Price for Non-Furniture Refrigerating or Freezing Equipment in Denmark - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Denmark (FOB) - 2023
- Price for Non-Furniture Refrigerating or Freezing Equipment in Denmark (CIF) - 2023
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Denmark
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Denmark
Price for Non-Furniture Refrigerating or Freezing Equipment in Denmark (FOB) - 2023
The average export price for non-furniture refrigerating or freezing equipment stood at $450 per unit in July 2023, approximately reflecting the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 11% month-to-month. As a result, the export price reached the peak level of $530 per unit. From January 2023 to July 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($757 per unit), while the average price for exports to Sweden ($277 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 Germany (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Denmark (CIF) - 2023
The average import price for non-furniture refrigerating or freezing equipment stood at $226 per unit in July 2023, almost unchanged from the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 25% m-o-m. As a result, import price reached the peak level of $286 per unit. From January 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($580 per unit), while the price for China ($119 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Ireland (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Non-Furniture Refrigerating or Freezing Equipment in Denmark
Non-furniture refrigerating or freezing equipment exports from Denmark reduced notably to 518K units in 2022, with a decrease of -16.4% against the previous year's figure. In general, exports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 6.2% against the previous year. Over the period under review, the exports hit record highs at 669K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, non-furniture refrigerating or freezing equipment exports dropped slightly to $222M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 9.8%. As a result, the exports attained the peak of $228M, and then reduced in the following year.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.2 | 31.9 | 25.2 | 33.4 | 48.5% |
| Germany | 15.6 | 13.9 | 13.7 | 17.3 | 3.5% |
| France | 15.3 | 12.5 | 25.2 | 16.9 | 3.4% |
| Norway | 15.9 | 13.9 | 16.3 | 16.5 | 1.2% |
| Sweden | 13.8 | 13.4 | 12.8 | 15.7 | 4.4% |
| South Korea | 19.8 | 12.1 | 10.1 | 11.2 | -17.3% |
| United Kingdom | 10.6 | 4.5 | 7.7 | 9.3 | -4.3% |
| Finland | 6.1 | 7.0 | 9.9 | 8.6 | 12.1% |
| Netherlands | 5.2 | 4.6 | 12.7 | 8.3 | 16.9% |
| Switzerland | 7.1 | 5.2 | 5.4 | 6.9 | -0.9% |
| China | 3.7 | 2.2 | 1.0 | 6.7 | 21.9% |
| Spain | 5.4 | 5.4 | 6.1 | 6.6 | 6.9% |
| Italy | 4.7 | 1.6 | 2.7 | 4.1 | -4.5% |
| Others | 86.8 | 79.7 | 79.5 | 60.0 | -11.6% |
| Total | 220 | 208 | 228 | 222 | 0.3% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Denmark in 2022:
- Germany (51.7K units)
- Norway (46.3K units)
- France (44.5K units)
- United States (44.4K units)
- Sweden (43.5K units)
- Finland (24.7K units)
- United Kingdom (24.2K units)
- Switzerland (23.1K units)
- Netherlands (22.3K units)
- South Korea (22.0K units)
- Italy (20.3K units)
- Spain (19.3K units)
- China (15.9K units)
Imports of Non-Furniture Refrigerating or Freezing Equipment in Denmark
In 2022, the amount of non-furniture refrigerating or freezing equipment imported into Denmark soared to 430K units, increasing by 20% against the previous year. The total import volume increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 22% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, non-furniture refrigerating or freezing equipment imports skyrocketed to $99M in 2022. The total import value increased at an average annual rate of +13.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 13.6 | 14.8 | 13.0 | 14.2 | 1.4% |
| Ireland | 9.3 | 9.3 | 7.2 | 12.8 | 11.2% |
| Italy | 5.7 | 8.4 | 11.0 | 11.5 | 26.4% |
| Germany | 5.6 | 4.9 | 8.3 | 10.2 | 22.1% |
| Sweden | 4.8 | 3.1 | 2.9 | 7.4 | 15.5% |
| Netherlands | 3.7 | 3.8 | 3.5 | 7.2 | 24.8% |
| Czech Republic | 1.4 | 6.3 | 6.0 | 5.6 | 58.7% |
| China | 1.7 | 2.1 | 3.8 | 5.2 | 45.2% |
| Poland | 6.0 | 6.7 | 7.6 | 4.9 | -6.5% |
| Others | 16.8 | 17.1 | 10.8 | 20.6 | 7.0% |
| Total | 68.6 | 76.5 | 74.2 | 99.4 | 13.2% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Denmark in 2022:
- France (76.0K units)
- China (50.7K units)
- Italy (49.4K units)
- Ireland (44.0K units)
- Czech Republic (38.1K units)
- Sweden (33.1K units)
- Germany (31.4K units)
- Netherlands (29.8K units)
- Poland (29.8K units)
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