Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the United Arab Emirates - 2022

Contents:

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

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $37 per unit, with an increase of 12% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 17% against the previous year. As a result, import price attained the peak level of $46 per unit. From 2019 to 2022, the average import prices remained 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 Ireland ($86 per unit), while the price for Indonesia ($18 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+9.9%), 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 the United Arab Emirates (FOB) - 2022

In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $25 per unit, increasing by 8.6% against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2017 an increase of 35% against the previous year. Over the period under review, the average export prices attained the maximum at $35 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($54 per unit), while the average price for exports to Cameroon ($2.4 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 Ghana (+8.0%), 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 the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded growth in supplies from abroad of refrigerating or freezing equipment; parts thereof, other than furniture, which increased by 1.2% to 2M units in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 75%. Imports peaked 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 rose significantly to $73M in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 59%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to the United Arab Emirates in 2022:

1. China (776.2K units)
2. Italy (160.7K units)
3. Ireland (151.9K units)
4. Jordan (114.8K units)
5. Indonesia (102.4K units)
6. South Korea (80.5K units)
7. Spain (69.5K units)
8. France (64.6K units)
9. Belgium (57.5K units)
10. United States (53.3K units)
11. Poland (52.3K units)
12. Turkey (50.2K units)
13. Iran (50.0K units)

Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the United Arab Emirates

Exports of refrigerating or freezing equipment; parts thereof, other than furniture from the United Arab Emirates surged to 2.2M units in 2022, rising by 94% compared with the year before. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture soared to $56M in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from the United Arab Emirates in 2022:

1. Saudi Arabia (421.9K units)
2. Sudan (185.6K units)
3. Iraq (139.0K units)
4. Tanzania (126.7K units)
5. Philippines (105.2K units)
6. Sri Lanka (94.5K units)
7. Oman (93.1K units)
8. Iran (77.9K units)
9. Cameroon (68.5K units)
10. Ghana (64.0K units)
11. Congo (63.0K units)
12. South Sudan (58.9K units)
13. Nigeria (58.0K units)

Source: IndexBox Market Intelligence Platform