United Arab Emirates: Commercial Refrigeration Equipment Market 2024

Commercial Refrigeration Equipment Market Size in the United Arab Emirates

The commercial refrigeration equipment market in the United Arab Emirates skyrocketed to $X in 2021, with an increase of 118% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Commercial Refrigeration Equipment Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of refrigerating and freezing equipment and heat pumps (except household type equipment) decreased by -18.9% to X units, falling for the sixth year in a row after two years of growth. Overall, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 17% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, commercial refrigeration equipment exports dropped slightly to $X in 2021. In general, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2015 when exports increased by 24%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Oman (X units), Saudi Arabia (X units) and India (X units) were the main destinations of commercial refrigeration equipment exports from the United Arab Emirates, with a combined 76% share of total exports. Tanzania, Zambia, Egypt, Congo and Thailand lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zambia (with a CAGR of +33.5%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Oman ($X) and India ($X) appeared to be the largest markets for commercial refrigeration equipment exported from the United Arab Emirates worldwide, together comprising 74% of total exports. These countries were followed by Egypt, Thailand, Tanzania, Zambia and Congo, which together accounted for a further 5.9%.

Among the main countries of destination, Zambia, with a CAGR of +20.9%, 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

The average commercial refrigeration equipment export price stood at $X per unit in 2021, growing by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +6.8%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 25%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Congo ($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 Saudi Arabia (+15.2%), while the prices for the other major destinations experienced a decline.

Commercial Refrigeration Equipment Imports

Imports into the United Arab Emirates

In 2021, commercial refrigeration equipment imports into the United Arab Emirates surged to X units, rising by 62% on the previous year's figure. In general, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.2% against 2018 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. Overall, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% 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

China (X units), Italy (X units) and France (X units) were the main suppliers of commercial refrigeration equipment imports to the United Arab Emirates, together accounting for 46% of total imports. These countries were followed by South Korea, the United States, the UK and Germany, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +30.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest commercial refrigeration equipment suppliers to the United Arab Emirates were China ($X), Italy ($X) and France ($X), with a combined 40% share of total imports. These countries were followed by the United States, Germany, the UK and South Korea, which together accounted for a further 14%.

The UK, with a CAGR of +11.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, surging by 9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained 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 ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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