Price for Non-Furniture Refrigerating or Freezing Equipment in Ireland - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Ireland (FOB) - 2023
- Price for Non-Furniture Refrigerating or Freezing Equipment in Ireland (CIF) - 2022
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Ireland
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Ireland
Price for Non-Furniture Refrigerating or Freezing Equipment in Ireland (FOB) - 2023
In July 2023, the average export price for non-furniture refrigerating or freezing equipment amounted to $273 per unit, almost unchanged from the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 10% against the previous month. The export price peaked at $294 per unit in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Africa ($385 per unit), while the average price for exports to Lithuania ($225 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Ireland (CIF) - 2022
In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $232 per unit, with a decrease of -3.2% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-furniture refrigerating or freezing equipment import price increased by +95.7% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 35% against the previous year. As a result, import price reached the peak level of $240 per unit, and then dropped modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($643 per unit), while the price for China ($65 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Non-Furniture Refrigerating or Freezing Equipment in Ireland
In 2022, approx. 1.6M units of non-furniture refrigerating or freezing equipment were exported from Ireland; waning by -9% compared with 2021. Overall, exports saw a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of 25%. Over the period under review, the exports hit record highs at 1.9M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, non-furniture refrigerating or freezing equipment exports dropped slightly to $424M in 2022. Over the period under review, exports recorded a mild slump. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. The exports peaked at $442M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 132 | 114 | N/A | 95.4 | -10.3% |
| United States | 39.1 | 17.8 | N/A | 69.4 | 21.1% |
| Spain | 39.4 | 28.5 | N/A | 30.4 | -8.3% |
| France | 39.8 | 26.4 | N/A | 25.1 | -14.2% |
| Italy | 16.4 | 16.0 | N/A | 20.9 | 8.4% |
| Australia | 4.4 | 8.1 | N/A | 20.4 | 66.7% |
| Brazil | 14.9 | 12.4 | N/A | 18.7 | 7.9% |
| South Africa | 4.9 | 6.9 | N/A | 13.9 | 41.6% |
| United Arab Emirates | 1.0 | N/A | 35.4 | 12.6 | 132.7% |
| Poland | 16.7 | 5.4 | N/A | 10.9 | -13.3% |
| Japan | 8.4 | 7.4 | N/A | 7.6 | -3.3% |
| United Kingdom | 25.1 | 15.5 | N/A | 4.6 | -43.2% |
| Oman | N/A | N/A | 394 | 1.0 | -99.7% |
| Others | 99.8 | 95.5 | N/A | 92.8 | -2.4% |
| Total | 442 | 354 | 429 | 424 | -1.4% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Ireland in 2022:
- Germany (390.3K units)
- United States (265.6K units)
- United Arab Emirates (132.8K units)
- Spain (132.0K units)
- France (95.3K units)
- Brazil (88.7K units)
- Italy (88.7K units)
- Australia (88.4K units)
- South Africa (43.7K units)
- Poland (43.5K units)
- Japan (35.9K units)
- United Kingdom (20.9K units)
- Oman (3.6K units)
Imports of Non-Furniture Refrigerating or Freezing Equipment in Ireland
In 2022, non-furniture refrigerating or freezing equipment imports into Ireland soared to 235K units, rising by 36% on the previous year's figure. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 41%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment imports surged to $55M in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 91% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.4 | 2.4 | N/A | 13.4 | 112.3% |
| Spain | 1.0 | 0.9 | N/A | 12.9 | 134.5% |
| France | 5.1 | 5.7 | N/A | 8.2 | 17.2% |
| Italy | 4.1 | 3.0 | N/A | 5.7 | 11.6% |
| United States | 1.5 | 2.1 | N/A | 4.1 | 39.8% |
| China | 0.6 | 0.5 | N/A | 2.3 | 56.5% |
| Netherlands | 2.2 | 1.0 | N/A | 1.0 | -23.1% |
| Malaysia | N/A | N/A | N/A | 0.9 | 0% |
| Germany | 1.7 | 1.5 | N/A | 0.9 | -19.1% |
| Others | 3.0 | 4.5 | 41.3 | 5.4 | 21.6% |
| Total | 20.6 | 21.7 | 41.3 | 54.6 | 38.4% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Ireland in 2022:
- Spain (72.8K units)
- United Kingdom (46.4K units)
- France (38.1K units)
- China (35.7K units)
- Italy (24.7K units)
- United States (6.3K units)
- Malaysia (5.1K units)
- Netherlands (4.1K units)
- Germany (3.6K units)
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