Asia-Pacific: Refrigerated Show-Cases Market 2025

Refrigerated Show-Cases Market Size in Asia-Pacific

The Asia-Pacific refrigerated show-cases market rose to $X in 2022, picking up by 2.7% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.2% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Refrigerated Show-Cases Production in Asia-Pacific

In value terms, refrigerated show-cases production totaled $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.0% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 20%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Refrigerated Show-Cases Exports

Exports in Asia-Pacific

In 2022, after five years of growth, there was decline in overseas shipments of refrigerated show-caseses, when their volume decreased by -2.7% to X units. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. The volume of export peaked at X units in 2021, and then reduced modestly in the following year.

In value terms, refrigerated show-cases exports expanded notably to $X in 2022. Overall, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

China dominates exports structure, finishing at X units, which was approx. 92% of total exports in 2022. Thailand (X units) held a relatively small share of total exports.

China was also the fastest-growing in terms of the refrigerated show-caseses exports, with a CAGR of +13.4% from 2012 to 2022. At the same time, Thailand (+11.9%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by +13 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest refrigerated show-cases supplier in Asia-Pacific, comprising 86% of total exports. The second position in the ranking was held by Thailand ($X), with a 5.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +14.0%.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, increasing by 11% against the previous year. Overall, the export price, however, continues to indicate a noticeable shrinkage. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%).

Refrigerated Show-Cases Imports

Imports in Asia-Pacific

In 2022, approx. X units of refrigerated show-caseses were imported in Asia-Pacific; increasing by 10% against 2021 figures. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, refrigerated show-cases imports rose markedly to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.0% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X units), distantly followed by the Philippines (X units), Japan (X units), India (X units), Indonesia (X units), Thailand (X units), Malaysia (X units), Hong Kong SAR (X units) and Vietnam (X units) were the largest importers of refrigerated show-caseses, together constituting 81% of total imports.

From 2012 to 2022, average annual rates of growth with regard to refrigerated show-cases imports into Australia stood at +10.6%. At the same time, Thailand (+28.7%), Japan (+15.7%), the Philippines (+15.2%), Indonesia (+8.2%), Hong Kong SAR (+7.1%), India (+5.9%), Malaysia (+4.6%) and Vietnam (+4.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +28.7% from 2012-2022. While the share of Thailand (+5.4 p.p.), the Philippines (+4.4 p.p.), Japan (+4 p.p.) and Australia (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-2.6 p.p.), Vietnam (-3.1 p.p.) and Malaysia (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest refrigerated show-cases importing markets in Asia-Pacific were Australia ($X), Japan ($X) and Indonesia ($X), with a combined 53% share of total imports. The Philippines, Vietnam, India, Thailand, Malaysia and Hong Kong SAR lagged somewhat behind, together accounting for a further 29%.

The Philippines, with a CAGR of +18.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, reducing by -2.3% against the previous year. Overall, the import price saw a slight decrease. The growth pace was the most rapid in 2015 an increase of 9.9%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform