Italy - 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 Italy - 2023
Contents:
- Commercial Refrigeration Equipment Price in Italy (FOB) - 2023
- Commercial Refrigeration Equipment Price in Italy (CIF) - 2023
- Commercial Refrigeration Equipment Exports in Italy
- Commercial Refrigeration Equipment Imports in Italy
Commercial Refrigeration Equipment Price in Italy (FOB) - 2023
In August 2023, the average commercial refrigeration equipment export price amounted to $480 per unit, shrinking by -13.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in February 2023 when the average export price increased by 19% month-to-month. Over the period under review, the average export prices hit record highs at $556 per unit in July 2023, and then contracted in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($1,035 per unit), while the average price for exports to Saudi Arabia ($205 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Commercial Refrigeration Equipment Price in Italy (CIF) - 2023
The average commercial refrigeration equipment import price stood at $675 per unit in August 2023, surging by 5.1% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 21% month-to-month. Over the period under review, average import prices hit record highs at $732 per unit in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($1,741 per unit), while the price for India ($170 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Austria (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Commercial Refrigeration Equipment Exports in Italy
Commercial refrigeration equipment exports from Italy surged to 6.6M units in 2022, with an increase of 18% on 2021 figures. The total export volume increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 22% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, commercial refrigeration equipment exports stood at $2.7B in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Commercial Refrigeration Equipment in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 261 | 269 | 361 | 345 | 9.7% |
| Germany | 206 | 193 | 285 | 272 | 9.7% |
| Canada | 13.8 | 16.7 | 18.7 | 206 | 146.2% |
| United States | 76.6 | 70.4 | 111 | 154 | 26.2% |
| United Kingdom | 108 | 109 | 141 | 150 | 11.6% |
| Spain | 129 | 97.4 | 140 | 148 | 4.7% |
| Belgium | 78.1 | 76.3 | 99.0 | 113 | 13.1% |
| Netherlands | 56.9 | 64.4 | 98.8 | 92.0 | 17.4% |
| Poland | 50.6 | 49.1 | 64.2 | 80.3 | 16.6% |
| Saudi Arabia | 25.5 | 26.8 | 42.0 | 60.6 | 33.4% |
| Austria | 41.5 | 39.5 | 49.6 | 54.6 | 9.6% |
| United Arab Emirates | 62.0 | 44.4 | 48.1 | 51.8 | -5.8% |
| Turkey | 24.9 | 21.5 | 33.8 | 34.3 | 11.3% |
| Others | 843 | 740 | 947 | 947 | 4.0% |
| Total | 1,977 | 1,817 | 2,439 | 2,708 | 11.1% |
Top Export Markets for Commercial Refrigeration Equipment from Italy in 2022:
- Canada (746.7K units)
- Germany (632.7K units)
- France (556.9K units)
- Spain (443.2K units)
- Belgium (394.9K units)
- United Kingdom (388.4K units)
- United States (259.0K units)
- Saudi Arabia (214.3K units)
- Turkey (187.9K units)
- Poland (183.1K units)
- United Arab Emirates (172.4K units)
- Netherlands (148.6K units)
- Austria (113.0K units)
Commercial Refrigeration Equipment Imports in Italy
In 2022, imports of refrigerating and freezing equipment and heat pumps (except household type equipment) into Italy surged to 1.5M units, with an increase of 50% against the year before. Over the period under review, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, commercial refrigeration equipment imports surged to $890M in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Commercial Refrigeration Equipment in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 81.8 | 90.1 | 177 | 367 | 64.9% |
| Germany | 41.8 | 39.6 | 67.8 | 99.8 | 33.7% |
| France | 73.6 | 56.3 | 68.0 | 74.0 | 0.2% |
| Czech Republic | 6.8 | 4.5 | 38.2 | 53.4 | 98.8% |
| Turkey | 19.1 | 16.5 | 20.9 | 38.9 | 26.8% |
| Ireland | 17.0 | 14.4 | 26.1 | 30.3 | 21.2% |
| Austria | 34.8 | 25.5 | 38.9 | 29.8 | -5.0% |
| Spain | 15.1 | 11.8 | 16.9 | 23.0 | 15.1% |
| Belgium | 20.5 | 14.2 | 26.8 | 22.2 | 2.7% |
| Netherlands | 13.5 | 10.7 | 10.7 | 13.9 | 1.0% |
| Bulgaria | 0.4 | 0.2 | 0.1 | 7.7 | 168.0% |
| Others | 73.7 | 58.1 | 71.5 | 130 | 20.8% |
| Total | 398 | 342 | 563 | 890 | 30.8% |
Top Suppliers of Commercial Refrigeration Equipment to Italy in 2022:
- China (604.2K units)
- Germany (143.5K units)
- Ireland (104.0K units)
- France (103.8K units)
- Austria (102.3K units)
- Belgium (76.9K units)
- Turkey (59.4K units)
- Spain (38.3K units)
- Czech Republic (36.8K units)
- Netherlands (33.9K units)
- Bulgaria (24.4K units)
This report provides an in-depth analysis of the commercial refrigeration equipment market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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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During the period analyzed, Commercial Refrigeration Equipment exports peaked at 739K units in November 2022. However, from December 2022 to October 2023, exports remained at a slightly lower level. In terms of value, exports of Commercial Refrigeration Equipment notably declined to $109M in October 2023.
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