Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bahrain - 2022
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bahrain (CIF) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bahrain (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bahrain
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bahrain
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bahrain (CIF) - 2022
In 2022, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $45 per unit, jumping by 25% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for refrigerating or freezing equipment; parts thereof, other than furniture decreased by -20.2% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 28% against the previous year. As a result, import price reached the peak level of $56 per unit. From 2019 to 2022, the average import prices failed to regain momentum.
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 the United States ($124 per unit), while the price for India ($14 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.1%), 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 Bahrain (FOB) - 2022
In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $26 per unit, standing approx. at the previous year. Overall, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 73%. As a result, the export price attained the peak level of $39 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($28 per unit), while the average price for exports to Georgia ($1.8 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 Germany (+118.0%), 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 Bahrain
In 2022, purchases abroad of refrigerating or freezing equipment; parts thereof, other than furniture decreased by -46.8% to 52K units, falling for the second consecutive year after two years of growth. In general, imports faced a dramatic curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 44%. As a result, imports reached the peak of 161K units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture declined sharply to $2.3M in 2022. Overall, imports continue to indicate a significant decline. The pace of growth was the most pronounced in 2020 when imports increased by 28% against the previous year. As a result, imports reached the peak of $7.8M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,857 | 4,641 | 1,422 | 498 | -44.1% |
| Italy | 367 | 570 | 451 | 394 | 2.4% |
| France | 295 | 90.4 | 335 | 228 | -8.2% |
| Thailand | 68.3 | 21.2 | 79.0 | 167 | 34.7% |
| Poland | 124 | 28.0 | 79.4 | 112 | -3.3% |
| Romania | 39.7 | 79.5 | 86.0 | 108 | 39.6% |
| India | 128 | 325 | 346 | 108 | -5.5% |
| United States | 770 | 96.9 | 88.1 | 107 | -48.2% |
| South Korea | 28.5 | 67.0 | 41.9 | 91.1 | 47.3% |
| United Arab Emirates | 8.1 | 2.0 | 53.0 | 81.6 | 116.0% |
| Egypt | 38.5 | 38.4 | 15.9 | 35.8 | -2.4% |
| Saudi Arabia | 123 | 146 | 2.5 | 28.9 | -38.3% |
| Turkey | 130 | 37.9 | 29.2 | 24.4 | -42.7% |
| Others | 1,105 | 1,613 | 464 | 345 | -32.2% |
| Total | 6,081 | 7,756 | 3,492 | 2,329 | -27.4% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Bahrain in 2022:
- China (12.2K units)
- Italy (8.4K units)
- India (7.9K units)
- France (6.0K units)
- Thailand (3.9K units)
- Poland (1.9K units)
- United Arab Emirates (1.6K units)
- Romania (1.5K units)
- Turkey (1.3K units)
- South Korea (1.3K units)
- Saudi Arabia (1.0K units)
- United States (0.9K units)
- Egypt (0.8K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bahrain
In 2022, exports of refrigerating or freezing equipment; parts thereof, other than furniture from Bahrain expanded to 84K units, surging by 4.5% on the previous year's figure. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 216% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture amounted to $2.2M in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 183% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | N/A | 235 | 1,456 | 1,413 | 145.2% |
| Egypt | N/A | 145 | 273 | 436 | 73.4% |
| Saudi Arabia | 256 | 354 | 357 | 288 | 4.0% |
| United Arab Emirates | 8.9 | 13.7 | 4.6 | 13.3 | 14.3% |
| Georgia | N/A | N/A | N/A | 3.3 | 0% |
| Others | 20.7 | 2.9 | 30.0 | 33.7 | 17.6% |
| Total | 285 | 750 | 2,121 | 2,188 | 97.3% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Bahrain in 2022:
- Kuwait (52.1K units)
- Egypt (16.7K units)
- Saudi Arabia (10.3K units)
- United Arab Emirates (1.9K units)
- Georgia (1.8K units)
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