China - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCommercial Refrigeration Equipment Prices in China
China Commercial Refrigeration Equipment Export Price in September 2022
In September 2022, the commercial refrigeration equipment price amounted to $432 per unit (FOB, China), waning by -1.6% against the previous month. Overall, export price indicated a pronounced expansion from January 2022 to September 2022: its price increased at an average monthly rate of +2.9% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, commercial refrigeration equipment export price decreased by -1.9% against July 2022 indices. The growth pace was the most rapid in July 2022 an increase of 19% month-to-month. As a result, the export price attained the peak level of $440 per unit. From August 2022 to September 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was Poland ($1,102 per unit), while the average price for exports to Brazil ($135 per unit) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
China Commercial Refrigeration Equipment Export Prices by Type
There were significant differences in the average prices for the major types of exported product. In September 2022, the product with the highest price was heat pumps (other than air conditioning machines) ($938 per unit), while the average price for exports of refrigerated show-cases totaled $372 per unit.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: refrigerating or freezing equipment; heat pumps, other than compression type units whose condensers are heat exchangers (+5.6%), while the prices for the other product experienced more modest paces of growth.
China Commercial Refrigeration Equipment Exports
In September 2022, shipments abroad of refrigerating and freezing equipment and heat pumps (except household type equipment) decreased by -5.6% to 1M units, falling for the fifth consecutive month after two months of growth. In general, exports showed a pronounced decline. The most prominent rate of growth was recorded in March 2022 when exports increased by 36% against the previous month. Over the period under review, the exports hit record highs at 1.7M units in April 2022; however, from May 2022 to September 2022, the exports stood at a somewhat lower figure.
In value terms, commercial refrigeration equipment exports declined to $453M (IndexBox estimates) in September 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when exports increased by 31% m-o-m. The exports peaked at 522M units in July 2022; however, from August 2022 to September 2022, the exports remained at a lower figure.
China Commercial Refrigeration Equipment Exports by Type
Refrigerated show-cases (372K units) was the largest type of commercial refrigeration equipment exported from China, with a 78% share of total exports. Moreover, refrigerated show-cases exceeded the volume of the second product type, heat pumps (other than air conditioning machines) (106K units), fourfold.
From January 2022 to September 2022, the average monthly growth rate of the volume of export of refrigerated show-cases totaled -4.0%.
In value terms, refrigerated show-cases ($138M) and heat pumps (other than air conditioning machines) ($100M) constituted the most exported types of refrigerating and freezing equipment and heat pumps (except household type equipment) from China worldwide.
Among the main product categories, heat pump, with a CAGR of -0.3%, saw the highest growth rate of the value of exports, over the period under review.
China Commercial Refrigeration Equipment Exports by Country
The United States (396K units) was the main destination for commercial refrigeration equipment exports from China, with a 38% share of total exports. Moreover, commercial refrigeration equipment exports to the United States exceeded the volume sent to the second major destination, Australia (74K units), fivefold. Brazil (57K units) ranked third in terms of total exports with a 5.4% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Australia (+3.4% per month) and Brazil (+7.5% per month).
In value terms, the United States ($66M), Australia ($34M) and Poland ($27M) appeared to be the largest markets for commercial refrigeration equipment exported from China worldwide, with a combined 28% share of total exports. Italy, Indonesia, Singapore, Malaysia, the Philippines, Germany, the Netherlands, Brazil, France and the UK lagged somewhat behind, together comprising a further 26%.
In terms of the main countries of destination, Singapore, with a CAGR of +20.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the commercial refrigeration equipment market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- 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 Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- 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 Of Destination, 2012–2024
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This report provides an in-depth analysis of the commercial refrigeration equipment market in China.
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