Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Spain - 2023
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Spain (CIF) - 2023
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Spain (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Spain
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Spain
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Spain (CIF) - 2023
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $30.8 per unit in November 2023, falling by -36.3% against the previous month. In general, the import price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in September 2023 an increase of 12% against the previous month. As a result, import price reached the peak level of $49.4 per unit. From October 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($55.2 per unit), while the price for France ($9.6 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 Turkey (+5.1%), 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 Spain (FOB) - 2022
The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $51 per unit in 2022, increasing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2019 an increase of 39%. As a result, the export price reached the peak level of $54 per unit. From 2020 to 2022, the average 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 Ecuador ($83 per unit), while the average price for exports to Morocco ($20 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 Ecuador (+7.4%), 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 Spain
After three years of growth, purchases abroad of refrigerating or freezing equipment; parts thereof, other than furniture decreased by -1.9% to 5.3M units in 2022. The total import volume increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. Imports peaked at 5.4M units in 2021, and then declined in the following year.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture shrank to $197M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of $217M, and then reduced in the following year.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 46.4 | 44.0 | 48.0 | 43.4 | -2.2% |
| China | 18.5 | 15.4 | 25.6 | 28.3 | 15.2% |
| Germany | 18.5 | 18.9 | 23.2 | 22.7 | 7.1% |
| France | 17.2 | 11.9 | 16.1 | 14.0 | -6.6% |
| Czech Republic | 21.9 | 32.1 | 22.4 | 12.8 | -16.4% |
| Turkey | 6.0 | 4.8 | 8.7 | 9.7 | 17.4% |
| Poland | 7.4 | 5.8 | 6.4 | 8.8 | 5.9% |
| Portugal | 3.1 | 5.3 | 6.3 | 8.7 | 41.1% |
| Hungary | 7.2 | 2.4 | 6.5 | 2.7 | -27.9% |
| Others | 50.1 | 53.3 | 53.8 | 46.3 | -2.6% |
| Total | 196 | 194 | 217 | 197 | 0.2% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Spain in 2022:
- Italy (1075.8K units)
- Germany (976.8K units)
- China (774.8K units)
- Portugal (525.6K units)
- Turkey (332.7K units)
- Czech Republic (323.1K units)
- France (297.2K units)
- Poland (247.6K units)
- Hungary (65.5K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Spain
In 2022, shipments abroad of refrigerating or freezing equipment; parts thereof, other than furniture decreased by -4.2% to 2.3M units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 3.1% against the previous year. As a result, the exports attained the peak of 2.5M units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture rose rapidly to $121M in 2022. In general, exports saw a noticeable slump. Over the period under review, the exports of attained the maximum at $130M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 39.0 | 25.2 | 20.9 | 27.7 | -10.8% |
| Portugal | 18.2 | 20.9 | 19.8 | 17.1 | -2.1% |
| Italy | 3.0 | 5.3 | 8.7 | 9.6 | 47.4% |
| United Kingdom | 2.1 | 2.8 | 6.2 | 7.8 | 54.9% |
| Morocco | 7.3 | 3.5 | 6.1 | 5.4 | -9.6% |
| Germany | 4.0 | 2.6 | 2.9 | 5.1 | 8.4% |
| Cuba | 9.2 | 5.1 | 4.7 | 4.0 | -24.2% |
| Saudi Arabia | 0.9 | 0.7 | 1.3 | 3.4 | 55.7% |
| Ecuador | 0.4 | 0.4 | 0.8 | 3.1 | 97.9% |
| Dominican Republic | 2.9 | 1.5 | 2.5 | 2.7 | -2.4% |
| Denmark | 0.9 | 1.1 | 2.3 | 2.1 | 32.6% |
| Sweden | 1.0 | 0.7 | 0.8 | 1.5 | 14.5% |
| Turkey | 1.2 | 1.4 | 1.4 | 1.4 | 5.3% |
| Others | 40.2 | 28.7 | 29.6 | 29.6 | -9.7% |
| Total | 130 | 100 | 108 | 121 | -2.4% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Spain in 2022:
- France (527.6K units)
- Portugal (301.1K units)
- Morocco (266.5K units)
- Italy (161.7K units)
- Germany (135.8K units)
- United Kingdom (95.8K units)
- Cuba (74.9K units)
- Saudi Arabia (50.8K units)
- Dominican Republic (45.6K units)
- Turkey (40.5K units)
- Denmark (39.6K units)
- Ecuador (36.9K units)
- Sweden (36.6K units)
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