Price for Non-Furniture Refrigerating or Freezing Equipment in Indonesia - 2022

Contents:

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

Price for Non-Furniture Refrigerating or Freezing Equipment in Indonesia (CIF) - 2022

The average import price for non-furniture refrigerating or freezing equipment stood at $109 per unit in March 2022, increasing by 3.7% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 30% m-o-m. The import price peaked at $109 per unit in June 2021; however, from July 2021 to March 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Italy ($305 per unit), while the price for China ($87.7 per unit) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.6%), while the prices for the other major suppliers experienced a decline.

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

The average export price for non-furniture refrigerating or freezing equipment stood at $228 per unit in March 2022, growing by 41% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2021 an increase of 93% m-o-m. As a result, the export price attained the peak level of $258 per unit. From July 2021 to March 2022, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In March 2022, the countries with the highest prices were India ($244 per unit) and South Korea ($233 per unit), while the average price for exports to the United Arab Emirates ($165 per unit) and Bangladesh ($184 per unit) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Furniture Refrigerating or Freezing Equipment in Indonesia

Non-furniture refrigerating or freezing equipment imports into Indonesia skyrocketed to 1.2M units in 2022, picking up by 22% compared with the previous year. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-furniture refrigerating or freezing equipment imports soared to $123M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. 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 Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China76.072.473.897.88.8%
Thailand7.67.18.55.6-9.7%
Malaysia3.44.73.43.40.0%
United States8.58.81.01.9-39.3%
Others14.014.78.714.40.9%
Total10910895.41234.1%

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

  1. China (1036.8K units)
  2. Thailand (102.2K units)
  3. Malaysia (22.5K units)
  4. United States (5.2K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Indonesia

Non-furniture refrigerating or freezing equipment exports from Indonesia skyrocketed to 70K units in 2022, picking up by 37% against 2021 figures. Overall, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. Over the period under review, the exports attained the peak figure at 98K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-furniture refrigerating or freezing equipment exports rose sharply to $12M in 2022. In general, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 68%. The exports peaked at $17M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Non-Furniture Refrigerating or Freezing Equipment in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan0.30.30.84.1139.1%
South KoreaN/A0.85.23.8117.9%
India2.61.92.01.3-20.6%
Netherlands0.50.30.50.66.3%
Singapore10.80.20.20.3-69.7%
Oman0.30.2N/A0.30.0%
Philippines0.30.20.30.30.0%
United StatesN/AN/AN/A0.30%
Vietnam0.20.4N/A0.20.0%
Saudi Arabia0.70.70.70.1-47.7%
Others1.11.41.20.7-14.0%
Total16.96.410.812.1-10.5%

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

  1. Japan (28.0K units)
  2. South Korea (16.8K units)
  3. India (8.6K units)
  4. Netherlands (3.1K units)
  5. Philippines (3.1K units)
  6. Oman (1.7K units)
  7. Singapore (1.5K units)
  8. United States (1.3K units)
  9. Vietnam (1.2K units)
  10. Saudi Arabia (0.6K units)

Source: IndexBox Market Intelligence Platform

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