Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Indonesia - 2022
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Indonesia (FOB) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Indonesia (CIF) - 2022
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Indonesia
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Indonesia
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Indonesia (FOB) - 2022
In March 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $49.2 per unit, increasing by 5% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in November 2021 when the average export price increased by 14% month-to-month. Over the period under review, the average export prices attained the maximum at $49.9 per unit in September 2021; however, from October 2021 to March 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($61.7 per unit), while the average price for exports to Germany ($27.9 per unit) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+10.0%), 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 Indonesia (CIF) - 2022
In 2022, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $19 per unit, growing by 48% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 increased by +67.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Finland ($67 per unit), while the price for China ($13 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+15.7%), 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 Indonesia
In 2022, exports of refrigerating or freezing equipment; parts thereof, other than furniture from Indonesia skyrocketed to 2.3M units, increasing by 19% compared with 2021 figures. The total export volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained consistent, with only minor 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 amounted to $99M in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 27.0 | 33.1 | 32.1 | 33.6 | 7.6% |
| South Korea | 4.9 | 4.7 | 7.0 | 10.7 | 29.7% |
| Australia | 7.4 | 6.9 | 9.1 | 7.8 | 1.8% |
| Vietnam | 6.8 | 6.0 | 4.8 | 7.2 | 1.9% |
| Japan | 4.7 | 4.5 | 4.5 | 7.0 | 14.2% |
| China | 9.1 | 6.8 | 9.1 | 6.4 | -11.1% |
| Thailand | 3.7 | 3.6 | 3.8 | 6.2 | 18.8% |
| India | 12.2 | 7.2 | 3.1 | 3.7 | -32.8% |
| Turkey | 0.2 | N/A | N/A | 3.6 | 162.1% |
| Germany | 2.3 | 1.9 | 2.4 | 1.9 | -6.2% |
| Philippines | 2.3 | 1.6 | 1.4 | 1.3 | -17.3% |
| Others | 8.0 | 6.4 | 10.9 | 9.8 | 7.0% |
| Total | 88.5 | 82.7 | 88.2 | 99.2 | 3.9% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Indonesia in 2022:
- Singapore (576.0K units)
- Turkey (439.7K units)
- South Korea (226.7K units)
- China (175.1K units)
- Japan (143.1K units)
- Vietnam (142.0K units)
- Australia (132.9K units)
- Thailand (129.8K units)
- India (70.7K units)
- Germany (59.5K units)
- Philippines (33.5K units)
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Indonesia
Imports of refrigerating or freezing equipment; parts thereof, other than furniture into Indonesia stood at 4.9M units in 2022, with an increase of 3.5% against the previous year. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 8%. As a result, imports reached the peak of 5.4M units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture soared to $94M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 49.0 | 41.0 | 43.5 | 56.9 | 5.1% |
| Finland | N/A | N/A | N/A | 18.6 | 0% |
| South Korea | 4.7 | 4.4 | 4.8 | 5.1 | 2.8% |
| Others | 16.6 | 16.7 | 13.0 | 13.6 | -6.4% |
| Total | 70.2 | 62.1 | 61.4 | 94.2 | 10.3% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Indonesia in 2022:
- China (4.2M units)
- Finland (0.3M units)
- South Korea (0.2M units)
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