Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Estonia - 2023

Contents:

1. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Estonia (FOB) - 2023
2. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Estonia (CIF) - 2023
3. Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Estonia
4. Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Estonia

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Estonia (FOB) - 2023

The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $23.6 per unit in November 2023, increasing by 30% against the previous month. In general, export price indicated a slight expansion from November 2022 to November 2023: its price increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for refrigerating or freezing equipment; parts thereof, other than furniture increased by +53.6% against August 2023 indices. The most prominent rate of growth was recorded in May 2023 an increase of 65% m-o-m. As a result, the export price reached the peak level of $28.2 per unit. From June 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Sweden ($222 per unit), while the average price for exports to Norway ($12.0 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 Sweden (+13.3%), while the prices for the other major destinations experienced a decline.

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Estonia (CIF) - 2023

The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $119 per unit in November 2023, reducing by -22.5% against the previous month. In general, the import price, however, recorded a notable increase. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 81% against the previous month. Over the period under review, average import prices hit record highs at $154 per unit in October 2023, and then shrank sharply in the following month.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Poland ($134 per unit), while the price for Italy ($33.8 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 (+9.1%), 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 Estonia

In 2022, approx. 442K units of refrigerating or freezing equipment; parts thereof, other than furniture were exported from Estonia; reducing by -9.5% against 2021 figures. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17%. As a result, the exports attained the peak of 488K units, and then dropped in the following year.

In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture declined to $7.3M in 2022. The total export value increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. As a result, the exports attained the peak of $7.7M, and then contracted in the following year.

Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Estonia in 2022:

1. Finland (389.9K units)
2. Sweden (17.2K units)
3. Netherlands (11.9K units)
4. Norway (9.6K units)
5. Latvia (6.7K units)
6. Russia (5.1K units)

Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Estonia

In 2022, approx. 91K units of refrigerating or freezing equipment; parts thereof, other than furniture were imported into Estonia; increasing by 7.1% against 2021. Overall, imports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Over the period under review, imports of attained the peak figure at 103K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture rose slightly to $6.7M in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, imports of hit record highs at $6.9M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Estonia in 2022:

1. Latvia (20.2K units)
2. Austria (13.7K units)
3. Germany (11.5K units)
4. Italy (9.1K units)
5. Czech Republic (7.8K units)
6. Poland (5.5K units)
7. Belgium (3.6K units)
8. Lithuania (3.5K units)
9. Finland (3.0K units)
10. United Kingdom (3.0K units)
11. France (2.2K units)
12. Denmark (2.0K units)
13. Netherlands (1.4K units)

Source: IndexBox Market Intelligence Platform