Price for Non-Furniture Refrigerating or Freezing Equipment in Iran - 2021

Contents:

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

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

In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $106 per unit, surging by 2.5% against the previous year. Overall, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2016 an increase of 10% against the previous year. The import price peaked at $162 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($345 per unit), while the price for Turkey ($100 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for non-furniture refrigerating or freezing equipment amounted to $66 per unit, standing approx. at the previous year. In general, the export price saw a deep setback. The pace of growth appeared the most rapid in 2017 an increase of 94% against the previous year. The export price peaked at $171 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($117 per unit), while the average price for exports to Georgia ($46 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 Georgia (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Furniture Refrigerating or Freezing Equipment in Iran

In 2022, the amount of non-furniture refrigerating or freezing equipment imported into Iran skyrocketed to 204K units, with an increase of 26% compared with the previous year's figure. Over the period under review, total imports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +2.6% 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 decreased by -17.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. As a result, imports reached the peak of 247K units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, non-furniture refrigerating or freezing equipment imports surged to $22M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $27M in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Import of Non-Furniture Refrigerating or Freezing Equipment in Iran (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4.62.42.53.8-6.2%
Turkey3.12.64.72.8-3.3%
Italy1.61.60.20.9-17.5%
Germany1.40.70.40.8-17.0%
Hong Kong SARN/AN/AN/A0.50%
Netherlands0.60.60.90.4-12.6%
United Arab Emirates4.11.60.2N/A-77.9%
Others6.717.27.912.422.8%
Total22.126.616.721.6-0.8%

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

  1. Turkey (27.8K units)
  2. China (25.2K units)
  3. Italy (5.0K units)
  4. Netherlands (2.7K units)
  5. Germany (2.4K units)
  6. Hong Kong SAR (2.4K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Iran

Non-furniture refrigerating or freezing equipment exports from Iran skyrocketed to 12K units in 2022, increasing by 35% on the year before. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 345% against the previous year. As a result, the exports attained the peak of 15K units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-furniture refrigerating or freezing equipment exports surged to $803K in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 173% against the previous year. As a result, the exports reached the peak of $1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Non-Furniture Refrigerating or Freezing Equipment in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Azerbaijan10920.622.241556.1%
Turkey35.823782.120177.7%
Georgia19.7N/A36.894.968.9%
Uzbekistan52.623.09.448.2-2.9%
Armenia64.515225.326.3-25.8%
United Arab Emirates4.34.1303N/A739.4%
RomaniaN/A29.932.8N/A9.7%
Others80.553492.817.4-40.0%
Total3661,00160580329.9%

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

  1. Azerbaijan (7.6K units)
  2. Georgia (2.0K units)
  3. Turkey (1.7K units)
  4. Uzbekistan (0.7K units)
  5. Armenia (0.3K units)

Source: IndexBox Market Intelligence Platform

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