EU: Commercial Refrigeration Equipment Market 2024

Commercial Refrigeration Equipment Market Size in the EU

The EU commercial refrigeration equipment market rose significantly to $X in 2021, picking up by 5.1% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to continue growth in the immediate term.

Commercial Refrigeration Equipment Production in the EU

In value terms, commercial refrigeration equipment production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 16% against the previous year. The level of production peaked in 2021 and is likely to continue growth in years to come.

Commercial Refrigeration Equipment Exports

Exports in the EU

In 2021, the amount of refrigerating and freezing equipment and heat pumps (except household type equipment) exported in the European Union soared to X units, increasing by 20% against 2020. The total export volume increased at an average annual rate of +4.3% 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 reached the peak and are likely to continue growth in the immediate term.

In value terms, commercial refrigeration equipment exports surged to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Italy (X units), distantly followed by France (X units), Germany (X units), Ireland (X units), the Netherlands (X units) and Belgium (X units) represented the largest exporters of refrigerating and freezing equipment and heat pumps (except household type equipment), together creating 71% of total exports. Spain (X units), the Czech Republic (X units), Austria (X units), Denmark (X units), Sweden (X units) and Poland (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +23.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 49% of total exports. These countries were followed by Austria, the Czech Republic, Sweden, Belgium, Ireland, Spain, the Netherlands, Poland and Denmark, which together accounted for a further 43%.

Poland, with a CAGR of +16.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, increasing by 10% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per unit), while Ireland ($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 (+12.1%), while the other leaders experienced more modest paces of growth.

Commercial Refrigeration Equipment Imports

Imports in the EU

In 2021, the amount of refrigerating and freezing equipment and heat pumps (except household type equipment) imported in the European Union skyrocketed to X units, rising by 29% against the previous year's figure. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +111.4% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, commercial refrigeration equipment imports surged to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.8% 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 +101.6% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units), distantly followed by France (X units), the Netherlands (X units), Belgium (X units), Spain (X units), Italy (X units) and Poland (X units) represented the key importers of refrigerating and freezing equipment and heat pumps (except household type equipment), together comprising 76% of total imports. Austria (X units), Denmark (X units), Sweden (X units), the Czech Republic (X units), Romania (X units) and Hungary (X units) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +18.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 49% of total imports.

The Netherlands, with a CAGR of +15.6%, recorded the highest rates of growth with regard to 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 the European Union stood at $X per unit in 2021, rising by 11% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Spain ($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 (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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