United Kingdom - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUK Imports of Commercial Refrigeration Equipment Drop Significantly to $73M in December 2023
United Kingdom Commercial Refrigeration Equipment Imports
In December 2023, approximately 171K units of refrigerating and freezing equipment and heat pumps (except household type equipment) were imported into the UK; with a decrease of -1.5% against the month before. In general, imports, however, showed a modest expansion. The most prominent rate of growth was recorded in March 2023 with an increase of 60% against the previous month. Over the period under review, imports attained the peak figure at 359K units in June 2023; however, from July 2023 to December 2023, imports stood at a somewhat lower figure.
In value terms, commercial refrigeration equipment imports shrank to $73M (IndexBox estimates) in December 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 with an increase of 19% against the previous month. Over the period under review, imports hit record highs at 88M units in June 2023; however, from July 2023 to December 2023, imports remained at a lower figure.
| COUNTRY | Import Value of Commercial Refrigeration Equipment in United Kingdom (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
| Germany | 4.1 | 6.2 | 4.1 | 2.5 | 4.0 | 6.7 | 6.4 | 3.6 | 3.8 | 3.2 | 5.8 | 4.4 | 15.5 |
| Italy | 15.3 | 11.5 | 10.3 | 15.5 | 11.7 | 16.8 | 17.3 | 17.9 | 11.8 | 12.9 | 14.2 | 18.5 | 14.8 |
| France | 8.8 | 4.4 | 9.5 | 14.6 | 8.5 | 10.3 | 11.7 | 9.9 | 7.2 | 6.3 | 8.7 | 11.0 | 8.5 |
| China | 8.4 | 9.4 | 10.1 | 11.1 | 11.7 | 13.7 | 16.6 | 13.3 | 17.8 | 16.9 | 16.0 | 12.7 | 8.5 |
| Turkey | 3.7 | 9.0 | 3.7 | 4.2 | 6.9 | 7.0 | 8.9 | 9.5 | 8.5 | 8.5 | 7.4 | 4.4 | 3.8 |
| Ireland | 2.3 | 3.0 | 2.0 | 1.1 | 0.9 | 1.1 | 0.8 | 0.7 | 1.6 | 1.7 | 2.0 | 1.2 | 1.3 |
| Portugal | 1.4 | 0.8 | 2.3 | 1.5 | 1.4 | 1.5 | 1.8 | 2.0 | 1.6 | 1.3 | 1.3 | 1.3 | 1.2 |
| Others | 21.0 | 20.5 | 22.4 | 23.8 | 20.3 | 20.5 | 24.8 | 26.6 | 25.3 | 24.3 | 21.8 | 24.2 | 19.0 |
| Total | 65.0 | 64.8 | 64.4 | 74.3 | 65.3 | 77.5 | 88.4 | 83.5 | 77.5 | 75.0 | 77.3 | 77.9 | 72.7 |
Imports by Country
In December 2023, France (74K units) constituted the largest supplier of commercial refrigeration equipment to the UK, accounting for a 43% share of total imports. Moreover, commercial refrigeration equipment imports from France exceeded the figures recorded by the second-largest supplier, Italy (36K units), twofold. China (16K units) ranked third in terms of total imports with a 9.4% share.
From December 2022 to December 2023, the average monthly rate of growth in terms of volume from France totaled +7.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Italy (-0.6% per month) and China (-5.2% per month).
In value terms, Germany ($16M), Italy ($15M) and France ($8.5M) appeared to be the largest commercial refrigeration equipment suppliers to the UK, together accounting for 53% of total imports.
Among the main suppliers, Germany, with a CAGR of +11.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
Non-furniture refrigerating or freezing equipment (111K units) and refrigerating or freezing display counters, cabinets, show-cases (60K units) were the main products of commercial refrigeration equipment imports to the UK.
From December 2022 to December 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by refrigerating show-cases (with a CAGR of +5.4%).
In value terms, non-furniture refrigerating or freezing equipment ($46M) constituted the largest type of commercial refrigeration equipment supplied to the UK, comprising 64% of total imports. The second position in the ranking was taken by refrigerating or freezing display counters, cabinets, show-cases ($17M), with a 23% share of total imports.
Import Prices by Country
In December 2023, the commercial refrigeration equipment price amounted to $425 per unit (CIF, United Kingdom), with a decrease of -5.3% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average import price increased by 78% against the previous month. Over the period under review, average import prices attained the maximum at $461 per unit in October 2023; however, from November 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Portugal ($3,284 per unit), while the price for France ($116 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), 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 the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- 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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
