Hong Kong SAR, China - Furniture Designed To Receive Refrigerating Or Freezing Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefrigerator or Freezer Price in Hong Kong SAR - 2023
Contents:
- Refrigerator or Freezer Price in Hong Kong SAR (CIF) - 2023
- Refrigerator or Freezer Price in Hong Kong SAR (FOB) - 2022
- Refrigerator or Freezer Imports in Hong Kong SAR
- Refrigerator or Freezer Exports in Hong Kong SAR
Refrigerator or Freezer Price in Hong Kong SAR (CIF) - 2023
The average refrigerator or freezer import price stood at $1.3 per unit in June 2023, surging by 9.8% against the previous month. Over the period under review, the import price, however, recorded a mild contraction. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 27% month-to-month. As a result, import price reached the peak level of $2.0 per unit. From September 2022 to June 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -1.0% per month.
Refrigerator or Freezer Price in Hong Kong SAR (FOB) - 2022
The average refrigerator or freezer export price stood at $7 per unit in 2022, jumping by 66% against the previous year. In general, the export price enjoyed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 South Korea ($14 per unit), while the average price for exports to Suriname ($1.3 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 Thailand (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.
Refrigerator or Freezer Imports in Hong Kong SAR
In 2022, refrigerator or freezer imports into Hong Kong SAR reduced notably to 1.3M units, falling by -42.2% on 2021. Overall, imports recorded a sharp decrease. The smallest decline of -2.2% was in 2021. Imports peaked at 3.9M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, refrigerator or freezer imports reduced notably to $1.8M in 2022. In general, imports saw a sharp decline. The growth pace was the most rapid in 2021 when imports increased by 7.8%. Over the period under review, imports reached the maximum at $5.8M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Refrigerator or Freezer in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.8 | 3.0 | 3.2 | 1.8 | -32.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.8 | 3.0 | 3.2 | 1.8 | -32.3% |
Top Suppliers of Refrigerator or Freezer to Hong Kong SAR in 2022:
- China (1.3M units)
Refrigerator or Freezer Exports in Hong Kong SAR
In 2022, shipments abroad of furniture designed to receive refrigerating or freezing equipment decreased by -34.4% to 93K units, falling for the second year in a row after two years of growth. In general, exports showed a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 36%. As a result, the exports attained the peak of 246K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, refrigerator or freezer exports expanded notably to $658K in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 17%. As a result, the exports reached the peak of $713K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Refrigerator or Freezer in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 191 | 157 | 204 | 483 | 36.2% |
| Grenada | N/A | 13.3 | 30.8 | 18.2 | 17.0% |
| Jamaica | 1.7 | 21.1 | N/A | 7.3 | 62.5% |
| Suriname | 156 | 20.6 | 24.4 | 2.0 | -76.6% |
| Uzbekistan | 37.0 | 470 | N/A | N/A | 1170.3% |
| Madagascar | 70.1 | 0.5 | N/A | N/A | -99.3% |
| Others | 154 | 30.8 | 344 | 148 | -1.3% |
| Total | 610 | 713 | 603 | 658 | 2.6% |
Top Export Markets for Refrigerator or Freezer from Hong Kong SAR in 2022:
- South Korea (35.1K units)
- Grenada (13.9K units)
- Jamaica (3.4K units)
- Suriname (1.6K units)
This report provides an in-depth analysis of the refrigerator or freezer market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28253030 - Furniture designed to receive refrigerating or freezing equipment (including evaporators, complete refrigerating units)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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