Price for Non-Furniture Refrigerating or Freezing Equipment in the United Arab Emirates - 2021

Contents:

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

Price for Non-Furniture Refrigerating or Freezing Equipment in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $126 per unit, which is down by -20.6% against the previous year. In general, the import price showed a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 28% against the previous year. As a result, import price attained the peak level of $187 per unit. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($242 per unit), while the price for South Korea ($84 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 States (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Non-Furniture Refrigerating or Freezing Equipment in the United Arab Emirates (FOB) - 2022

The average export price for non-furniture refrigerating or freezing equipment stood at $87 per unit in 2022, falling by -20% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 53% against the previous year. Over the period under review, the average export prices reached the peak figure at $109 per unit in 2021, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($135 per unit), while the average price for exports to Senegal ($6 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 Saudi Arabia (+4.5%), while the prices for the other major destinations experienced a decline.

Imports of Non-Furniture Refrigerating or Freezing Equipment in the United Arab Emirates

In 2022, approx. 1.6M units of non-furniture refrigerating or freezing equipment were imported into the United Arab Emirates; surging by 15% against the year before. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-furniture refrigerating or freezing equipment imports shrank to $203M in 2022. Overall, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 8.3%. Over the period under review, imports attained the peak figure at $251M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to the United Arab Emirates in 2022:

1. China (593.1K units)
2. France (337.0K units)
3. Italy (160.8K units)
4. Germany (143.8K units)
5. Mexico (143.5K units)
6. United States (71.5K units)
7. South Korea (69.5K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in the United Arab Emirates

In 2022, the amount of non-furniture refrigerating or freezing equipment exported from the United Arab Emirates skyrocketed to 535K units, jumping by 98% compared with the year before. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 soared to $47M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from the United Arab Emirates in 2022:

1. Saudi Arabia (87.3K units)
2. Oman (85.6K units)
3. Iraq (66.7K units)
4. China (31.9K units)
5. Qatar (31.2K units)
6. Uganda (26.0K units)
7. Kuwait (25.9K units)
8. Senegal (15.4K units)
9. Yemen (14.7K units)
10. Bahrain (10.8K units)
11. Sudan (10.4K units)
12. South Sudan (9.7K units)
13. Cameroon (9.4K units)

Source: IndexBox Market Intelligence Platform