Price for Non-Furniture Refrigerating or Freezing Equipment in Romania - 2023

Contents:

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

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

In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $218 per unit, reducing by -6% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.8% 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 increased by +17.7% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 46%. The import price peaked at $232 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 Ireland ($492 per unit), while the price for China ($117 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for non-furniture refrigerating or freezing equipment stood at $286 per unit in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 50%. As a result, the export price attained the peak level of $301 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($496 per unit), while the average price for exports to Bulgaria ($100 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 the United Arab Emirates (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Furniture Refrigerating or Freezing Equipment in Romania

Non-furniture refrigerating or freezing equipment imports into Romania expanded notably to 192K units in 2022, picking up by 9% compared with 2021. Over the period under review, imports, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Imports peaked at 208K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-furniture refrigerating or freezing equipment imports rose modestly to $42M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21%. Imports peaked in 2022 and are likely to continue growth in the near future.

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

1. Italy (52.0K units)
2. France (29.7K units)
3. China (21.0K units)
4. Germany (20.1K units)
5. Austria (12.6K units)
6. Netherlands (7.9K units)
7. Poland (7.9K units)
8. Turkey (6.4K units)
9. Ireland (6.2K units)
10. Russia (4.3K units)
11. Czech Republic (3.8K units)
12. Belgium (3.5K units)
13. Taiwan (Chinese) (3.2K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Romania

Non-furniture refrigerating or freezing equipment exports from Romania amounted to 13K units in 2022, approximately mirroring the previous year. Overall, exports, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year. The exports peaked at 14K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-furniture refrigerating or freezing equipment exports shrank slightly to $3.8M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 +60.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 60% against the previous year. As a result, the exports attained the peak of $3.8M, leveling off in the following year.

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

1. Nigeria (2.9K units)
2. Moldova (2.1K units)
3. Bulgaria (1.8K units)
4. United Kingdom (1.3K units)
5. Netherlands (1.1K units)
6. Denmark (0.9K units)
7. Turkey (0.8K units)
8. Hungary (0.7K units)
9. Germany (0.6K units)
10. Greece (0.5K units)

Source: IndexBox Market Intelligence Platform