Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in India - 2023
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in India (CIF) - 2023
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in India (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in India
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in India
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in India (CIF) - 2023
In November 2023, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $29.0 per unit, dropping by -4% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 55% m-o-m. Over the period under review, average import prices attained the peak figure at $36.9 per unit in August 2023; however, from September 2023 to November 2023, 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 Italy ($115 per unit), while the price for Vietnam ($11.5 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 South Korea (+1.4%), 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 India (FOB) - 2022
In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $40 per unit, falling by -9.7% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for refrigerating or freezing equipment; parts thereof, other than furniture decreased by -12.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 18%. Over the period under review, the average export prices reached the peak figure at $46 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($112 per unit), while the average price for exports to Bangladesh ($17 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 Italy (+6.9%), 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 India
Imports of refrigerating or freezing equipment; parts thereof, other than furniture into India soared to 2.9M units in 2022, picking up by 24% against 2021 figures. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture rose markedly to $91M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 51.2 | 43.2 | 54.0 | 57.7 | 4.1% |
| South Korea | 3.3 | 3.2 | 3.0 | 4.9 | 14.1% |
| Indonesia | 12.4 | 8.3 | 3.0 | 3.9 | -32.0% |
| Italy | 2.4 | 1.7 | 2.4 | 3.5 | 13.4% |
| Thailand | 1.5 | 1.7 | 2.1 | 3.0 | 26.0% |
| Others | 14.5 | 14.0 | 16.3 | 18.4 | 8.3% |
| Total | 85.4 | 72.1 | 80.7 | 91.5 | 2.3% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to India in 2022:
- China (2246.5K units)
- South Korea (215.8K units)
- Thailand (65.1K units)
- Indonesia (59.8K units)
- Italy (59.1K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in India
In 2022, the amount of refrigerating or freezing equipment; parts thereof, other than furniture exported from India rose to 1.1M units, with an increase of 4.1% on the previous year's figure. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.4% 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 +44.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 39% 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.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture fell to $43M in 2022. The total export value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, the exports attained the peak of $46M, and then shrank in the following year.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 8.9 | 7.3 | 6.6 | 8.7 | -0.8% |
| United States | 5.2 | 4.9 | 9.8 | 6.7 | 8.8% |
| Brazil | 4.5 | 4.5 | 4.5 | 5.3 | 5.6% |
| Italy | N/A | 0.6 | 2.3 | 4.0 | 158.2% |
| Bangladesh | 2.4 | 2.0 | 3.1 | 2.8 | 5.3% |
| United Kingdom | 1.3 | 1.4 | 3.9 | 2.2 | 19.2% |
| Australia | 0.6 | 0.7 | 1.6 | 0.9 | 14.5% |
| Sri Lanka | 1.3 | 1.1 | 1.3 | 0.9 | -11.5% |
| Algeria | N/A | N/A | N/A | 0.8 | 0% |
| South Africa | 1.2 | 0.6 | 1.2 | 0.7 | -16.4% |
| Malaysia | 0.6 | 0.5 | 0.5 | 0.6 | 0.0% |
| Thailand | 0.7 | 0.9 | 0.5 | 0.6 | -5.0% |
| Nepal | 1.4 | 0.8 | 0.8 | 0.5 | -29.1% |
| Others | 7.4 | 8.8 | 10.1 | 8.6 | 5.1% |
| Total | 35.6 | 34.2 | 46.0 | 43.2 | 6.7% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from India in 2022:
- Denmark (209.5K units)
- United States (179.1K units)
- Bangladesh (160.9K units)
- Italy (81.3K units)
- United Kingdom (47.3K units)
- Brazil (47.2K units)
- Algeria (41.4K units)
- Sri Lanka (24.8K units)
- Thailand (20.9K units)
- Australia (20.7K units)
- South Africa (20.2K units)
- Malaysia (16.8K units)
- Nepal (16.5K units)
187
This report provides an in-depth analysis of the refrigerating show-cases market in India.
317
This report provides an in-depth analysis of the domestic appliances market in India.
313
This report provides an in-depth analysis of the non-combined refrigerator-freezer market in India.
373
This report provides an in-depth analysis of the heat pump market in India.
757
This report provides an in-depth analysis of the refrigerator and freezer market in India.
264
This report provides an in-depth analysis of the household refrigerator market in India.
364
This report provides an in-depth analysis of the refrigerator or freezer market in India.
285
This report provides an in-depth analysis of the built-in refrigerator market in India.
457
This report provides an in-depth analysis of the combined refrigerator-freezer market in India.
361
This report provides an in-depth analysis of the commercial refrigeration equipment market in India.
226
Discover the top import markets for refrigerating show-cases worldwide, including key statistics and import values for each country. Explore the growth potential of these markets and capitalize on the increasing demand for advanced refrigeration technologies.
264
Discover the world's top import markets for Non-Combined Refrigerator-Freezer based on import values in 2022. Gain insights into the key statistics and market dynamics using IndexBox market intelligence platform.
112
Explore the top import markets for heat pumps around the world in 2023 based on data from IndexBox. Discover key statistics and trends in the global heat pump market.
271
Explore the world's best import markets for refrigerators and freezers, backed by key statistics and data from the IndexBox market intelligence platform.
1247
The global refrigerator and freezer market revenue amounted to $72.8B in 2017, picking up by 19% against the previous year...
3289
In 2016, the amount of refrigerator imported worldwide totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over t...
1079
In 2016, the amount of refrigerator imported worldwide totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over t...
1907
Mexico edged ahead of China in the global refrigerator and freezer trade with $X in total sales. In 2014, these two countries were the main global suppliers of refrigerators and freezers with a combined share of X% of global exports. Mexico's mai
1222
In 2013, China (X million units) and the Republic of Korea (X million units) were the main exporters of combined refrigerators and freezers in the world, together comprising X% of global exports.
268
Explore the top import markets for combined refrigerator-freezers, including the United States, Japan, Germany, and more. Discover key statistics and insights from IndexBox platform.
