Price for Non-Furniture Refrigerating or Freezing Equipment in Bulgaria - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Bulgaria (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Bulgaria (FOB) - 2023
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Bulgaria
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Bulgaria
Price for Non-Furniture Refrigerating or Freezing Equipment in Bulgaria (CIF) - 2022
The average import price for non-furniture refrigerating or freezing equipment stood at $186 per unit in 2022, increasing by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2018 an increase of 46%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($291 per unit), while the price for Romania ($104 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Bulgaria (FOB) - 2023
In July 2023, the average export price for non-furniture refrigerating or freezing equipment amounted to $611 per unit, jumping by 159% against the previous month. Overall, the export price posted a prominent increase. The pace of growth was the most pronounced in December 2022 when the average export price increased by 170% m-o-m. The export price peaked in July 2023.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Ukraine ($897 per unit), while the average price for exports to Austria ($115 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Bulgaria
For the fourth year in a row, Bulgaria recorded growth in supplies from abroad of non-furniture refrigerating or freezing equipment, which increased by 52% to 136K units in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment imports soared to $25M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 0.2 | 0.3 | 1.2 | 7.4 | 233.2% |
| China | 1.3 | 1.5 | 2.2 | 3.8 | 43.0% |
| Turkey | 1.1 | 1.4 | 2.2 | 2.5 | 31.5% |
| Italy | 2.4 | 2.4 | 2.7 | 1.7 | -10.9% |
| Romania | 0.2 | 0.3 | 0.3 | 1.3 | 86.6% |
| Hungary | 1.1 | 1.4 | 1.3 | 1.3 | 5.7% |
| Poland | 0.1 | N/A | 0.1 | 0.9 | 108.0% |
| Germany | 1.2 | 0.8 | 1.1 | 0.9 | -9.1% |
| Czech Republic | 0.5 | 0.3 | 0.4 | 0.4 | -7.2% |
| France | 1.2 | 0.8 | 0.3 | 0.2 | -45.0% |
| Others | 1.9 | 2.8 | 3.3 | 5.0 | 38.1% |
| Total | 11.1 | 11.9 | 15.1 | 25.3 | 31.6% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Bulgaria in 2022:
- Austria (40.8K units)
- China (25.2K units)
- Turkey (19.4K units)
- Romania (12.1K units)
- Italy (7.6K units)
- Hungary (7.1K units)
- Germany (4.1K units)
- Poland (2.9K units)
- Czech Republic (2.0K units)
- France (1.3K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Bulgaria
In 2022, approx. 70K units of non-furniture refrigerating or freezing equipment were exported from Bulgaria; jumping by 98% against the previous year. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment exports surged to $7.6M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.3% 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 +91.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 29%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,251 | 2,739 | 3,143 | 3,418 | 39.8% |
| Austria | 331 | 596 | 945 | 855 | 37.2% |
| Ukraine | 39.2 | 58.2 | 117 | 780 | 171.0% |
| Poland | 232 | 89.2 | 192 | 742 | 47.3% |
| Czech Republic | 26.8 | 197 | 52.8 | 375 | 141.0% |
| Iran | 422 | N/A | 2.8 | 195 | -22.7% |
| Romania | 246 | 119 | 137 | 136 | -17.9% |
| Serbia | 188 | 99.8 | 7.2 | 115 | -15.1% |
| Georgia | 173 | 130 | 59.6 | 36.6 | -40.4% |
| Others | 1,035 | 787 | 1,562 | 917 | -4.0% |
| Total | 3,944 | 4,815 | 6,219 | 7,570 | 24.3% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Bulgaria in 2022:
- Germany (19.7K units)
- Ukraine (7.7K units)
- Austria (7.4K units)
- Poland (6.3K units)
- Czech Republic (1.7K units)
- Romania (0.7K units)
- Iran (0.4K units)
- Serbia (0.4K units)
- Georgia (0.1K units)
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