Report Update: May 1, 2024

China - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Commercial Refrigeration Equipment Price in China - 2023

Commercial Refrigeration Equipment Price in China (FOB) - 2023

In September 2023, the average commercial refrigeration equipment export price amounted to $283 per unit, shrinking by -8.3% against the previous month. Over the period under review, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in November 2022 an increase of 11% month-to-month. As a result, the export price reached the peak level of $480 per unit. From December 2022 to September 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Australia ($385 per unit), while the average price for exports to the United States ($117 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Commercial Refrigeration Equipment Price in China (CIF) - 2022

In 2022, the average commercial refrigeration equipment import price amounted to $1,183 per unit, surging by 16% against the previous year. Over the period under review, the import price enjoyed prominent growth. The growth pace was the most rapid in 2020 an increase of 82%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 the United States ($3,802 per unit), while the price for Singapore ($809 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Commercial Refrigeration Equipment Exports in China

Commercial refrigeration equipment exports from China contracted slightly to 14M units in 2022, shrinking by -1.8% against the year before. Over the period under review, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. The exports peaked at 16M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, commercial refrigeration equipment exports surged to $5.3B in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Export of Commercial Refrigeration Equipment in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	436	537	764	851	25.0%
Australia	152	182	279	361	33.4%
Italy	73.8	85.1	169	288	57.4%
Indonesia	139	121	139	209	14.6%
Germany	70.1	96.3	184	165	33.0%
Vietnam	115	96.1	122	165	12.8%
France	88.4	132	215	163	22.6%
Malaysia	88.9	88.0	123	157	20.9%
Thailand	87.2	93.4	115	149	19.6%
Netherlands	75.8	84.8	146	146	24.4%
India	134	89.3	117	144	2.4%
Philippines	72.6	50.9	70.9	123	19.2%
Taiwan (Chinese)	48.5	62.0	81.6	93.5	24.5%
Others	1,233	1,211	1,789	2,256	22.3%
Total	2,813	2,929	4,316	5,271	23.3%

Top Export Markets for Commercial Refrigeration Equipment from China in 2022:

United States (2.8M units)
Australia (0.8M units)
Indonesia (0.8M units)
Italy (0.6M units)
Germany (0.5M units)
Philippines (0.4M units)
India (0.4M units)
Malaysia (0.4M units)
Netherlands (0.4M units)
Vietnam (0.4M units)
Thailand (0.4M units)
Taiwan (Chinese) (0.3M units)
France (0.3M units)

Commercial Refrigeration Equipment Imports in China

In 2022, commercial refrigeration equipment imports into China reduced dramatically to 705K units, waning by -28.3% against the previous year's figure. In general, imports recorded a sharp reduction. Over the period under review, imports attained the peak figure at 2.6M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, commercial refrigeration equipment imports contracted significantly to $834M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of $1B, and then declined remarkably in the following year.

Import of Commercial Refrigeration Equipment in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	467	496	636	433	-2.5%
United States	92.7	87.9	74.8	86.3	-2.4%
Japan	36.8	46.4	81.2	80.0	29.5%
Germany	52.6	24.6	28.8	47.9	-3.1%
France	53.3	49.3	43.5	46.1	-4.7%
Italy	16.2	16.7	30.4	13.3	-6.4%
Others	115	137	110	128	3.6%
Total	833	858	1,005	834	0.0%

Top Suppliers of Commercial Refrigeration Equipment to China in 2022:

Singapore (534.7K units)
Japan (37.9K units)
Germany (25.4K units)
United States (22.7K units)
France (13.9K units)
Italy (11.4K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the commercial refrigeration equipment market in China. 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:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023