Southern Asia - Refrigerating and Freezing Equipment and Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSouthern Asia: Commercial Refrigeration Equipment Market 2024
Commercial Refrigeration Equipment Market Size in Southern Asia
In 2021, the South Asian commercial refrigeration equipment market was finally on the rise to reach $X after five years of decline. In general, consumption, however, continues to indicate a perceptible slump. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.
Commercial Refrigeration Equipment Production in Southern Asia
In value terms, commercial refrigeration equipment production rose modestly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 101% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.
Commercial Refrigeration Equipment Exports
Exports in Southern Asia
Commercial refrigeration equipment exports surged to X units in 2021, jumping by 73% on the year before. Overall, exports, however, continue to indicate a pronounced curtailment. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.
In value terms, commercial refrigeration equipment exports surged to $X in 2021. Over the period under review, exports, however, recorded a mild contraction. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.
Exports by Country
The biggest shipments were from India (X units), together accounting for 99% of total export.
India was also the fastest-growing in terms of the refrigerating and freezing equipment and heat pumps (except household type equipment) exports, with a CAGR of -1.6% from 2012 to 2021. While the share of India (+9.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, India ($X) also remains the largest commercial refrigeration equipment supplier in Southern Asia.
In India, commercial refrigeration equipment exports expanded at an average annual rate of +3.6% over the period from 2012-2021.
Export Prices by Country
In 2021, the export price in Southern Asia amounted to $X per unit, dropping by -29.1% against the previous year. Export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, commercial refrigeration equipment export price decreased by -35.4% against 2018 indices. The growth pace was the most rapid in 2017 an increase of 41% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2021, the rate of growth in terms of prices for India amounted to +5.3% per year.
Commercial Refrigeration Equipment Imports
Imports in Southern Asia
In 2021, the amount of refrigerating and freezing equipment and heat pumps (except household type equipment) imported in Southern Asia soared to X units, growing by 51% on the year before. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. 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 $X in 2021. Total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
India was the key importer of refrigerating and freezing equipment and heat pumps (except household type equipment) in Southern Asia, with the volume of imports resulting at X units, which was near 51% of total imports in 2021. It was distantly followed by Bangladesh (X units), Sri Lanka (X units) and Pakistan (X units), together constituting a 44% share of total imports. The following importers - Maldives (X units) and Afghanistan (X units) - each recorded a 3.6% share of total imports.
From 2012 to 2021, average annual rates of growth with regard to commercial refrigeration equipment imports into India stood at +3.7%. At the same time, Maldives (+13.9%), Bangladesh (+11.7%), Sri Lanka (+7.8%) and Pakistan (+6.1%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +13.9% from 2012-2021. Afghanistan experienced a relatively flat trend pattern. From 2012 to 2021, the share of Bangladesh and Sri Lanka increased by +7.1 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, India ($X) constitutes the largest market for imported refrigerating and freezing equipment and heat pumps (except household type equipment) in Southern Asia, comprising 58% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 13% share of total imports. It was followed by Pakistan, with a 13% share.
From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +2.0%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+12.8% per year) and Pakistan (+8.1% per year).
Import Prices by Country
The import price in Southern Asia stood at $X per unit in 2021, flattening at the previous year. In general, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 13%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Afghanistan ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Afghanistan (+9.6%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the commercial refrigeration equipment market in Southern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
- Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
- Prodcom 28251340 -
- Prodcom 28251350 -
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
- Prodcom 28251390 - Other refrigerating or freezing equipment
Country coverage:
- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Southern Asia, split by region and country
- Trade (exports and imports) in Southern Asia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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