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

Contents:

1. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ukraine (CIF) - 2023
2. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ukraine (FOB) - 2022
3. Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ukraine
4. Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ukraine

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

The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $43.2 per unit in December 2023, rising by 5.8% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 45% against the previous month. As a result, import price reached the peak level of $61.5 per unit. From March 2023 to December 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Hungary ($73.5 per unit), while the price for China ($27.2 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 Germany (+7.5%), 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 Ukraine (FOB) - 2022

In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $32 per unit, picking up by 26% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for refrigerating or freezing equipment; parts thereof, other than furniture increased by +69.2% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($81 per unit), while the average price for exports to Romania ($11 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 Belgium (+19.4%), 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 Ukraine

After three years of growth, supplies from abroad of refrigerating or freezing equipment; parts thereof, other than furniture decreased by -57.1% to 428K units in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 when imports increased by 25%. Over the period under review, imports of hit record highs at 999K units in 2021, and then shrank notably in the following year.

In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture shrank markedly to $17M in 2022. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of $34M, and then declined dramatically in the following year.

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

1. China (132.7K units)
2. Turkey (79.2K units)
3. Poland (49.0K units)
4. Italy (36.3K units)
5. Czech Republic (23.0K units)
6. Belgium (18.6K units)
7. Germany (18.2K units)
8. Hungary (16.1K units)
9. Sweden (10.7K units)
10. Belarus (7.8K units)

Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ukraine

In 2022, exports of refrigerating or freezing equipment; parts thereof, other than furniture from Ukraine dropped dramatically to 18K units, shrinking by -61.1% against 2021. Overall, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year. Over the period under review, the exports of hit record highs at 52K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture declined remarkably to $583K in 2022. Over the period under review, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 0.1%. The exports peaked at $1.2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. United Kingdom (5.5K units)
2. Poland (4.2K units)
3. Moldova (2.1K units)
4. Russia (0.7K units)
5. Azerbaijan (0.6K units)
6. Slovenia (0.6K units)
7. Romania (0.5K units)
8. Estonia (0.5K units)
9. Belgium (0.5K units)
10. Canada (0.4K units)
11. Georgia (0.4K units)
12. Germany (0.3K units)
13. Iraq (0.3K units)

Source: IndexBox Market Intelligence Platform