Price for Non-Furniture Refrigerating or Freezing Equipment in Luxembourg - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Luxembourg (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Luxembourg (FOB) - 2023
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Luxembourg
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Luxembourg
Price for Non-Furniture Refrigerating or Freezing Equipment in Luxembourg (CIF) - 2022
In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $275 per unit, waning by -9.3% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-furniture refrigerating or freezing equipment import price decreased by -0.2% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 49%. Over the period under review, average import prices hit record highs at $303 per unit in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($340 per unit), while the price for Italy ($163 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Luxembourg (FOB) - 2023
The average export price for non-furniture refrigerating or freezing equipment stood at $452 per unit in July 2023, waning by -22.7% against the previous month. In general, the export price saw a abrupt setback. The growth pace was the most rapid in February 2023 an increase of 613% m-o-m. As a result, the export price reached the peak level of $4,696 per unit. From March 2023 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($762 per unit), while the average price for exports to Germany ($161 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 France (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Luxembourg
In 2022, purchases abroad of non-furniture refrigerating or freezing equipment was finally on the rise to reach 16K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at 22K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, non-furniture refrigerating or freezing equipment imports amounted to $4.4M in 2022. Overall, imports, however, recorded a mild downturn. The pace of growth was the most pronounced in 2020 when imports increased by 9.9%. As a result, imports attained the peak of $5.1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,071 | 1,836 | 1,397 | 1,534 | 12.7% |
| Germany | 1,049 | 962 | 633 | 951 | -3.2% |
| Italy | 254 | 227 | 206 | 588 | 32.3% |
| Belgium | 513 | 452 | 686 | 495 | -1.2% |
| Poland | 469 | 338 | 529 | 221 | -22.2% |
| Denmark | 89.2 | 234 | 237 | 190 | 28.7% |
| Austria | N/A | 4.0 | 28.0 | 134 | 478.8% |
| China | 209 | 292 | 167 | 57.8 | -34.8% |
| United Kingdom | 301 | 3.3 | N/A | 1.6 | -82.5% |
| Others | 673 | 738 | 443 | 248 | -28.3% |
| Total | 4,629 | 5,086 | 4,327 | 4,421 | -1.5% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Luxembourg in 2022:
- United Kingdom (undefinedK units)
- France (6.6K units)
- Italy (3.6K units)
- Germany (3.0K units)
- Belgium (2.5K units)
- Poland (0.9K units)
- Denmark (0.6K units)
- Austria (0.4K units)
- China (0.2K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Luxembourg
In 2022, exports of non-furniture refrigerating or freezing equipment from Luxembourg skyrocketed to 5.3K units, growing by 114% against 2021. In general, exports posted a significant expansion. 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 $1.7M in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 58%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.6 | 0.2 | 725 | 422 | 322.4% |
| Belgium | 276 | 157 | 295 | 266 | -1.2% |
| France | 27.1 | 78.9 | 157 | 74.9 | 40.3% |
| Germany | 10.9 | 202 | 5.4 | 31.2 | 42.0% |
| Chile | 6.2 | N/A | N/A | 29.0 | 67.2% |
| Turkey | 187 | 101 | 2.4 | 0.8 | -83.8% |
| Oman | 85.6 | 145 | 1.9 | N/A | -85.1% |
| Others | 135 | 106 | 62.3 | 855 | 85.0% |
| Total | 734 | 790 | 1,249 | 1,679 | 31.8% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Luxembourg in 2022:
- Netherlands (1178.0 units)
- Belgium (702.0 units)
- Germany (130.0 units)
- France (53.0 units)
- Chile (43.0 units)
- Turkey (2.0 units)
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