Price for Non-Furniture Refrigerating or Freezing Equipment in Finland - 2023

Contents:

1. Price for Non-Furniture Refrigerating or Freezing Equipment in Finland (CIF) - 2023
2. Price for Non-Furniture Refrigerating or Freezing Equipment in Finland (FOB) - 2022
3. Imports of Non-Furniture Refrigerating or Freezing Equipment in Finland
4. Exports of Non-Furniture Refrigerating or Freezing Equipment in Finland

Price for Non-Furniture Refrigerating or Freezing Equipment in Finland (CIF) - 2023

In July 2023, the average import price for non-furniture refrigerating or freezing equipment amounted to $258 per unit, with an increase of 14% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 29% m-o-m. As a result, import price reached the peak level of $310 per unit. From June 2023 to July 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Ireland ($466 per unit), while the price for Serbia ($198 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Sweden (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Furniture Refrigerating or Freezing Equipment in Finland (FOB) - 2022

The average export price for non-furniture refrigerating or freezing equipment stood at $312 per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. As a result, the export price attained the peak level of $358 per unit. From 2014 to 2022, the average export prices failed to regain momentum.

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 United States ($798 per unit), while the average price for exports to the United Arab Emirates ($159 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 Pakistan (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Furniture Refrigerating or Freezing Equipment in Finland

For the fourth consecutive year, Finland recorded growth in supplies from abroad of non-furniture refrigerating or freezing equipment, which increased by 3.8% to 241K units in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, non-furniture refrigerating or freezing equipment imports contracted to $68M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38% against the previous year. Imports peaked at $69M in 2021, and then reduced modestly in the following year.

Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Finland in 2022:

1. Sweden (49.6K units)
2. Italy (38.2K units)
3. China (21.3K units)
4. Denmark (17.0K units)
5. Ireland (13.7K units)
6. France (12.3K units)
7. Germany (9.4K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Finland

In 2022, the amount of non-furniture refrigerating or freezing equipment exported from Finland surged to 50K units, picking up by 31% compared with 2021 figures. Overall, exports posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of 78% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, non-furniture refrigerating or freezing equipment exports soared to $15M in 2022. Over the period under review, exports posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 60%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Finland in 2022:

1. Sweden (8.1K units)
2. Estonia (3.4K units)
3. Lebanon (2.9K units)
4. Russia (2.4K units)
5. United Kingdom (1.8K units)
6. Myanmar (1.6K units)
7. United States (1.5K units)
8. Norway (1.5K units)
9. United Arab Emirates (1.4K units)
10. Germany (1.2K units)
11. China (0.4K units)

Source: IndexBox Market Intelligence Platform