Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ireland - 2023

Contents:

1. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ireland (FOB) - 2023
2. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ireland (CIF) - 2022
3. Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ireland
4. Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ireland

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ireland (FOB) - 2023

The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $134 per unit in November 2023, increasing by 2.8% against the previous month. In general, the export price recorded mild growth. The pace of growth was the most pronounced in December 2022 an increase of 199% m-o-m. As a result, the export price attained the peak level of $328 per unit. From January 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($179 per unit), while the average price for exports to the United States ($62.4 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 the UK (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $78 per unit, therefore, remained relatively stable against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for refrigerating or freezing equipment; parts thereof, other than furniture increased by +35.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 35% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Czech Republic ($193 per unit), while the price for Turkey ($37 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+20.1%), 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 Ireland

In 2022, shipments abroad of refrigerating or freezing equipment; parts thereof, other than furniture was finally on the rise to reach 533K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture soared to $63M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (246.3K units)
2. Germany (64.6K units)
3. United States (41.7K units)
4. Switzerland (36.2K units)
5. Taiwan (Chinese) (33.0K units)
6. France (18.8K units)
7. Spain (14.6K units)
8. Italy (8.7K units)
9. Poland (8.6K units)
10. Japan (0.7K units)
11. Norway (0.1K units)

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

After two years of decline, overseas purchases of refrigerating or freezing equipment; parts thereof, other than furniture increased by 63% to 702K units in 2022. Over the period under review, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 skyrocketed to $55M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (176.1K units)
2. China (85.0K units)
3. India (62.2K units)
4. Czech Republic (51.3K units)
5. Turkey (45.3K units)
6. United States (42.8K units)
7. Italy (41.2K units)
8. Netherlands (39.3K units)
9. France (36.7K units)
10. Poland (23.6K units)
11. Sweden (23.6K units)
12. Germany (9.2K units)
13. Lithuania (4.9K units)

Source: IndexBox Market Intelligence Platform