Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sweden - 2023
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sweden (FOB) - 2023
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sweden (CIF) - 2023
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sweden
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sweden
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sweden (FOB) - 2023
The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $110 per unit in November 2023, waning by -33.2% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 44% month-to-month. Over the period under review, the average export prices hit record highs at $171 per unit in July 2023; however, from August 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was the UK ($227 per unit), while the average price for exports to Belgium ($39.1 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 Iceland (+6.0%), 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 Sweden (CIF) - 2023
In November 2023, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $80.7 per unit, reducing by -3.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in July 2023 an increase of 25% month-to-month. The import price peaked at $88.7 per unit in September 2023; however, from October 2023 to November 2023, import prices stood at a somewhat 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 ($205 per unit), while the price for Portugal ($24.9 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 China (+7.2%), 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 Sweden
In 2022, approx. 1.6M units of refrigerating or freezing equipment; parts thereof, other than furniture were exported from Sweden; picking up by 23% on 2021 figures. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.6% 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 +55.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 26%. 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 totaled $192M in 2022. The total export value increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 24% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 23.2 | 23.2 | 31.6 | 34.5 | 14.1% |
| United States | 16.3 | 15.8 | 22.7 | 20.9 | 8.6% |
| Italy | 13.4 | 12.7 | 10.6 | 18.2 | 10.7% |
| France | 11.3 | 11.6 | 11.3 | 13.1 | 5.1% |
| Finland | 10.4 | 9.5 | 16.0 | 10.7 | 1.0% |
| Denmark | 10.1 | 8.2 | 14.3 | 10.5 | 1.3% |
| United Kingdom | 6.7 | 7.2 | 7.6 | 8.8 | 9.5% |
| Norway | 5.1 | 4.7 | 5.8 | 7.6 | 14.2% |
| Poland | 2.6 | 3.1 | 5.8 | 7.4 | 41.7% |
| Netherlands | 3.9 | 4.4 | 4.5 | 6.7 | 19.8% |
| Czech Republic | 2.3 | 2.5 | 3.6 | 5.9 | 36.9% |
| Spain | 7.0 | 4.8 | 5.3 | 4.8 | -11.8% |
| Brazil | 2.6 | 2.8 | 2.5 | 3.4 | 9.4% |
| Others | 37.8 | 36.5 | 41.1 | 40.0 | 1.9% |
| Total | 153 | 147 | 183 | 192 | 7.9% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Sweden in 2022:
- Germany (458.8K units)
- Italy (125.5K units)
- France (123.5K units)
- United States (107.2K units)
- Norway (104.6K units)
- Finland (88.1K units)
- Denmark (83.9K units)
- Czech Republic (69.2K units)
- Poland (50.9K units)
- United Kingdom (50.2K units)
- Brazil (44.8K units)
- Netherlands (38.1K units)
- Spain (31.6K units)
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sweden
In 2022, the amount of refrigerating or freezing equipment; parts thereof, other than furniture imported into Sweden expanded markedly to 2.4M units, picking up by 11% compared with 2021. The total import volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. 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 expanded markedly to $166M in 2022. The total import value increased at an average annual rate of +10.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 13%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 14.0 | 18.0 | 36.7 | 32.6 | 32.5% |
| Germany | 20.0 | 18.7 | 23.0 | 24.9 | 7.6% |
| Italy | 20.8 | 20.1 | 24.0 | 23.9 | 4.7% |
| Denmark | 25.1 | 30.4 | 19.7 | 20.7 | -6.2% |
| France | 7.0 | 16.0 | 10.6 | 14.2 | 26.6% |
| United Arab Emirates | 0.2 | 0.1 | N/A | 9.2 | 258.3% |
| Czech Republic | 3.0 | 3.1 | 3.6 | 5.2 | 20.1% |
| Ireland | 0.1 | 0.9 | 2.1 | 5.1 | 270.8% |
| China | 6.1 | 5.7 | 6.4 | 4.9 | -7.0% |
| Netherlands | 7.9 | 6.2 | 6.7 | 3.9 | -21.0% |
| Slovakia | 0.6 | 0.5 | 0.9 | 3.9 | 86.6% |
| Thailand | 0.4 | 2.3 | 1.3 | 1.8 | 65.1% |
| Lithuania | 0.1 | 0.1 | 0.3 | 1.4 | 141.0% |
| Others | 19.0 | 14.0 | 18.9 | 14.3 | -9.0% |
| Total | 124 | 136 | 154 | 166 | 10.2% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Sweden in 2022:
- Italy (460.7K units)
- Germany (312.1K units)
- Poland (292.2K units)
- Denmark (253.8K units)
- France (251.5K units)
- United Arab Emirates (153.7K units)
- China (113.8K units)
- Czech Republic (98.9K units)
- Slovakia (75.2K units)
- Lithuania (51.4K units)
- Ireland (45.9K units)
- Netherlands (44.9K units)
- Thailand (42.1K units)
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