Price for Non-Furniture Refrigerating or Freezing Equipment in Norway - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Norway (CIF) - 2023
- Price for Non-Furniture Refrigerating or Freezing Equipment in Norway (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Norway
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Norway
Price for Non-Furniture Refrigerating or Freezing Equipment in Norway (CIF) - 2023
In August 2023, the average import price for non-furniture refrigerating or freezing equipment amounted to $287 per unit, with an increase of 13% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in July 2023 when the average import price increased by 29% against the previous month. Over the period under review, average import prices hit record highs at $291 per unit in December 2022; however, from January 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($386 per unit), while the price for Hungary ($126 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Norway (FOB) - 2022
In 2022, the average export price for non-furniture refrigerating or freezing equipment amounted to $390 per unit, picking up by 49% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($599 per unit), while the average price for exports to the United Arab Emirates ($28 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 Angola (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Norway
In 2022, approx. 352K units of non-furniture refrigerating or freezing equipment were imported into Norway; which is down by -1.6% on the previous year. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 8% against the previous year. Imports peaked at 360K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, non-furniture refrigerating or freezing equipment imports totaled $79M in 2022. The total import value increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 13.8 | 12.5 | 14.0 | 13.7 | -0.2% |
| Italy | 8.4 | 7.0 | 11.5 | 12.2 | 13.2% |
| Sweden | 9.9 | 10.1 | 11.5 | 11.9 | 6.3% |
| Czech Republic | 14.5 | 9.9 | 10.0 | 7.6 | -19.4% |
| Germany | 3.9 | 3.8 | 4.0 | 7.2 | 22.7% |
| China | 3.1 | 3.5 | 5.4 | 5.6 | 21.8% |
| France | 2.9 | 2.3 | 2.3 | 2.8 | -1.2% |
| Hungary | 2.2 | 2.5 | 2.8 | 2.2 | 0.0% |
| Others | 13.4 | 14.2 | 14.1 | 15.6 | 5.2% |
| Total | 72.0 | 65.8 | 75.6 | 78.9 | 3.1% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Norway in 2022:
- Sweden (73.1K units)
- Czech Republic (49.6K units)
- Italy (47.5K units)
- China (45.7K units)
- Denmark (36.2K units)
- Germany (21.9K units)
- Hungary (20.4K units)
- France (12.3K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Norway
In 2022, after three years of growth, there was significant decline in overseas shipments of non-furniture refrigerating or freezing equipment, when their volume decreased by -59.6% to 19K units. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, the exports attained the peak of 47K units, and then contracted markedly in the following year.
In value terms, non-furniture refrigerating or freezing equipment exports fell sharply to $7.4M in 2022. Overall, exports showed a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 19%. The exports peaked at $12M in 2021, and then shrank rapidly in the following year.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2,408 | 2,834 | 5,949 | 3,649 | 14.9% |
| Lithuania | N/A | N/A | 220 | 1,100 | 400.0% |
| Brazil | 3.6 | N/A | 3.1 | 645 | 463.7% |
| Chile | N/A | N/A | N/A | 438 | 0% |
| Germany | 135 | 146 | 66.5 | 351 | 37.5% |
| Poland | 1,040 | 1,510 | 1,166 | 309 | -33.3% |
| United Kingdom | 164 | 149 | 492 | 202 | 7.2% |
| Sweden | 387 | 204 | 450 | 150 | -27.1% |
| United Arab Emirates | N/A | N/A | 49.3 | 15.3 | -69.0% |
| Russia | 3,158 | 3,402 | 1,662 | N/A | -27.5% |
| India | 437 | 3.1 | N/A | N/A | -99.3% |
| Others | 2,107 | 3,424 | 2,232 | 533 | -36.8% |
| Total | 9,840 | 11,672 | 12,291 | 7,393 | -9.1% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Norway in 2022:
- Turkey (10.5K units)
- Lithuania (2.4K units)
- Brazil (1.6K units)
- Germany (1.2K units)
- Poland (1.0K units)
- United Kingdom (0.8K units)
- Chile (0.8K units)
- Sweden (0.7K units)
- United Arab Emirates (0.5K units)
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