India: Refrigerated Show-Cases Market 2024

Refrigerated Show-Cases Market Size in India

The Indian refrigerated show-cases market reached $X in 2022, leveling off at the previous year. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.9% against 2020 indices. Refrigerated show-cases consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Refrigerated Show-Cases Production in India

In value terms, refrigerated show-cases production rose slightly to $X in 2022 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.5% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 12% against the previous year. Refrigerated show-cases production peaked at $X in 2020; afterwards, it flattened through to 2022.

Refrigerated Show-Cases Exports

Exports from India

Refrigerated show-cases exports from India reached X units in 2022, picking up by 12% compared with the previous year. In general, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.5% against 2020 indices. The growth pace was the most rapid in 2015 when exports increased by 41% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, refrigerated show-cases exports expanded sharply to $X in 2022. Overall, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 67%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units), Nepal (X units) and Nigeria (X units) were the main destinations of refrigerated show-cases exports from India, with a combined 44% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +105.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refrigerated show-cases exported from India were Thailand ($X), Nigeria ($X) and Nepal ($X), together comprising 44% of total exports.

Thailand, with a CAGR of +127.3%, recorded the highest growth rate of 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 2022, the average refrigerated show-cases export price amounted to $X per unit, increasing by 2.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2013 when the average export price increased by 37% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerated Show-Cases Imports

Imports into India

Refrigerated show-cases imports into India fell to X units in 2022, declining by -9.3% on the previous year. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 71% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then shrank in the following year.

In value terms, refrigerated show-cases imports rose significantly to $X in 2022. Over the period under review, imports, however, posted a perceptible increase. The pace of growth was the most pronounced in 2018 with an increase of 75%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) was the main supplier of refrigerated show-cases to India, accounting for a 91% share of total imports. Moreover, refrigerated show-cases imports from China exceeded the figures recorded by the second-largest supplier, Sri Lanka (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +21.2%.

In value terms, China ($X) constituted the largest supplier of refrigerated show-caseses to India, comprising 78% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 3.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +20.4%.

Import Prices by Country

In 2022, the average refrigerated show-cases import price amounted to $X per unit, increasing by 22% against the previous year. In general, the import price, however, showed a slight reduction. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+0.8%).

Source: IndexBox Platform