Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Norway - 2024
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Norway (CIF) - 2024
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Norway (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Norway
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Norway
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Norway (CIF) - 2024
In January 2024, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $70.3 per unit, shrinking by -32.3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 44% against the previous month. As a result, import price attained the peak level of $128 per unit. From August 2023 to January 2024, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($157 per unit), while the price for Romania ($18.6 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.3%), 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 Norway (FOB) - 2022
In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $71 per unit, waning by -21.4% against the previous year. Overall, the export price saw a slight contraction. The pace of growth appeared the most rapid in 2020 an increase of 41% against the previous year. Over the period under review, the average export prices hit record highs at $107 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($203 per unit), while the average price for exports to Sweden ($41 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 the Czech Republic (+18.2%), 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 Norway
In 2022, the amount of refrigerating or freezing equipment; parts thereof, other than furniture imported into Norway rose notably to 412K units, picking up by 9.9% compared with the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports of attained the maximum at 418K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture surged to $31M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.5 | 4.1 | 4.8 | 5.6 | 0.6% |
| Czech Republic | 2.5 | 2.3 | 2.1 | 4.0 | 17.0% |
| Sweden | 3.0 | 2.4 | 3.4 | 4.0 | 10.1% |
| France | 1.7 | 1.8 | 1.8 | 3.2 | 23.5% |
| Germany | 1.9 | 1.8 | 1.9 | 2.1 | 3.4% |
| Denmark | 1.7 | 1.5 | 1.4 | 1.6 | -2.0% |
| China | 0.8 | 1.0 | 1.2 | 1.5 | 23.3% |
| Poland | 0.5 | 0.8 | 1.1 | 1.2 | 33.9% |
| Finland | 1.3 | 1.5 | 1.2 | 1.0 | -8.4% |
| Spain | 0.6 | 1.1 | 0.9 | 0.8 | 10.1% |
| Netherlands | 1.9 | 2.3 | 0.9 | 0.7 | -28.3% |
| Turkey | 0.2 | 0.3 | 0.5 | 0.6 | 44.2% |
| Estonia | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Others | 5.7 | 4.9 | 3.9 | 4.7 | -6.2% |
| Total | 27.4 | 26.0 | 25.4 | 31.0 | 4.2% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Norway in 2022:
- Czech Republic (88.0K units)
- Italy (74.4K units)
- Sweden (57.5K units)
- France (35.1K units)
- Poland (18.7K units)
- China (16.7K units)
- Germany (14.2K units)
- Denmark (12.3K units)
- Turkey (11.2K units)
- Spain (9.5K units)
- Finland (9.3K units)
- Netherlands (8.1K units)
- Estonia (7.4K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Norway
In 2022, exports of refrigerating or freezing equipment; parts thereof, other than furniture from Norway contracted sharply to 27K units, reducing by -21.2% on the year before. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Over the period under review, the exports of attained the peak figure at 50K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture fell dramatically to $1.9M in 2022. In general, exports faced a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. The exports peaked at $3.3M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 711 | 798 | 404 | 432 | -15.3% |
| Denmark | 147 | 73.0 | 138 | 383 | 37.6% |
| Russia | 376 | 256 | 102 | 383 | 0.6% |
| Ireland | 0.4 | 46.6 | N/A | 119 | 567.6% |
| Lithuania | N/A | N/A | 5.8 | 90.0 | 1451.7% |
| United Kingdom | 432 | 126 | 59.9 | 81.7 | -42.6% |
| Australia | 1.2 | 32.2 | 90.9 | 61.4 | 271.2% |
| Poland | 1,117 | 477 | 15.3 | 16.0 | -75.7% |
| Others | 536 | 933 | 2,324 | 380 | -10.8% |
| Total | 3,320 | 2,742 | 3,141 | 1,945 | -16.3% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Norway in 2022:
- Sweden (10.5K units)
- Denmark (6.1K units)
- Russia (3.1K units)
- Ireland (1.7K units)
- Australia (1.0K units)
- Lithuania (1.0K units)
- United Kingdom (1.0K units)
- Poland (0.2K units)
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