Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Romania - 2023
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Romania (CIF) - 2023
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Romania (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Romania
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Romania
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Romania (CIF) - 2023
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $37.0 per unit in November 2023, jumping by 19% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in June 2023 an increase of 19% against the previous month. The import price peaked in November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($105 per unit), while the price for Turkey ($15.5 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 Hungary (+11.0%), 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 Romania (FOB) - 2022
In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $29 per unit, picking up by 15% against the previous year. Overall, the export price, however, recorded a slight contraction. The pace of growth was the most pronounced in 2017 an increase of 18% against the previous year. Over the period under review, the average export prices reached the maximum at $34 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($95 per unit), while the average price for exports to Greece ($15 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 South Africa (+11.0%), 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 Romania
Imports of refrigerating or freezing equipment; parts thereof, other than furniture into Romania skyrocketed to 2.2M units in 2022, rising by 46% on 2021. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture surged to $58M in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 0.5 | 4.0 | 11.8 | 209.0% |
| Turkey | 7.6 | 5.4 | 9.1 | 10.1 | 9.9% |
| Italy | 8.0 | 7.2 | 7.5 | 8.9 | 3.6% |
| France | 4.1 | 1.9 | 2.7 | 5.0 | 6.8% |
| Russia | N/A | 0.1 | 2.2 | 4.8 | 592.8% |
| Germany | 3.0 | 3.6 | 4.0 | 4.3 | 12.7% |
| Poland | 1.3 | 1.8 | 3.0 | 3.1 | 33.6% |
| Czech Republic | 0.9 | 0.8 | 2.7 | 2.1 | 32.6% |
| Hungary | 0.9 | 0.7 | 1.4 | 1.6 | 21.1% |
| Greece | 1.5 | 0.8 | 0.6 | 0.7 | -22.4% |
| Others | 6.0 | 5.3 | 5.5 | 5.8 | -1.1% |
| Total | 33.6 | 28.0 | 42.6 | 58.2 | 20.1% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Romania in 2022:
- Turkey (722.3K units)
- China (479.6K units)
- Italy (326.8K units)
- Russia (247.9K units)
- Hungary (89.8K units)
- Germany (74.4K units)
- France (61.3K units)
- Poland (55.8K units)
- Czech Republic (37.8K units)
- Greece (13.3K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Romania
Exports of refrigerating or freezing equipment; parts thereof, other than furniture from Romania declined to 664K units in 2022, which is down by -14.6% on the previous year. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.3% 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 +39.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64%. As a result, the exports reached the peak of 777K units, and then fell in the following year.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture contracted modestly to $19M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.3% 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 +39.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, the exports attained the peak of $20M, and then shrank slightly in the following year.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.7 | 4.5 | 5.8 | 6.9 | 6.6% |
| United States | 0.1 | 0.2 | 3.2 | 4.2 | 247.6% |
| Bulgaria | 1.6 | 1.5 | 1.8 | 1.5 | -2.1% |
| Turkey | 0.5 | 0.3 | 0.5 | 1.1 | 30.1% |
| Greece | 0.5 | 0.6 | 0.6 | 0.8 | 17.0% |
| Germany | 0.5 | 0.5 | 0.8 | 0.8 | 17.0% |
| Hungary | 0.7 | 0.8 | 1.2 | 0.7 | 0.0% |
| Czech Republic | 1.2 | 1.1 | 0.2 | 0.2 | -45.0% |
| Others | 3.8 | 4.4 | 5.7 | 3.3 | -4.6% |
| Total | 14.5 | 14.0 | 19.8 | 19.5 | 10.4% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Romania in 2022:
- United States (204.2K units)
- Italy (122.8K units)
- Bulgaria (93.1K units)
- Greece (53.5K units)
- Turkey (47.8K units)
- Germany (34.9K units)
- Hungary (34.4K units)
- Czech Republic (4.9K units)
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