United Kingdom: Refrigerated Show-Cases Market 2024

Refrigerated Show-Cases Market Size in the UK

The UK refrigerated show-cases market dropped significantly to $X in 2022, with a decrease of -15.8% against the previous year. In general, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +22.1% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Refrigerated Show-Cases Production in the UK

In value terms, refrigerated show-cases production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when the production volume increased by 30% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Refrigerated Show-Cases Exports

Exports from the UK

In 2022, after four years of decline, there was significant growth in overseas shipments of refrigerated show-caseses, when their volume increased by 23% to X units. Overall, exports enjoyed temperate growth. The pace of growth was the most pronounced in 2014 when exports increased by 58% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, refrigerated show-cases exports soared to $X in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 18% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X units) was the main destination for refrigerated show-cases exports from the UK, with a 41% share of total exports. Moreover, refrigerated show-cases exports to Ireland exceeded the volume sent to the second major destination, Lebanon (X units), threefold. Sweden (X units) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+41.0% per year) and Sweden (+7.7% per year).

In value terms, Ireland ($X) remains the key foreign market for refrigerated show-caseses exports from the UK, comprising 22% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-1.4% per year) and the Netherlands (+5.4% per year).

Export Prices by Country

The average refrigerated show-cases export price stood at $X per unit in 2022, waning by -5.2% against the previous year. Overall, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a 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 ($X per unit), while the average price for exports to Egypt ($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 the United States (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerated Show-Cases Imports

Imports into the UK

In 2022, approx. X units of refrigerated show-caseses were imported into the UK; shrinking by -18.7% against 2021. Overall, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 44% against the previous year. Imports peaked at X units in 2021, and then fell notably in the following year.

In value terms, refrigerated show-cases imports dropped to $X in 2022. In general, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of refrigerated show-cases to the UK, with a 53% share of total imports. Moreover, refrigerated show-cases imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Turkey (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.3% per year) and Turkey (+4.6% per year).

In value terms, the largest refrigerated show-cases suppliers to the UK were China ($X), Turkey ($X) and Italy ($X), with a combined 66% share of total imports.

Among the main suppliers, China, with a CAGR of +10.6%, recorded 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 2022, the average refrigerated show-cases import price amounted to $X per unit, growing by 19% against the previous year. Overall, the import price, however, saw a noticeable slump. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform