France: Commercial Refrigeration Equipment Market 2024

Commercial Refrigeration Equipment Market Size in France

The French commercial refrigeration equipment market expanded significantly to $X in 2021, rising by 8.5% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Commercial Refrigeration Equipment Production in France

In value terms, commercial refrigeration equipment production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 11%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Commercial Refrigeration Equipment Exports

Exports from France

In 2021, approx. X units of refrigerating and freezing equipment and heat pumps (except household type equipment) were exported from France; increasing by 16% against 2020. Overall, exports showed a relatively flat trend pattern. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, commercial refrigeration equipment exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), Spain (X units) and Italy (X units) were the main destinations of commercial refrigeration equipment exports from France, with a combined 28% share of total exports. The UK, Egypt, the Netherlands, the United Arab Emirates, Poland, Israel, Turkey, Belgium, Qatar and Switzerland lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +11.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for commercial refrigeration equipment exported from France were Germany ($X), Spain ($X) and the UK ($X), together accounting for 36% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +11.7%, 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.

Export Prices by Country

In 2021, the average commercial refrigeration equipment export price amounted to $X per unit, almost unchanged from the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2018 when the average export price increased by 37%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Egypt ($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 Spain (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Commercial Refrigeration Equipment Imports

Imports into France

Commercial refrigeration equipment imports into France skyrocketed to X units in 2021, picking up by 34% against the previous year. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +9.0% 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 +129.1% against 2013 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 skyrocketed to $X in 2021. In general, imports showed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), China (X units) and Spain (X units) were the main suppliers of commercial refrigeration equipment imports to France, with a combined 56% share of total imports. These countries were followed by Germany, Belgium, Ireland, the Netherlands, the UK, Japan, Austria, Turkey, the Czech Republic and Denmark, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +42.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest commercial refrigeration equipment suppliers to France were Italy ($X), China ($X) and Germany ($X), together comprising 54% of total imports. These countries were followed by Spain, Belgium, Japan, the UK, Austria, Ireland, the Netherlands, the Czech Republic, Turkey and Denmark, which together accounted for a further 36%.

In terms of the main suppliers, Japan, with a CAGR of +28.4%, recorded 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

The average commercial refrigeration equipment import price stood at $X per unit in 2021, jumping by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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