Sweden: Commercial Refrigeration Equipment Market 2024

Commercial Refrigeration Equipment Market Size in Sweden

The Swedish commercial refrigeration equipment market skyrocketed to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Commercial Refrigeration Equipment Production in Sweden

In value terms, commercial refrigeration equipment production amounted to $X in 2023 estimated in export price. In general, production posted a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021; afterwards, it flattened through to 2023.

Commercial Refrigeration Equipment Exports

Exports from Sweden

In 2023, overseas shipments of refrigerating and freezing equipment and heat pumps (except household type equipment) decreased by X% to X units, falling for the second year in a row after two years of growth. In general, total exports indicated a moderate expansion from 2012 to 2023: its volume 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, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, commercial refrigeration equipment exports soared to $X in 2023. Overall, exports, however, posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland (X units), Norway (X units) and Germany (X units) were the main destinations of commercial refrigeration equipment exports from Sweden, together accounting for X% of total exports. Denmark, the United States, Spain, India, Poland, the Netherlands, France, the UK, Belgium and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for refrigerating and freezing equipment and heat pumps (except household type equipment) exports from Sweden, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average commercial refrigeration equipment export price stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price recorded a buoyant increase. 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 export markets. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Commercial Refrigeration Equipment Imports

Imports into Sweden

In 2023, approx. X units of refrigerating and freezing equipment and heat pumps (except household type equipment) were imported into Sweden; which is down by X% against the year before. Overall, total imports indicated a resilient increase from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, commercial refrigeration equipment imports contracted to $X in 2023. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced modestly in the following year.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of commercial refrigeration equipment imports to Sweden, together accounting for X% of total imports. Denmark, Croatia, France, the Czech Republic, Belgium, the Netherlands, Romania, Thailand, Ireland and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Thailand ($X) and Italy ($X) were the largest commercial refrigeration equipment suppliers to Sweden, with a combined X% share of total imports.

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

Import Prices by Country

In 2023, the average commercial refrigeration equipment import price amounted to $X per unit, with an increase of X% against the previous year. Overall, import price indicated slight growth from 2012 to 2023: its price 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, commercial refrigeration equipment import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform