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Italy - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Italy - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights

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Oct 6, 2023

Italy Sees 3% Surge in Price of Refrigeration Equipment to Reach $493 per Unit

Italy Commercial Refrigeration Equipment Export Price in June 2023

In June 2023, the commercial refrigeration equipment price stood at $493 per unit (FOB, Italy), rising by 2.7% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in February 2023 when the average export price increased by 15% month-to-month. The export price peaked in June 2023.

Prices varied noticeably by the country of destination: the country with the highest price was France ($678 per unit), while the average price for exports to Turkey ($257 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Italy Commercial Refrigeration Equipment Export Prices By Country (USD Per Unit)
COUNTRYExport Price of Commercial Refrigeration Equipment in Italy (USD per unit)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
France453463420479449522546588700679595640678
Belgium326278203242234260281265287379260343623
Spain353296282241260269319363385452275383603
Canada327259489264350289357298506487802843537
United Kingdom389377416360380348321413390393451492493
Germany412321372394353452406368403408361519434
Turkey170185216166152204186186178209236203257
Average402344356347368369404374431470433480493

Italy Commercial Refrigeration Equipment Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In June 2023, the product with the highest price was heat pumps (other than air conditioning machines) ($2,252 per unit), while the average price for exports of refrigerating or freezing equipment ($273 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for the following types: heat pump (+3.7%), while the prices for the other products experienced more modest paces of growth.

Italy Commercial Refrigeration Equipment Exports

In June 2023, exports of refrigerating and freezing equipment and heat pumps (except household type equipment) from Italy amounted to 531K units, stabilizing at the month before. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 with an increase of 82% against the previous month. The exports peaked at 822K units in July 2022; however, from August 2022 to June 2023, the exports failed to regain momentum.

In value terms, commercial refrigeration equipment exports rose slightly to $262M (IndexBox estimates) in June 2023. In general, total exports indicated mild growth from June 2022 to June 2023: its value increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, exports decreased by -12.6% against March 2023 indices. The growth pace was the most rapid in September 2022 with an increase of 77% m-o-m. The exports peaked at 299M units in March 2023; however, from April 2023 to June 2023, the exports failed to regain momentum.

Italy Commercial Refrigeration Equipment Exports by Type

Refrigerating or freezing equipment (408K units) was the largest type of commercial refrigeration equipment exported from Italy, with a 77% share of total exports. Moreover, refrigerating or freezing equipment exceeded the volume of the second product type, refrigerated show-cases (104K units), fourfold.

From June 2022 to June 2023, the average monthly growth rate of the volume of export of refrigerating or freezing equipment was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: refrigerated show-cases (-1.4% per month) and heat pumps (other than air conditioning machines) (+0.9% per month).

In value terms, refrigerating or freezing equipment ($111M), refrigerated show-cases ($107M) and heat pumps (other than air conditioning machines) ($43M) were the most exported types of refrigerating and freezing equipment and heat pumps (except household type equipment) from Italy worldwide.

Among the main product categories, heat pump, with a CAGR of +4.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced mixed trend patterns.

Italy Commercial Refrigeration Equipment Exports by Country

Germany (67K units), France (51K units) and the United Arab Emirates (35K units) were the main destinations of commercial refrigeration equipment exports from Italy, together comprising 29% of total exports. These countries were followed by the United States, the UK, Spain, Belgium, Switzerland, Turkey, Iran, Saudi Arabia, Brazil and Poland, which together accounted for a further 37%.

From June 2022 to June 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iran (with a CAGR of +16.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for commercial refrigeration equipment exported from Italy were France ($34M), Germany ($29M) and the United States ($16M), with a combined 31% share of total exports. Spain, the UK, Belgium, Switzerland, the United Arab Emirates, Poland, Turkey, Saudi Arabia, Brazil and Iran lagged somewhat behind, together accounting for a further 32%.

Iran, with a CAGR of +17.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the commercial refrigeration equipment market in Italy. 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:

  • Italy

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Italy
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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