Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the UK - 2023
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the UK (CIF) - 2023
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the UK (FOB) - 2023
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the UK
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the UK
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the UK (CIF) - 2023
In December 2023, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $68.5 per unit, with a decrease of -1.9% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 13% m-o-m. As a result, import price attained the peak level of $75.7 per unit. From September 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($217 per unit), while the price for Turkey ($25.4 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+7.2%), 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 the UK (FOB) - 2023
In December 2023, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $106 per unit, rising by 6.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in July 2023 an increase of 36% month-to-month. The export price peaked at $114 per unit in January 2023; however, from February 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Saudi Arabia ($388 per unit), while the average price for exports to Equatorial Guinea ($10.9 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.8%), 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 the UK
In 2022, the amount of refrigerating or freezing equipment; parts thereof, other than furniture imported into the UK soared to 3.6M units, growing by 25% against 2021 figures. In general, imports, however, saw a noticeable downturn. Imports peaked at 3.9M 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 skyrocketed to $228M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 19.4 | 18.2 | 25.2 | 35.1 | 21.9% |
| Italy | 33.7 | 25.2 | 30.3 | 22.1 | -13.1% |
| China | 12.5 | 9.5 | 15.4 | 21.7 | 20.2% |
| Germany | 22.9 | 20.0 | 15.9 | 16.5 | -10.4% |
| Thailand | 3.1 | 2.1 | 2.2 | 15.1 | 69.5% |
| France | 7.1 | 11.1 | 8.6 | 13.8 | 24.8% |
| Turkey | 9.5 | 7.9 | 8.7 | 9.6 | 0.3% |
| Czech Republic | 9.9 | 16.9 | 4.5 | 8.7 | -4.2% |
| Poland | 3.2 | 3.2 | 4.4 | 8.6 | 39.0% |
| India | 0.5 | 0.3 | 2.5 | 8.5 | 157.1% |
| Netherlands | 10.9 | 7.9 | 12.6 | 7.7 | -10.9% |
| Spain | 1.9 | 4.0 | 6.3 | 6.8 | 53.0% |
| South Korea | 2.1 | 2.1 | 2.8 | 3.9 | 22.9% |
| Others | 66.3 | 53.5 | 57.3 | 50.3 | -8.8% |
| Total | 203 | 182 | 197 | 228 | 3.9% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to the UK in 2022:
- Italy (467.0K units)
- China (434.2K units)
- Turkey (407.4K units)
- Japan (279.1K units)
- France (260.7K units)
- Czech Republic (259.8K units)
- Thailand (222.0K units)
- India (180.7K units)
- Poland (170.6K units)
- Spain (113.5K units)
- Netherlands (93.8K units)
- Germany (93.6K units)
- South Korea (74.0K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the UK
In 2022, exports of refrigerating or freezing equipment; parts thereof, other than furniture from the UK skyrocketed to 1.4M units, jumping by 17% compared with the year before. The total export volume increased at an average annual rate of +13.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached 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 rose sharply to $77M in 2022. The total export value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 15%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.5 | 5.7 | 5.6 | 12.5 | 52.9% |
| France | 4.6 | 5.5 | 13.8 | 12.4 | 39.2% |
| Germany | 5.6 | 8.1 | 7.3 | 6.7 | 6.2% |
| United States | 4.5 | 4.0 | 7.7 | 6.5 | 13.0% |
| Ireland | 7.0 | 6.3 | 4.3 | 6.5 | -2.4% |
| Denmark | 3.1 | 3.4 | 1.6 | 2.3 | -9.5% |
| Italy | 5.6 | 4.3 | 3.2 | 2.2 | -26.8% |
| Belgium | 1.9 | 2.4 | 2.1 | 2.1 | 3.4% |
| Australia | 0.8 | 0.8 | 0.6 | 1.9 | 33.4% |
| Greece | 0.3 | 0.3 | 0.8 | 1.3 | 63.0% |
| Turkey | 0.5 | 0.3 | 1.1 | 1.2 | 33.9% |
| India | 0.5 | 0.7 | 1.4 | 1.1 | 30.1% |
| Lithuania | 0.1 | 0.1 | 0.1 | 1.0 | 115.4% |
| Others | 26.1 | 18.7 | 20.1 | 19.0 | -10.0% |
| Total | 64.0 | 60.6 | 69.8 | 76.5 | 6.1% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from the UK in 2022:
- Netherlands (326.5K units)
- Ireland (214.5K units)
- France (185.9K units)
- United States (105.5K units)
- Germany (90.0K units)
- Australia (48.1K units)
- Denmark (34.3K units)
- Belgium (29.8K units)
- India (26.2K units)
- Italy (26.1K units)
- Greece (24.8K units)
- Turkey (24.1K units)
- Lithuania (22.7K units)
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