Price for Non-Furniture Refrigerating or Freezing Equipment in China - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in China (FOB) - 2023
- Price for Non-Furniture Refrigerating or Freezing Equipment in China (CIF) - 2022
- Exports of Non-Furniture Refrigerating or Freezing Equipment in China
- Imports of Non-Furniture Refrigerating or Freezing Equipment in China
Price for Non-Furniture Refrigerating or Freezing Equipment in China (FOB) - 2023
The average export price for non-furniture refrigerating or freezing equipment stood at $249 per unit in June 2023, stabilizing at the previous month. In general, the export price recorded a slight descent. The most prominent rate of growth was recorded in July 2022 an increase of 34% month-to-month. The export price peaked at $466 per unit in December 2022; however, from January 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($599 per unit), while the average price for exports to Canada ($81.2 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in China (CIF) - 2022
The average import price for non-furniture refrigerating or freezing equipment stood at $3,582 per unit in 2022, picking up by 1,061% against the previous year. In general, the import price continues to indicate significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,208 per unit), while the price for Poland ($90 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Non-Furniture Refrigerating or Freezing Equipment in China
After three years of growth, shipments abroad of non-furniture refrigerating or freezing equipment decreased by -54.1% to 7.4M units in 2022. In general, exports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 31%. As a result, the exports attained the peak of 16M units, and then dropped dramatically in the following year.
In value terms, non-furniture refrigerating or freezing equipment exports surged to $2.3B in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.7% 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 +71.5% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 41%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Non-Furniture Refrigerating or Freezing Equipment in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 149 | 239 | 353 | 419 | 41.1% |
| Indonesia | 65.3 | 59.9 | 69.7 | 108 | 18.3% |
| Thailand | 69.6 | 70.6 | 79.3 | 99.0 | 12.5% |
| Japan | 53.5 | 57.0 | 97.8 | 90.2 | 19.0% |
| Australia | 46.1 | 49.6 | 60.4 | 74.5 | 17.4% |
| Singapore | 48.9 | 34.1 | 46.8 | 73.4 | 14.5% |
| South Korea | 35.6 | 41.4 | 59.1 | 58.7 | 18.1% |
| Germany | 25.1 | 40.3 | 74.0 | 53.7 | 28.9% |
| Russia | 20.9 | 15.2 | 32.2 | 49.5 | 33.3% |
| Netherlands | 22.2 | 21.1 | 43.3 | 43.4 | 25.0% |
| United Kingdom | 20.7 | 15.0 | 30.3 | 31.1 | 14.5% |
| Brazil | 18.9 | 17.0 | 27.9 | 28.4 | 14.5% |
| Turkey | 16.2 | 11.8 | 17.2 | 26.0 | 17.1% |
| Others | 734 | 674 | 911 | 1,118 | 15.1% |
| Total | 1,326 | 1,346 | 1,902 | 2,273 | 19.7% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from China in 2022:
- United States (3419.8K units)
- Indonesia (650.0K units)
- Japan (555.6K units)
- South Korea (535.8K units)
- United Kingdom (499.9K units)
- Singapore (438.6K units)
- Thailand (380.8K units)
- Germany (361.9K units)
- Netherlands (319.8K units)
- Australia (315.0K units)
- Russia (285.8K units)
- Turkey (264.2K units)
- Brazil (256.4K units)
Imports of Non-Furniture Refrigerating or Freezing Equipment in China
After three years of growth, supplies from abroad of non-furniture refrigerating or freezing equipment decreased by -92.8% to 226K units in 2022. Over the period under review, imports faced a dramatic decrease. The growth pace was the most rapid in 2021 when imports increased by 20%. As a result, imports reached the peak of 3.2M units, and then declined rapidly in the following year.
In value terms, non-furniture refrigerating or freezing equipment imports dropped remarkably to $810M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of $974M, and then fell rapidly in the following year.
| Import of Non-Furniture Refrigerating or Freezing Equipment in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 466 | 493 | 631 | 432 | -2.5% |
| United States | 90.0 | 85.1 | 69.7 | 80.8 | -3.5% |
| Japan | 32.9 | 43.8 | 77.2 | 77.8 | 33.2% |
| France | 52.4 | 47.0 | 41.6 | 44.3 | -5.4% |
| Germany | 46.7 | 19.3 | 23.8 | 44.3 | -1.7% |
| Finland | 17.2 | 27.8 | 25.7 | 35.4 | 27.2% |
| Switzerland | 6.3 | 3.1 | 2.9 | 14.0 | 30.5% |
| Italy | 13.7 | 13.7 | 26.0 | 10.8 | -7.6% |
| Poland | 0.9 | 3.1 | 4.3 | 6.4 | 92.3% |
| Others | 79.4 | 93.8 | 71.8 | 64.5 | -6.7% |
| Total | 806 | 829 | 974 | 810 | 0.2% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to China in 2022:
- Singapore (581.1K units)
- Japan (578.9K units)
- Germany (262.3K units)
- France (140.8K units)
- Finland (73.3K units)
- Poland (71.3K units)
- United States (66.9K units)
- Switzerland (48.7K units)
- Italy (30.3K units)
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