Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belarus - 2022

Contents:

1. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belarus (FOB) - 2022
2. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belarus (CIF) - 2022
3. Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belarus
4. Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belarus

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belarus (FOB) - 2022

The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $11.4 per unit in March 2022, falling by -41.2% against the previous month. Overall, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in April 2021 when the average export price increased by 33% against the previous month. The export price peaked at $23.5 per unit in July 2021; however, from August 2021 to March 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Russia ($15.7 per unit), while the average price for exports to Lithuania amounted to $6.1 per unit.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belarus (CIF) - 2022

In March 2022, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $38.5 per unit, growing by 7.8% against the previous month. In general, the import price, however, saw a deep setback. The pace of growth appeared the most rapid in June 2021 when the average import price increased by 35% month-to-month. The import price peaked at $73.7 per unit in March 2021; however, from April 2021 to March 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Turkey ($50.1 per unit), while the price for China ($17.9 per unit) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belarus

In 2022, exports of refrigerating or freezing equipment; parts thereof, other than furniture from Belarus surged to 937K units, increasing by 27% compared with the previous year's figure. Overall, total exports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +4.4% 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 +105.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 61%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture skyrocketed to $19M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +103.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 63% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Belarus in 2022:

1. Russia (838.6K units)
2. Lithuania (56.9K units)
3. Ukraine (38.2K units)

Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Belarus

In 2022, purchases abroad of refrigerating or freezing equipment; parts thereof, other than furniture decreased by -48.4% to 161K units, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year. As a result, imports attained the peak of 355K units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture contracted notably to $4.8M in 2022. Overall, imports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 28%. As a result, imports reached the peak of $13M, and then shrank dramatically in the following year.

Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Belarus in 2022:

1. Italy (34.7K units)
2. Turkey (25.4K units)
3. Lithuania (23.0K units)
4. Russia (20.9K units)
5. China (10.9K units)
6. Germany (10.4K units)
7. Belgium (6.9K units)
8. Hungary (6.6K units)
9. Czech Republic (4.4K units)
10. Ukraine (3.9K units)
11. Poland (3.0K units)
12. Netherlands (2.5K units)

Source: IndexBox Market Intelligence Platform