Australia - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOctober 2023 Sees Australia's Import of Commercial Refrigeration Equipment Soar to $58M
Australia Commercial Refrigeration Equipment Imports
In October 2023, approximately 1M units of refrigerating and freezing equipment and heat pumps (except household type equipment) were imported into Australia; picking up by 6.2% on the previous month. Overall, imports, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in August 2023 when imports increased by 90% m-o-m. As a result, imports attained the peak of 2M units. From September 2023 to October 2023, the growth of imports remained at a lower figure.
In value terms, commercial refrigeration equipment imports expanded notably to $58M (IndexBox estimates) in October 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when imports increased by 32% against the previous month. As a result, imports reached the peak of $74M. From September 2023 to October 2023, the growth of imports failed to regain momentum.
| COUNTRY | Import Value of Commercial Refrigeration Equipment in Australia (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| China | 37.3 | 33.8 | 28.9 | 28.9 | 21.7 | 25.2 | 27.0 | 27.0 | 31.1 | 35.5 | 28.7 | 28.0 | 34.1 |
| Italy | 5.1 | 5.6 | 6.7 | 6.7 | 3.0 | 6.0 | 9.0 | 7.2 | 5.6 | 5.1 | 8.3 | 4.7 | 3.5 |
| United States | 1.7 | 3.9 | 2.3 | 2.1 | 2.1 | 3.1 | 2.9 | 2.6 | 2.2 | 2.3 | 16.2 | 2.1 | 2.3 |
| France | 0.5 | 1.6 | 2.4 | 1.4 | 0.8 | 1.9 | 2.3 | 3.0 | 1.8 | 2.8 | 1.9 | 3.9 | 1.9 |
| Ireland | 3.8 | 0.6 | 2.2 | 0.8 | 2.7 | 1.3 | 1.9 | 1.5 | 1.4 | 1.7 | 3.6 | 2.8 | 1.8 |
| Thailand | 2.5 | 3.0 | 0.9 | 2.6 | 1.6 | 1.7 | 1.2 | 1.9 | 1.7 | 2.0 | 1.9 | 1.7 | 1.8 |
| Others | 10.9 | 10.1 | 7.6 | 8.9 | 7.9 | 9.8 | 9.1 | 10.3 | 8.1 | 6.2 | 13.0 | 9.7 | 12.1 |
| Total | 61.9 | 58.7 | 51.0 | 51.6 | 39.8 | 49.0 | 53.4 | 53.5 | 51.9 | 55.6 | 73.6 | 52.8 | 57.5 |
Imports by Country
In October 2023, China (479K units) constituted the largest supplier of commercial refrigeration equipment to Australia, with a 46% share of total imports. Moreover, commercial refrigeration equipment imports from China exceeded the figures recorded by the second-largest supplier, the United States (80K units), sixfold. Ireland (74K units) ranked third in terms of total imports with a 7.1% share.
From October 2022 to October 2023, the average monthly growth rate of volume from China stood at -4.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (+2.6% per month) and Ireland (-7.3% per month).
In value terms, China ($34M) constituted the largest supplier of commercial refrigeration equipment to Australia, comprising 59% of total imports. The second position in the ranking was held by Italy ($3.5M), with a 6.1% share of total imports. It was followed by the United States, with a 4% share.
From October 2022 to October 2023, the average monthly rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Italy (-3.1% per month) and the United States (+2.7% per month).
Imports by Type
In October 2023, non-furniture refrigerating or freezing equipment (1M units) was the main type of commercial refrigeration equipment supplied to Australia, accounting for a 96% share of total imports. It was followed by refrigerating or freezing display counters, cabinets, show-cases (21K units), with a 2% share of total imports.
From October 2022 to October 2023, the average monthly growth rate of the volume of import of non-furniture refrigerating or freezing equipment stood at -3.3%. With regard to the other supplied products, the following average monthly rates of growth were recorded: refrigerating or freezing display counters, cabinets, show-cases (+2.6% per month) and heat pumps other than air conditioning machines (+1.5% per month).
In value terms, the most traded types of refrigerating and freezing equipment and heat pumps (except household type equipment) in Australia were non-furniture refrigerating or freezing equipment ($24M), refrigerating or freezing display counters, cabinets, show-cases ($18M) and heat pumps other than air conditioning machines ($15M).
Import Prices by Country
In October 2023, the commercial refrigeration equipment price stood at $55.0 per unit (CIF, Australia), with an increase of 2.5% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.7%. The most prominent rate of growth was recorded in September 2023 an increase of 42% against the previous month. The import price peaked in October 2023.
Prices varied noticeably by the country of origin: the country with the highest price was China ($71.3 per unit), while the price for Ireland ($24.1 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the commercial refrigeration equipment market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
- Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
- Prodcom 28251340 -
- Prodcom 28251350 -
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
- Prodcom 28251390 - Other refrigerating or freezing equipment
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
