Austria: Commercial Refrigeration Equipment Market 2024

Commercial Refrigeration Equipment Market Size in Austria

In 2021, the Austrian commercial refrigeration equipment market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a remarkable increase. Commercial refrigeration equipment consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Commercial Refrigeration Equipment Production in Austria

In value terms, commercial refrigeration equipment production soared to $X in 2021 estimated in export price. Overall, production enjoyed buoyant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Commercial Refrigeration Equipment Exports

Exports from Austria

In 2021, the amount of refrigerating and freezing equipment and heat pumps (except household type equipment) exported from Austria surged to X units, growing by 26% against 2020 figures. The total export volume increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, commercial refrigeration equipment exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +6.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for commercial refrigeration equipment exports from Austria, accounting for a 36% share of total exports. Moreover, commercial refrigeration equipment exports to Germany exceeded the volume sent to the second major destination, France (X units), sixfold. The third position in this ranking was taken by Liechtenstein (X units), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-0.2% per year) and Liechtenstein (+49.0% per year).

In value terms, Germany ($X) remains the key foreign market for refrigerating and freezing equipment and heat pumps (except household type equipment) exports from Austria, comprising 35% of total exports. The second position in the ranking was taken by France ($X), with a 5.7% share of total exports. It was followed by Switzerland, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+2.4% per year) and Switzerland (+3.8% per year).

Export Prices by Country

In 2021, the average commercial refrigeration equipment export price amounted to $X per unit, picking up by 1.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 8.2%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Liechtenstein ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Commercial Refrigeration Equipment Imports

Imports into Austria

Commercial refrigeration equipment imports into Austria surged to X units in 2021, rising by 29% compared with the year before. In general, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, commercial refrigeration equipment imports skyrocketed to $X in 2021. Over the period under review, imports showed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 37%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

Germany (X units), Italy (X units) and Belgium (X units) were the main suppliers of commercial refrigeration equipment imports to Austria, with a combined 56% share of total imports. The Czech Republic, China, Liechtenstein, France, Poland, Thailand, the Netherlands, Denmark, Romania and Turkey lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Liechtenstein (with a CAGR of +228.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Italy ($X) were the largest commercial refrigeration equipment suppliers to Austria, with a combined 70% share of total imports. China, Belgium, France, Liechtenstein, the Netherlands, Denmark, Poland, Romania, Turkey and Thailand lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Liechtenstein, with a CAGR of +210.4%, 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.

Import Prices by Country

In 2021, the average commercial refrigeration equipment import price amounted to $X per unit, shrinking by -3.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2020 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :