Asia-Pacific: Refrigerating Show-Cases Market 2024

Refrigerating Show-Cases Market Size in Asia-Pacific

The Asia-Pacific refrigerating show-cases market rose slightly to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Refrigerating Show-Cases Production in Asia-Pacific

In value terms, refrigerating show-cases production reached $X in 2023 estimated in export price. The total production indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Refrigerating Show-Cases Exports

Exports in Asia-Pacific

After six years of growth, shipments abroad of refrigerating or freezing display counters, cabinets, show-cases decreased by X% to X units in 2023. Over the period under review, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2022, and then contracted slightly in the following year.

In value terms, refrigerating show-cases exports declined to $X in 2023. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2022, and then reduced in the following year.

Exports by Country

China dominates exports structure, amounting to X units, which was near X% of total exports in 2023. The following exporters - Thailand (X units) and India (X units) - together made up X% of total exports.

China was also the fastest-growing in terms of the refrigerating or freezing display counters, cabinets, show-cases exports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%) and India (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest refrigerating show-cases supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, falling by X% against the previous year. Overall, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the export price figures.

Refrigerating Show-Cases Imports

Imports in Asia-Pacific

In 2023, purchases abroad of refrigerating or freezing display counters, cabinets, show-cases decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2022, and then fell in the following year.

In value terms, refrigerating show-cases imports contracted dramatically to $X in 2023. Total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then fell markedly in the following year.

Imports by Country

The countries with the highest levels of refrigerating show-cases imports in 2023 were the Philippines (X units), Australia (X units), India (X units), Malaysia (X units), Japan (X units), Indonesia (X units), Vietnam (X units), Thailand (X units), Hong Kong SAR (X units), South Korea (X units), Singapore (X units) and Taiwan (Chinese) (X units), together resulting at X% of total import.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refrigerating show-cases importing markets in Asia-Pacific were Australia ($X), Japan ($X) and Indonesia ($X), together accounting for X% of total imports. The Philippines, Vietnam, India, Thailand, Malaysia, South Korea, Hong Kong SAR, Singapore and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per unit, reducing by X% against the previous year. In general, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform