Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Japan - 2023
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Japan (CIF) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Japan (FOB) - 2023
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Japan
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Japan
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Japan (CIF) - 2022
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $37 per unit in 2022, standing approx. at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 8.4%. As a result, import price reached the peak level of $38 per unit, leveling off in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($76 per unit), while the price for Vietnam ($27 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.7%), 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 Japan (FOB) - 2023
In November 2023, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $173 per unit, which is down by -18.3% against the previous month. Overall, the export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 8.8% against the previous month. The export price peaked at $238 per unit in February 2023; however, from March 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was the United States ($287 per unit), while the average price for exports to Vietnam ($47.6 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 Taiwan (Chinese) (+4.8%), 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 Japan
In 2022, imports of refrigerating or freezing equipment; parts thereof, other than furniture into Japan shrank slightly to 4.8M units, which is down by -1.7% compared with the previous year. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of 4.8M units, and then declined slightly in the following year.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture shrank to $177M in 2022. The total import value increased at an average annual rate of +6.7% 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 imports increased by 30% against the previous year. As a result, imports attained the peak of $182M, and then fell in the following year.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 76.6 | 73.9 | 101 | 96.3 | 7.9% |
| Thailand | 14.4 | 16.9 | 24.3 | 20.2 | 11.9% |
| South Korea | 11.7 | 11.9 | 13.8 | 12.9 | 3.3% |
| Indonesia | 4.4 | 5.5 | 4.8 | 8.5 | 24.5% |
| Philippines | 13.9 | 10.0 | 10.6 | 8.1 | -16.5% |
| Vietnam | 5.2 | 6.4 | 6.5 | 7.3 | 12.0% |
| Others | 20.0 | 15.1 | 20.6 | 24.0 | 6.3% |
| Total | 146 | 140 | 182 | 177 | 6.6% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Japan in 2022:
- China (3231.2K units)
- Thailand (598.3K units)
- South Korea (319.0K units)
- Vietnam (266.9K units)
- Philippines (111.7K units)
- Indonesia (111.5K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Japan
In 2022, the amount of refrigerating or freezing equipment; parts thereof, other than furniture exported from Japan fell modestly to 491K units, shrinking by -2.8% compared with the year before. In general, exports recorded a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 0.1% against the previous year. The exports peaked at 583K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture shrank modestly to $97M in 2022. The total export value increased at an average annual rate of +8.1% over the period from 2019 to 2022; 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 21%. As a result, the exports reached the peak of $98M, and then shrank slightly in the following year.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.2 | 26.7 | 43.2 | 36.4 | 7.6% |
| Germany | 9.0 | 11.2 | 11.0 | 13.3 | 13.9% |
| China | 8.7 | 9.4 | 9.5 | 11.4 | 9.4% |
| United Kingdom | 5.0 | 6.2 | 8.0 | 11.3 | 31.2% |
| Thailand | 8.8 | 6.0 | 6.1 | 4.2 | -21.9% |
| Taiwan (Chinese) | 2.3 | 2.6 | 4.3 | 3.0 | 9.3% |
| Singapore | 0.9 | 0.9 | 1.6 | 1.7 | 23.6% |
| Italy | 0.2 | 0.2 | 0.4 | 1.5 | 95.7% |
| Vietnam | 0.4 | 1.4 | 1.3 | 0.6 | 14.5% |
| Others | 12.4 | 16.1 | 12.7 | 13.5 | 2.9% |
| Total | 76.8 | 80.8 | 98.0 | 96.9 | 8.1% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Japan in 2022:
- United States (140.4K units)
- Germany (76.3K units)
- Thailand (65.8K units)
- China (60.0K units)
- United Kingdom (29.2K units)
- Taiwan (Chinese) (21.9K units)
- Vietnam (20.5K units)
- Singapore (12.4K units)
- Italy (7.5K units)
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