Price for Non-Furniture Refrigerating or Freezing Equipment in New Zealand - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in New Zealand (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in New Zealand (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in New Zealand
- Exports of Non-Furniture Refrigerating or Freezing Equipment in New Zealand
Price for Non-Furniture Refrigerating or Freezing Equipment in New Zealand (CIF) - 2022
In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $250 per unit, with an increase of 7.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 15%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($250 per unit) and Ireland ($250 per unit), while the price for Sweden ($250 per unit) and the United States ($250 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in New Zealand (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $255 per unit in 2022, jumping by 18% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices reached the maximum at $255 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were New Caledonia ($255 per unit) and Fiji ($255 per unit), while the average price for exports to the United States ($254 per unit) and Cook Islands ($254 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in New Zealand
Non-furniture refrigerating or freezing equipment imports into New Zealand rose remarkably to 169K units in 2022, increasing by 14% compared with the previous year's figure. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.9% 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 +67.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment imports surged to $42M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.5% 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 +87.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 53% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Non-Furniture Refrigerating or Freezing Equipment in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.0 | 6.7 | 9.1 | 10.4 | 9.1% |
| France | 4.7 | 3.9 | 8.0 | 8.4 | 21.4% |
| Italy | 3.7 | 1.8 | 3.5 | 4.5 | 6.7% |
| Germany | 0.5 | 0.9 | 0.5 | 3.9 | 98.3% |
| United States | 1.6 | 1.8 | 2.6 | 2.6 | 17.6% |
| Ireland | 1.3 | 1.3 | 1.2 | 2.4 | 22.7% |
| Switzerland | N/A | N/A | 0.2 | 2.2 | 1000.0% |
| United Kingdom | 0.5 | 0.7 | 0.9 | 1.5 | 44.2% |
| Australia | 3.4 | 1.5 | 1.8 | 1.4 | -25.6% |
| Spain | 0.8 | 0.8 | 1.2 | 1.1 | 11.2% |
| Denmark | 0.4 | 1.4 | 2.1 | 0.7 | 20.5% |
| Sweden | 2.5 | 0.1 | 1.3 | 0.7 | -34.6% |
| Thailand | 1.2 | 0.8 | 0.4 | N/A | -42.3% |
| Others | 1.7 | 0.8 | 1.9 | 2.5 | 13.7% |
| Total | 30.5 | 22.6 | 34.5 | 42.3 | 11.5% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to New Zealand in 2022:
- Thailand (undefinedK units)
- China (41.6K units)
- France (33.7K units)
- Italy (17.9K units)
- Germany (15.7K units)
- United States (10.4K units)
- Ireland (9.4K units)
- Switzerland (9.0K units)
- United Kingdom (5.8K units)
- Australia (5.6K units)
- Spain (4.4K units)
- Denmark (2.9K units)
- Sweden (2.8K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in New Zealand
In 2022, approx. 13K units of non-furniture refrigerating or freezing equipment were exported from New Zealand; with a decrease of -17.6% on 2021 figures. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 61% against the previous year. As a result, the exports attained the peak of 15K units, and then reduced markedly in the following year.
In value terms, non-furniture refrigerating or freezing equipment exports shrank modestly to $3.2M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +41.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. As a result, the exports reached the peak of $3.3M, and then dropped modestly in the following year.
| Export of Non-Furniture Refrigerating or Freezing Equipment in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,855 | 1,620 | 1,788 | 1,593 | -4.9% |
| United Kingdom | N/A | N/A | 883 | 765 | -13.4% |
| Fiji | 174 | 86.4 | 78.7 | 426 | 34.8% |
| United States | 36.1 | 113 | 287 | 95.4 | 38.3% |
| Cook Islands | 51.0 | 12.5 | 65.2 | 70.7 | 11.5% |
| New Caledonia | 20.3 | 14.4 | 23.2 | 67.1 | 49.0% |
| Papua New Guinea | N/A | 177 | 14.4 | N/A | -91.9% |
| Others | 284 | 273 | 195 | 219 | -8.3% |
| Total | 2,420 | 2,296 | 3,334 | 3,237 | 10.2% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from New Zealand in 2022:
- Australia (6.3K units)
- United Kingdom (3.0K units)
- Fiji (1.7K units)
- United States (0.4K units)
- New Caledonia (0.3K units)
- Cook Islands (0.3K units)
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