44.2% |
| Norway | 2.8 | 2.7 | 3.3 | 3.3 | 5.6% |
| Turkey | 0.5 | 0.6 | 3.3 | 2.6 | 73.2% |
| Finland | 1.4 | 1.8 | 2.0 | 2.5 | 21.3% |
| Hungary | 0.6 | 0.6 | 1.0 | 1.4 | 32.6% |
| Others | 25.2 | 30.3 | 30.9 | 32.2 | 8.5% |
| Total | 70.7 | 80.2 | 96.8 | 113 | 16.9% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Denmark in 2022:
- Germany (199.9K units)
- Sweden (175.1K units)
- United Kingdom (164.2K units)
- France (110.3K units)
- Poland (109.9K units)
- Hungary (90.6K units)
- Spain (84.4K units)
- Italy (77.7K units)
- United States (73.1K units)
- Netherlands (73.1K units)
- Norway (53.9K units)
- Turkey (33.6K units)
- Finland (30.1K units)
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