Poland: Commercial Refrigeration Equipment Market 2024

Commercial Refrigeration Equipment Market Size in Poland

The Polish commercial refrigeration equipment market soared to $X in 2021, picking up by 19% against the previous year. In general, consumption continues to indicate buoyant growth. Commercial refrigeration equipment consumption peaked in 2021 and is expected to retain growth in the near future.

Commercial Refrigeration Equipment Production in Poland

In value terms, commercial refrigeration equipment production rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 71% against the previous year. Over the period under review, production hit record highs in 2021 and is expected to retain growth in the near future.

Commercial Refrigeration Equipment Exports

Exports from Poland

After two years of decline, overseas shipments of refrigerating and freezing equipment and heat pumps (except household type equipment) increased by 40% to X units in 2021. Overall, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 43%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, commercial refrigeration equipment exports surged to $X in 2021. In general, exports showed buoyant growth. 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 Poland, with a 20% share of total exports. Moreover, commercial refrigeration equipment exports to Germany exceeded the volume sent to the second major destination, Russia (X units), threefold. The third position in this ranking was taken by France (X units), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+5.3% per year) and France (+26.7% per year).

In value terms, Germany ($X) remains the key foreign market for refrigerating and freezing equipment and heat pumps (except household type equipment) exports from Poland, comprising 29% of total exports. The second position in the ranking was held by France ($X), with an 8.1% share of total exports. It was followed by Italy, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+27.5% per year) and Italy (+32.4% per year).

Export Prices by Country

In 2021, the average commercial refrigeration equipment export price amounted to $X per unit, surging by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2020 an increase of 20%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Ukraine ($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 Denmark (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Commercial Refrigeration Equipment Imports

Imports into Poland

Commercial refrigeration equipment imports into Poland soared to X units in 2021, jumping by 33% on the previous year's figure. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume 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 +94.4% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, commercial refrigeration equipment imports soared to $X in 2021. Over the period under review, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Italy (X units) and France (X units) were the main suppliers of commercial refrigeration equipment imports to Poland, together accounting for 49% of total imports. These countries were followed by Germany, the Czech Republic, Ukraine, Russia, Ireland, Turkey, Lithuania, Romania, Sweden and Belgium, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +52.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest commercial refrigeration equipment suppliers to Poland were Germany ($X), Italy ($X) and France ($X), with a combined 43% share of total imports. These countries were followed by the Czech Republic, China, Sweden, Russia, Ireland, Ukraine, Lithuania, Turkey, Romania and Belgium, which together accounted for a further 49%.

In terms of the main suppliers, Russia, with a CAGR of +46.2%, 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, growing by 7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2020 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual 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 Sweden ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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