Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Russia - 2022

Contents:

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

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

The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $26 per unit in 2022, picking up by 2.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 15% against the previous year. The import price peaked at $34 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 South Korea ($61 per unit), while the price for Turkey ($21 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.7%), 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 Russia (FOB) - 2022

The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $27 per unit in 2022, growing by 1.9% against the previous year. In general, the export price, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2013 when the average export price increased by 11%. As a result, the export price reached the peak level of $49 per unit. From 2014 to 2022, the average export prices remained at a lower figure.

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 Germany ($69 per unit), while the average price for exports to Ukraine ($14 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 Uzbekistan (+47.0%), 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 Russia

In 2022, approx. 5.1M units of refrigerating or freezing equipment; parts thereof, other than furniture were imported into Russia; reducing by -16.5% compared with the previous year. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 51%. As a result, imports attained the peak of 6.1M units, and then declined rapidly in the following year.

In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture dropped to $133M in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 41%. As a result, imports attained the peak of $155M, and then declined in the following year.

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

1. China (3191.2K units)
2. Turkey (1152.0K units)
3. Italy (226.3K units)
4. Poland (100.3K units)
5. South Korea (98.6K units)
6. Czech Republic (96.2K units)

Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Russia

Exports of refrigerating or freezing equipment; parts thereof, other than furniture from Russia dropped significantly to 586K units in 2022, waning by -25.4% against the previous year. In general, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 124% against the previous year. As a result, the exports attained the peak of 785K units, and then dropped sharply in the following year.

In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture shrank remarkably to $16M in 2022. Overall, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 92%. As a result, the exports reached the peak of $21M, and then shrank markedly in the following year.

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

1. Romania (393.6K units)
2. Kazakhstan (68.4K units)
3. Portugal (14.8K units)
4. Uzbekistan (12.2K units)
5. Poland (11.3K units)
6. Hong Kong SAR (10.8K units)
7. Norway (10.5K units)
8. United States (10.3K units)
9. Germany (9.4K units)
10. Ukraine (5.8K units)
11. Lithuania (0.9K units)

Source: IndexBox Market Intelligence Platform