Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Turkey - 2024
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Turkey (FOB) - 2024
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Turkey (CIF) - 2022
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Turkey
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Turkey
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Turkey (FOB) - 2024
In January 2024, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $25.6 per unit, approximately equating the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average export price increased by 7.1% against the previous month. The export price peaked at $26.9 per unit in May 2023; however, from June 2023 to January 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($37.3 per unit), while the average price for exports to Algeria ($9.5 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+1.8%), 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 Turkey (CIF) - 2022
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $32 per unit in 2022, with an increase of 13% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 18% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
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 Germany ($81 per unit), while the price for Poland ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), 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 Turkey
Exports of refrigerating or freezing equipment; parts thereof, other than furniture from Turkey amounted to 9.5M units in 2022, rising by 3.2% against 2021. The total export volume increased at an average annual rate of +7.5% 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 when exports increased by 20%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture rose significantly to $235M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.7 | 15.9 | 17.0 | 19.8 | 19.2% |
| Romania | 16.5 | 12.4 | 18.9 | 19.1 | 5.0% |
| Russia | 14.2 | 13.7 | 18.3 | 18.5 | 9.2% |
| Italy | 9.3 | 10.3 | 17.0 | 16.4 | 20.8% |
| Poland | 16.3 | 16.6 | 14.5 | 15.3 | -2.1% |
| United States | 10.3 | 8.7 | 10.3 | 13.2 | 8.6% |
| Spain | 5.8 | 4.7 | 7.5 | 9.8 | 19.1% |
| Bulgaria | 4.3 | 5.7 | 7.6 | 9.7 | 31.1% |
| Algeria | 1.0 | 1.0 | 3.2 | 8.9 | 107.2% |
| United Kingdom | 4.7 | 5.8 | 6.7 | 8.8 | 23.3% |
| Israel | 2.4 | 3.4 | 5.4 | 6.4 | 38.7% |
| Canada | 0.6 | 1.8 | 2.6 | 3.8 | 85.0% |
| Iran | 1.6 | 1.6 | 2.2 | 3.4 | 28.6% |
| Others | 64.7 | 65.8 | 81.5 | 81.8 | 8.1% |
| Total | 163 | 167 | 213 | 235 | 13.0% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Turkey in 2022:
- Romania (1282.7K units)
- Russia (952.6K units)
- Algeria (858.4K units)
- Germany (818.1K units)
- Poland (617.6K units)
- Italy (444.7K units)
- Bulgaria (377.4K units)
- United States (370.5K units)
- Spain (352.5K units)
- United Kingdom (288.8K units)
- Iran (270.3K units)
- Canada (176.8K units)
- Israel (173.9K units)
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Turkey
In 2022, imports of refrigerating or freezing equipment; parts thereof, other than furniture into Turkey amounted to 1.9M units, growing by 9% on 2021 figures. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained 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 surged to $60M in 2022. The total import value increased at an average annual rate of +10.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.6 | 13.1 | 16.1 | 25.4 | 33.8% |
| Italy | 6.9 | 7.1 | 8.3 | 7.9 | 4.6% |
| Germany | 10.3 | 10.4 | 8.7 | 7.3 | -10.8% |
| Czech Republic | 5.6 | 3.2 | 1.8 | 4.0 | -10.6% |
| Poland | 2.7 | 3.2 | 4.0 | 3.1 | 4.7% |
| France | 0.8 | 1.2 | 0.8 | 2.4 | 44.2% |
| Others | 8.1 | 8.0 | 9.3 | 10.4 | 8.7% |
| Total | 45.0 | 46.3 | 49.1 | 60.5 | 10.4% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Turkey in 2022:
- China (996.0K units)
- Poland (291.9K units)
- Italy (175.4K units)
- Czech Republic (94.6K units)
- Germany (89.5K units)
- France (78.5K units)
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