Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Germany - 2023
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Germany (CIF) - 2023
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Germany (FOB) - 2023
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Germany
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Germany
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Germany (CIF) - 2023
In November 2023, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $65.1 per unit, with an increase of 6.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 38% month-to-month. As a result, import price reached the peak level of $72.8 per unit. From February 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was France ($104 per unit), while the price for Turkey ($21.2 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Germany (FOB) - 2023
In November 2023, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $83.1 per unit, rising by 4.8% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 18% month-to-month. As a result, the export price reached the peak level of $91.6 per unit. From July 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($140 per unit), while the average price for exports to the Czech Republic ($51.5 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Germany
In 2022, approx. 12M units of refrigerating or freezing equipment; parts thereof, other than furniture were imported into Germany; with an increase of 11% against the previous year. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture totaled $611M in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 61.0 | 58.4 | 79.8 | 92.6 | 14.9% |
| Czech Republic | 72.1 | 79.3 | 64.3 | 77.5 | 2.4% |
| Italy | 60.4 | 53.2 | 71.3 | 71.6 | 5.8% |
| Slovakia | 13.5 | 18.4 | 30.8 | 54.8 | 59.5% |
| France | 29.0 | 33.4 | 34.9 | 34.8 | 6.3% |
| Sweden | 5.9 | 10.2 | 20.3 | 33.4 | 78.2% |
| Bulgaria | 22.1 | 21.7 | 33.9 | 32.3 | 13.5% |
| China | 28.7 | 29.4 | 35.7 | 31.7 | 3.4% |
| Netherlands | 11.5 | 18.6 | 22.9 | 22.0 | 24.1% |
| Turkey | 11.5 | 10.6 | 14.3 | 19.0 | 18.2% |
| Austria | 24.5 | 20.4 | 18.6 | 16.8 | -11.8% |
| Hungary | 9.1 | 5.3 | 6.3 | 10.3 | 4.2% |
| Malaysia | 25.2 | 19.4 | 7.4 | 6.7 | -35.7% |
| Others | 90.0 | 84.9 | 98.4 | 107 | 5.9% |
| Total | 465 | 463 | 539 | 611 | 9.5% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Germany in 2022:
- Poland (2226.8K units)
- Italy (1376.7K units)
- Czech Republic (1225.6K units)
- Slovakia (1133.8K units)
- Bulgaria (1046.4K units)
- Turkey (588.2K units)
- France (517.8K units)
- Sweden (499.7K units)
- China (492.1K units)
- Netherlands (474.8K units)
- Hungary (293.5K units)
- Austria (288.0K units)
- Malaysia (128.6K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Germany
In 2022, exports of refrigerating or freezing equipment; parts thereof, other than furniture from Germany totaled 7M units, approximately reflecting 2021. The total export volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture rose modestly to $468M in 2022. The total export value increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 44.8 | 39.4 | 54.6 | 56.8 | 8.2% |
| France | 34.4 | 37.7 | 43.6 | 46.9 | 10.9% |
| United States | 32.9 | 27.2 | 34.6 | 32.3 | -0.6% |
| China | 29.6 | 33.7 | 33.8 | 31.9 | 2.5% |
| Poland | 22.3 | 39.7 | 36.9 | 31.2 | 11.8% |
| Switzerland | 19.7 | 18.9 | 20.8 | 24.1 | 7.0% |
| Italy | 14.6 | 11.7 | 18.7 | 22.8 | 16.0% |
| Belgium | 12.0 | 12.3 | 16.4 | 21.4 | 21.3% |
| Netherlands | 20.4 | 21.2 | 20.7 | 20.3 | -0.2% |
| United Kingdom | 16.9 | 12.5 | 14.4 | 17.2 | 0.6% |
| Spain | 9.4 | 10.8 | 11.2 | 14.0 | 14.2% |
| Czech Republic | 20.8 | 18.8 | 19.1 | 13.4 | -13.6% |
| Denmark | 15.1 | 15.0 | 14.6 | 10.6 | -11.1% |
| Others | 113 | 103 | 118 | 125 | 3.4% |
| Total | 406 | 402 | 457 | 468 | 4.9% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Germany in 2022:
- Austria (1328.1K units)
- France (796.8K units)
- Poland (538.5K units)
- Netherlands (345.7K units)
- Belgium (331.1K units)
- Switzerland (285.9K units)
- United States (263.5K units)
- China (240.9K units)
- Czech Republic (234.2K units)
- Denmark (230.2K units)
- Spain (225.6K units)
- Italy (222.4K units)
- United Kingdom (218.5K units)
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