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

Contents:

1. Price for Non-Furniture Refrigerating or Freezing Equipment in Switzerland (CIF) - 2023
2. Price for Non-Furniture Refrigerating or Freezing Equipment in Switzerland (FOB) - 2023
3. Imports of Non-Furniture Refrigerating or Freezing Equipment in Switzerland
4. Exports of Non-Furniture Refrigerating or Freezing Equipment in Switzerland

Price for Non-Furniture Refrigerating or Freezing Equipment in Switzerland (CIF) - 2023

In August 2023, the average import price for non-furniture refrigerating or freezing equipment amounted to $330 per unit, falling by -5.2% against the previous month. In general, import price indicated a modest increase from August 2022 to August 2023: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, non-furniture refrigerating or freezing equipment import price decreased by -5.2% against July 2023 indices. The pace of growth appeared the most rapid in February 2023 an increase of 66% against the previous month. As a result, import price reached the peak level of $468 per unit. From March 2023 to August 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($566 per unit), while the price for China ($170 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Croatia (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Furniture Refrigerating or Freezing Equipment in Switzerland (FOB) - 2023

The average export price for non-furniture refrigerating or freezing equipment stood at $684 per unit in August 2023, shrinking by -9.4% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 89% month-to-month. The export price peaked at $871 per unit in January 2023; however, from February 2023 to August 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($1,266 per unit), while the average price for exports to Italy ($158 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Furniture Refrigerating or Freezing Equipment in Switzerland

For the fourth consecutive year, Switzerland recorded growth in purchases abroad of non-furniture refrigerating or freezing equipment, which increased by 7.5% to 513K units in 2022. The total import volume increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 14%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, non-furniture refrigerating or freezing equipment imports reduced modestly to $151M in 2022. The total import value increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of $156M, and then dropped slightly in the following year.

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

1. Germany (146.2K units)
2. Italy (65.8K units)
3. Czech Republic (64.5K units)
4. France (52.2K units)
5. China (51.8K units)
6. Austria (49.7K units)
7. Netherlands (27.9K units)
8. Denmark (24.5K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Switzerland

Non-furniture refrigerating or freezing equipment exports from Switzerland surged to 199K units in 2022, with an increase of 18% compared with the year before. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, non-furniture refrigerating or freezing equipment exports dropped to $122M in 2022. The total export value increased at an average annual rate of +5.2% 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 growth pace was the most rapid in 2021 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $132M, and then fell in the following year.

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

1. Germany (79.1K units)
2. Austria (39.4K units)
3. United States (13.7K units)
4. Netherlands (7.9K units)
5. United Kingdom (7.8K units)
6. China (5.7K units)
7. France (4.8K units)
8. Saudi Arabia (3.7K units)
9. Australia (3.4K units)
10. Japan (3.4K units)
11. Italy (3.3K units)
12. Poland (3.2K units)

Source: IndexBox Market Intelligence Platform