Global Commercial Refrigeration Equipment Market 2024

Commercial Refrigeration Equipment Market Size

The global commercial refrigeration equipment market stood at $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Commercial Refrigeration Equipment Production

In value terms, commercial refrigeration equipment production shrank slightly to $X in 2022 estimated in export price. In general, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, global production growth remained at a lower figure.

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Commercial Refrigeration Equipment Exports

Exports

In 2022, the amount of refrigerating and freezing equipment and heat pumps (except household type equipment) exported worldwide amounted to X units, growing by X% compared with the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, commercial refrigeration equipment exports expanded remarkably to $X in 2022. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, China (X units), distantly followed by Italy (X units), France (X units), Mexico (X units), the United States (X units) and Germany (X units) represented the key exporters of refrigerating and freezing equipment and heat pumps (except household type equipment), together mixing up X% of total exports. The following exporters - Singapore (X units), South Korea (X units), Turkey (X units), Ireland (X units), the Netherlands (X units), Spain (X units) and Belgium (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Ireland (X%), the Netherlands (X%), Spain (X%), Italy (X%), Turkey (X%), Belgium (X%), Germany (X%), France (X%), Mexico (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, the United States (X%) illustrated a downward trend over the same period. Italy (X p.p.) and Ireland (X p.p.) significantly strengthened its position in terms of the global exports, while the United States saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Germany, France, Mexico, Turkey, Singapore, the Netherlands, Belgium, Spain, South Korea and Ireland lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average commercial refrigeration equipment export price amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while South Korea ($X 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 States (X%), while the other global leaders experienced more modest paces of growth.

Commercial Refrigeration Equipment Imports

Imports

Global commercial refrigeration equipment imports shrank modestly to X units in 2022, therefore, remained relatively stable against 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, leveling off in the following year.

In value terms, commercial refrigeration equipment imports expanded markedly to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, global imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X units), distantly followed by Germany (X units) and Canada (X units) were the major importers of refrigerating and freezing equipment and heat pumps (except household type equipment), together committing X% of total imports. The following importers - the UK (X units), France (X units), the Netherlands (X units), Australia (X units), the United Arab Emirates (X units), Italy (X units), Spain (X units), Mexico (X units), Angola (X units) and Indonesia (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to commercial refrigeration equipment imports into the United States stood at X%. At the same time, Angola (X%), the Netherlands (X%), Germany (X%), Italy (X%), the UK (X%), France (X%), Indonesia (X%), Canada (X%), Spain (X%), the United Arab Emirates (X%), Mexico (X%) and Australia (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United States and Germany increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest commercial refrigeration equipment importing markets worldwide were the United States ($X), Germany ($X) and France ($X), together accounting for X% of global imports. Canada, the UK, Italy, the Netherlands, Australia, Spain, Mexico, the United Arab Emirates, Indonesia and Angola lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average commercial refrigeration equipment import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while Angola ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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