Price for Non-Furniture Refrigerating or Freezing Equipment in Italy - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Italy (FOB) - 2023
- Price for Non-Furniture Refrigerating or Freezing Equipment in Italy (CIF) - 2022
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Italy
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Italy
Price for Non-Furniture Refrigerating or Freezing Equipment in Italy (FOB) - 2023
In July 2023, the average export price for non-furniture refrigerating or freezing equipment amounted to $286 per unit, increasing by 4.1% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.1%. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 28% m-o-m. The export price peaked in July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($401 per unit), while the average price for exports to Russia ($188 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 Brazil (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Italy (CIF) - 2022
The average import price for non-furniture refrigerating or freezing equipment stood at $231 per unit in 2022, picking up by 6% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2020 an increase of 12%. As a result, import price attained the peak level of $240 per unit. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($351 per unit), while the price for Austria ($101 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Non-Furniture Refrigerating or Freezing Equipment in Italy
In 2022, non-furniture refrigerating or freezing equipment exports from Italy soared to 5.7M units, increasing by 22% against the year before. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.8% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment exports soared to $1.2B in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 8.3 | 8.4 | 10.7 | 205 | 191.2% |
| Germany | 84.6 | 76.4 | 117 | 122 | 13.0% |
| United Kingdom | 45.6 | 45.9 | 70.2 | 82.5 | 21.9% |
| France | 55.7 | 72.8 | 81.2 | 78.6 | 12.2% |
| Belgium | 47.6 | 44.4 | 57.1 | 77.1 | 17.4% |
| Spain | 66.6 | 48.2 | 65.1 | 75.1 | 4.1% |
| United States | 44.3 | 42.6 | 50.2 | 62.6 | 12.2% |
| Saudi Arabia | 10.9 | 13.8 | 21.6 | 35.6 | 48.4% |
| Turkey | 19.2 | 16.0 | 26.2 | 29.8 | 15.8% |
| United Arab Emirates | 40.0 | 30.7 | 27.0 | 29.3 | -9.9% |
| Austria | 10.3 | 11.2 | 15.9 | 24.5 | 33.5% |
| Netherlands | 16.3 | 22.1 | 45.6 | 22.8 | 11.8% |
| Poland | 22.1 | 19.9 | 22.9 | 21.8 | -0.5% |
| Others | 345 | 297 | 417 | 354 | 0.9% |
| Total | 817 | 750 | 1,027 | 1,221 | 14.3% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Italy in 2022:
- Canada (769.1K units)
- Germany (570.2K units)
- Spain (405.2K units)
- France (401.5K units)
- Belgium (392.0K units)
- United Kingdom (363.7K units)
- United States (212.8K units)
- Saudi Arabia (207.5K units)
- Turkey (191.1K units)
- United Arab Emirates (164.0K units)
- Poland (126.8K units)
- Netherlands (110.6K units)
- Austria (101.6K units)
Imports of Non-Furniture Refrigerating or Freezing Equipment in Italy
In 2022, non-furniture refrigerating or freezing equipment imports into Italy skyrocketed to 880K units, jumping by 36% against 2021. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.9% against 2020 indices. 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 $203M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.1% against 2020 indices. 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 Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.0 | 7.8 | 17.5 | 36.6 | 49.3% |
| Ireland | 17.0 | 14.2 | 25.6 | 32.7 | 24.4% |
| Germany | 24.1 | 23.2 | 25.9 | 29.2 | 6.6% |
| Belgium | 19.2 | 13.6 | 18.1 | 18.1 | -1.9% |
| Bulgaria | 0.1 | 0.2 | 0.1 | 14.1 | 420.5% |
| France | 16.1 | 13.9 | 14.6 | 12.0 | -9.3% |
| Austria | 3.0 | 5.0 | 7.0 | 10.6 | 52.3% |
| Netherlands | 9.8 | 7.9 | 7.2 | 8.9 | -3.2% |
| Spain | 9.6 | 5.5 | 5.8 | 7.4 | -8.3% |
| Others | 22.9 | 26.1 | 19.7 | 33.7 | 13.7% |
| Total | 133 | 117 | 141 | 203 | 15.1% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Italy in 2022:
- China (260.4K units)
- Ireland (123.0K units)
- Austria (105.4K units)
- Germany (102.1K units)
- Belgium (83.1K units)
- France (43.2K units)
- Bulgaria (40.2K units)
- Netherlands (32.2K units)
- Spain (25.3K units)
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