Price for Non-Furniture Refrigerating or Freezing Equipment in Pakistan - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Pakistan (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Pakistan (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Pakistan
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Pakistan
Price for Non-Furniture Refrigerating or Freezing Equipment in Pakistan (CIF) - 2022
The average import price for non-furniture refrigerating or freezing equipment stood at $255 per unit in 2022, increasing by 5.5% against the previous year. Overall, the import price recorded perceptible growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 95% against the previous year. As a result, import price reached the peak level of $428 per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($297 per unit), while the price for the United Arab Emirates ($76 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Pakistan (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $211 per unit in 2022, shrinking by -21.2% against the previous year. Overall, the export price, however, saw a mild expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 355%. The export price peaked at $1,057 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +20.9% per year.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Pakistan
In 2022, the amount of non-furniture refrigerating or freezing equipment imported into Pakistan declined dramatically to 92K units, falling by -51.3% compared with the year before. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 132%. As a result, imports attained the peak of 189K units, and then fell notably in the following year.
In value terms, non-furniture refrigerating or freezing equipment imports reduced notably to $23M in 2022. In general, imports recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of 31%. As a result, imports reached the peak of $46M, and then fell significantly in the following year.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.4 | 14.7 | 20.5 | 11.1 | -10.3% |
| Denmark | 10.9 | 8.7 | 9.2 | 5.0 | -22.9% |
| United Arab Emirates | 1.3 | 1.6 | 3.1 | 1.7 | 9.4% |
| United States | 2.6 | 2.4 | 2.6 | 1.4 | -18.6% |
| South Korea | 2.5 | 0.7 | 1.8 | 1.0 | -26.3% |
| Italy | 1.1 | 1.1 | 0.7 | 0.5 | -23.1% |
| Japan | 0.6 | 0.9 | 1.0 | 0.5 | -5.9% |
| Germany | 1.0 | 0.1 | 0.8 | 0.4 | -26.3% |
| Others | 3.8 | 4.6 | 5.8 | 1.8 | -22.0% |
| Total | 39.2 | 34.8 | 45.5 | 23.4 | -15.8% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Pakistan in 2022:
- China (37.3K units)
- United Arab Emirates (21.8K units)
- Denmark (18.4K units)
- United States (4.8K units)
- South Korea (3.5K units)
- Japan (1.8K units)
- Italy (1.7K units)
- Germany (1.4K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Pakistan
In 2022, non-furniture refrigerating or freezing equipment exports from Pakistan skyrocketed to 687 units, growing by 111% on the previous year's figure. Over the period under review, exports showed a remarkable increase. 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 skyrocketed to $145K in 2022. Overall, exports, however, showed a precipitous decrease. The exports peaked at $445K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.5 | 6.1 | 3.5 | 129 | 536.6% |
| Benin | N/A | N/A | 51.8 | N/A | 0% |
| Indonesia | N/A | 126 | N/A | N/A | 0% |
| Tanzania | 28.6 | N/A | N/A | N/A | 0% |
| Turkey | 112 | N/A | N/A | N/A | 0% |
| Others | 304 | 40.2 | 31.9 | 15.7 | -62.8% |
| Total | 445 | 173 | 87.2 | 145 | -31.2% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Pakistan in 2022:
- United Arab Emirates (4.6K units)
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