Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Czech Republic - 2023

Contents:

1. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Czech Republic (FOB) - 2023
2. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Czech Republic (CIF) - 2023
3. Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Czech Republic
4. Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Czech Republic

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Czech Republic (FOB) - 2023

In November 2023, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $67.9 per unit, stabilizing at the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in December 2022 an increase of 8.1% m-o-m. The export price peaked at $68.4 per unit in October 2023, and then dropped slightly in the following month.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Austria ($93.2 per unit), while the average price for exports to Finland ($39.7 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Czech Republic (CIF) - 2023

The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $47.6 per unit in November 2023, increasing by 31% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 116% against the previous month. Over the period under review, average import prices attained the peak figure at $60.2 per unit in January 2023; however, from February 2023 to November 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was France ($71.2 per unit), while the price for Portugal ($28.3 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Czech Republic

In 2022, after two years of decline, there was significant growth in overseas shipments of refrigerating or freezing equipment; parts thereof, other than furniture, when their volume increased by 21% to 8.3M units. The total export volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture surged to $453M in 2022. The total export value increased at an average annual rate of +10.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from the Czech Republic in 2022:

1. Germany (2867.8K units)
2. Slovakia (682.0K units)
3. France (607.5K units)
4. Spain (478.2K units)
5. Poland (446.9K units)
6. Italy (373.1K units)
7. Austria (367.9K units)
8. Netherlands (268.7K units)
9. Finland (257.3K units)
10. Hungary (248.9K units)
11. Ireland (209.3K units)
12. United Kingdom (180.4K units)
13. Romania (138.6K units)

Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Czech Republic

In 2022, approx. 2.7M units of refrigerating or freezing equipment; parts thereof, other than furniture were imported into the Czech Republic; increasing by 12% on the previous year. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture fell to $121M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 37%. As a result, imports attained the peak of $123M, and then fell in the following year.

Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to the Czech Republic in 2022:

1. Germany (697.4K units)
2. Poland (326.0K units)
3. Italy (297.7K units)
4. Slovakia (234.7K units)
5. China (215.9K units)
6. France (159.2K units)
7. Austria (153.7K units)
8. Portugal (146.3K units)
9. Malaysia (134.1K units)
10. Romania (19.2K units)

Source: IndexBox Market Intelligence Platform