Australia and Oceania: Commercial Refrigeration Equipment Market 2024

Commercial Refrigeration Equipment Exports

Exports in Australia and Oceania

In 2021, overseas shipments of refrigerating and freezing equipment and heat pumps (except household type equipment) increased by 66% to X units, rising for the second year in a row after three years of decline. Total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.0% against 2019 indices. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, commercial refrigeration equipment exports surged to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Australia was the main exporting country with an export of around X units, which resulted at 64% of total exports. It was distantly followed by New Zealand (X units), comprising a 34% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Australia (with a CAGR of +8.1%).

In value terms, the largest commercial refrigeration equipment supplying countries in Australia and Oceania were New Zealand ($X) and Australia ($X).

Australia, with a CAGR of +10.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, rising by 2.8% against the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in 2017 an increase of 27%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.8%).

Commercial Refrigeration Equipment Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of refrigerating and freezing equipment and heat pumps (except household type equipment) was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 86%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, commercial refrigeration equipment imports soared to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +12.0% against 2016 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 54% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Australia was the key importer of refrigerating and freezing equipment and heat pumps (except household type equipment) in Australia and Oceania, with the volume of imports reaching X units, which was approx. 86% of total imports in 2021. It was distantly followed by New Zealand (X units), achieving a 10% share of total imports.

Imports into Australia increased at an average annual rate of +2.3% from 2012 to 2021. At the same time, New Zealand (+7.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +7.1% from 2012-2021. While the share of New Zealand (+3.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-1.9 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported refrigerating and freezing equipment and heat pumps (except household type equipment) in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at +6.6%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, rising by 9.2% against the previous year. Over the last nine years, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2017 an increase of 29% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :