Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Slovakia - 2023
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Slovakia (FOB) - 2023
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Slovakia (CIF) - 2023
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Slovakia
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Slovakia
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Slovakia (FOB) - 2023
In November 2023, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $44.7 per unit, waning by -18.9% against the previous month. Over the period under review, the export price showed a slight setback. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 49% month-to-month. As a result, the export price attained the peak level of $87.7 per unit. From September 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Austria ($68.1 per unit), while the average price for exports to Italy ($10.9 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 Australia (+20.2%), 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 Slovakia (CIF) - 2023
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $55.6 per unit in November 2023, picking up by 9.8% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in January 2023 an increase of 20% against the previous month. Over the period under review, average import prices reached the peak figure at $62.0 per unit in June 2023; however, from July 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Poland ($102 per unit), while the price for Italy ($19.7 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 Poland (+10.3%), 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 Slovakia
For the fourth year in a row, Slovakia recorded growth in shipments abroad of refrigerating or freezing equipment; parts thereof, other than furniture, which increased by 114% to 6.5M units in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 159% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture skyrocketed to $89M in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 98%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.8 | 12.2 | 30.2 | 61.8 | 153.4% |
| Italy | 5.2 | 5.9 | 8.1 | 7.2 | 11.5% |
| France | 0.7 | 1.9 | 6.1 | 5.3 | 96.4% |
| Austria | 1.1 | 1.6 | 2.5 | 3.7 | 49.8% |
| Czech Republic | 1.9 | 2.0 | 2.8 | 2.8 | 13.8% |
| Poland | 0.5 | 0.7 | 0.5 | 2.7 | 75.4% |
| Romania | 0.9 | 0.6 | 0.9 | 0.2 | -39.4% |
| Others | 4.1 | 4.7 | 7.2 | 5.7 | 11.6% |
| Total | 18.2 | 29.4 | 58.2 | 89.2 | 69.9% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Slovakia in 2022:
- Germany (4941.9K units)
- Italy (486.7K units)
- Czech Republic (326.9K units)
- Austria (288.1K units)
- Poland (192.2K units)
- France (102.4K units)
- Romania (14.6K units)
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Slovakia
Imports of refrigerating or freezing equipment; parts thereof, other than furniture into Slovakia skyrocketed to 1.8M units in 2022, growing by 35% compared with the previous year. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.0% 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 +66.2% against 2020 indices. As a result, imports reached 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 $83M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 2.2 | 10.9 | 16.2 | 18.0 | 101.5% |
| South Korea | 17.5 | 12.7 | 15.0 | 13.2 | -9.0% |
| Germany | 2.0 | 3.1 | 5.0 | 8.9 | 64.5% |
| Italy | 5.1 | 4.8 | 4.9 | 8.2 | 17.2% |
| China | 3.6 | 3.5 | 4.6 | 7.2 | 26.0% |
| Netherlands | 0.2 | 0.3 | 0.5 | 6.9 | 225.5% |
| Turkey | 1.7 | 1.4 | 3.1 | 2.7 | 16.7% |
| India | N/A | N/A | N/A | 2.7 | 0% |
| Poland | 1.5 | 1.9 | 2.4 | 1.5 | 0.0% |
| Mexico | 7.0 | 0.7 | N/A | N/A | -90.0% |
| Others | 7.3 | 6.4 | 10.5 | 13.4 | 22.4% |
| Total | 48.0 | 45.6 | 62.3 | 82.7 | 19.9% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Slovakia in 2022:
- Czech Republic (463.2K units)
- South Korea (438.1K units)
- Italy (158.0K units)
- Netherlands (151.2K units)
- China (127.3K units)
- India (112.0K units)
- Germany (88.2K units)
- Turkey (62.7K units)
- Poland (43.3K units)
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