Belgium - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCommercial Refrigeration Equipment Price in Belgium - 2023
Contents:
- Commercial Refrigeration Equipment Price in Belgium (CIF) - 2022
- Commercial Refrigeration Equipment Price in Belgium (FOB) - 2022
- Commercial Refrigeration Equipment Imports in Belgium
- Commercial Refrigeration Equipment Exports in Belgium
Commercial Refrigeration Equipment Price in Belgium (CIF) - 2022
In 2022, the average commercial refrigeration equipment import price amounted to $428 per unit, with an increase of 5.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 11%. As a result, import price attained the peak level of $474 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($883 per unit), while the price for the UK ($173 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Commercial Refrigeration Equipment Price in Belgium (FOB) - 2022
The average commercial refrigeration equipment export price stood at $496 per unit in 2022, increasing by 10% against the previous year. In general, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2021 an increase of 52% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain 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 the UK ($792 per unit), while the average price for exports to the Czech Republic ($84 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 the UK (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.
Commercial Refrigeration Equipment Imports in Belgium
For the fourth year in a row, Belgium recorded growth in supplies from abroad of refrigerating and freezing equipment and heat pumps (except household type equipment), which increased by 0.9% to 1.3M units in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 64%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, commercial refrigeration equipment imports amounted to $553M in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 77%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Commercial Refrigeration Equipment in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.8 | 46.9 | 131 | 133 | 92.0% |
| Italy | 44.2 | 60.8 | 110 | 115 | 37.5% |
| Germany | 32.2 | 33.3 | 46.8 | 67.1 | 27.7% |
| France | 33.6 | 33.6 | 44.3 | 44.8 | 10.1% |
| Thailand | 0.1 | 20.5 | 31.0 | 42.7 | 653.0% |
| Netherlands | 20.6 | 20.1 | 26.5 | 25.8 | 7.8% |
| Turkey | 3.9 | 10.4 | 14.7 | 17.4 | 64.6% |
| Spain | 6.7 | 9.3 | 17.8 | 16.9 | 36.1% |
| Austria | 21.1 | 13.8 | 12.0 | 12.7 | -15.6% |
| Malaysia | 1.5 | 1.2 | 2.1 | 5.4 | 53.3% |
| United Kingdom | 2.5 | 2.8 | 2.9 | 3.7 | 14.0% |
| Others | 39.2 | 41.1 | 82.0 | 69.0 | 20.7% |
| Total | 224 | 294 | 521 | 553 | 35.2% |
Top Suppliers of Commercial Refrigeration Equipment to Belgium in 2022:
- Italy (443.5K units)
- China (258.2K units)
- France (123.0K units)
- Germany (76.2K units)
- Netherlands (49.2K units)
- Thailand (48.3K units)
- Turkey (46.6K units)
- Spain (41.3K units)
- Malaysia (21.4K units)
- United Kingdom (21.2K units)
- Austria (19.8K units)
Commercial Refrigeration Equipment Exports in Belgium
After three years of growth, shipments abroad of refrigerating and freezing equipment and heat pumps (except household type equipment) decreased by -5.2% to 1M units in 2022. The total export volume increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of 1.1M units, and then reduced in the following year.
In value terms, commercial refrigeration equipment exports stood at $501M in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 83% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Commercial Refrigeration Equipment in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 42.3 | 89.8 | 212 | 218 | 72.7% |
| Germany | 17.2 | 26.1 | 55.3 | 72.6 | 61.6% |
| Netherlands | 17.3 | 19.7 | 30.4 | 41.8 | 34.2% |
| Italy | 18.9 | 14.3 | 29.9 | 23.0 | 6.8% |
| United Kingdom | 3.0 | 5.0 | 14.8 | 16.6 | 76.9% |
| Austria | 1.8 | 1.7 | 14.9 | 13.0 | 93.3% |
| Spain | 13.5 | 11.1 | 13.8 | 10.0 | -9.5% |
| Greece | 1.0 | 2.4 | 3.2 | 7.3 | 94.0% |
| Turkey | 2.0 | 3.3 | 4.3 | 5.4 | 39.2% |
| Poland | 3.6 | 4.6 | 3.9 | 5.3 | 13.8% |
| Czech Republic | 0.3 | 0.6 | 2.1 | 2.5 | 102.7% |
| Egypt | 2.7 | 3.5 | 2.7 | 2.2 | -6.6% |
| Hungary | 8.0 | 6.9 | 2.0 | 1.1 | -48.4% |
| Others | 52.5 | 72.3 | 89.9 | 82.1 | 16.1% |
| Total | 184 | 261 | 479 | 501 | 39.6% |
Top Export Markets for Commercial Refrigeration Equipment from Belgium in 2022:
- France (323.1K units)
- Germany (109.2K units)
- Netherlands (100.1K units)
- Italy (92.0K units)
- Austria (43.9K units)
- Spain (38.5K units)
- Czech Republic (29.5K units)
- Poland (24.8K units)
- Turkey (22.8K units)
- Egypt (22.0K units)
- United Kingdom (20.9K units)
- Greece (15.2K units)
- Hungary (3.5K units)
This report provides an in-depth analysis of the commercial refrigeration equipment market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
- Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
- Prodcom 28251340 -
- Prodcom 28251350 -
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
- Prodcom 28251390 - Other refrigerating or freezing equipment
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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