Germany: Commercial Refrigeration Equipment Market 2024

Commercial Refrigeration Equipment Market Size in Germany

The German commercial refrigeration equipment market surged to $X in 2021, increasing by 41% against the previous year. Over the period under review, consumption continues to indicate a prominent expansion. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Commercial Refrigeration Equipment Production in Germany

In value terms, commercial refrigeration equipment production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Commercial Refrigeration Equipment Exports

Exports from Germany

After two years of decline, overseas shipments of refrigerating and freezing equipment and heat pumps (except household type equipment) increased by 21% to X units in 2021. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed 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 skyrocketed to $X in 2021. Over the period under review, total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.5% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Switzerland (X units) and Austria (X units) were the main destinations of commercial refrigeration equipment exports from Germany, together comprising 24% of total exports. These countries were followed by the Netherlands, Italy, the UK, Poland, the United States, Belgium, Russia, Spain, the Czech Republic and the United Arab Emirates, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +10.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for commercial refrigeration equipment exported from Germany were Switzerland ($X), France ($X) and Austria ($X), together comprising 31% of total exports. Poland, the Netherlands, the UK, Italy, the United States, Belgium, the Czech Republic, Spain, Russia and the United Arab Emirates lagged somewhat behind, together comprising a further 40%.

Poland, with a CAGR of +15.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, growing by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to the United Arab Emirates ($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 (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Commercial Refrigeration Equipment Imports

Imports into Germany

Commercial refrigeration equipment imports into Germany skyrocketed to X units in 2021, with an increase of 29% on 2020 figures. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), France (X units) and Italy (X units) were the main suppliers of commercial refrigeration equipment imports to Germany, together accounting for 46% of total imports. These countries were followed by Ireland, the Netherlands, the Czech Republic, Sweden, Austria, Belgium, Poland, Turkey and the United States, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +27.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and France ($X) were the largest commercial refrigeration equipment suppliers to Germany, with a combined 35% share of total imports. The Czech Republic, Austria, Ireland, Sweden, the Netherlands, Poland, Belgium, Turkey and the United States lagged somewhat behind, together comprising a further 47%.

In terms of the main suppliers, Poland, with a CAGR of +20.7%, 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, with an increase of 11% against the previous year. Overall, the import price, however, saw a mild downturn. The growth pace was the most rapid in 2018 an increase of 17%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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