Global Refrigerated Show-Cases Market 2024

Refrigerated Show-Cases Market Size

The global refrigerated show-cases market was finally on the rise to reach $X in 2022, after two years of decline. Overall, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 -6.3% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the global market failed to regain momentum.

Refrigerated Show-Cases Production

In value terms, refrigerated show-cases production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 -26.1% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 39%. As a result, production reached the peak level of $X. From 2020 to 2022, global production growth failed to regain momentum.

Refrigerated Show-Cases Exports

Exports

Global refrigerated show-cases exports dropped to X units in 2022, declining by -4.6% compared with the previous year. Overall, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +87.7% against 2012 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. As a result, the exports reached the peak of X units, and then declined modestly in the following year.

In value terms, refrigerated show-cases exports amounted to $X in 2022. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 34% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

China dominates exports structure, accounting for X units, which was near 50% of total exports in 2022. Turkey (X units) took a 6.9% share (based on physical terms) of total exports, which put it in second place, followed by Italy (6.1%). Austria (X units), Mexico (X units), the Czech Republic (X units), Germany (X units), Russia (X units), Spain (X units) and Thailand (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +13.4% from 2012 to 2022. At the same time, Russia (+17.4%), the Czech Republic (+13.2%), Thailand (+11.9%), Spain (+10.6%), Turkey (+5.4%), Germany (+5.2%), Austria (+1.8%) and Mexico (+1.4%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.4% from 2012-2022. Italy experienced a relatively flat trend pattern. China (+24 p.p.) significantly strengthened its position in terms of the global exports, while Mexico, Austria and Italy saw its share reduced by -2%, -2.1% and -5.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest refrigerated show-cases supplying countries worldwide were China ($X), Italy ($X) and Austria ($X), with a combined 47% share of global exports.

China, with a CAGR of +14.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global 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, surging by 5.6% against the previous year. Overall, the export price, however, continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2021 an increase of 6.3%. The global export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.3%), while the other global leaders experienced more modest paces of growth.

Refrigerated Show-Cases Imports

Imports

In 2022, approx. X units of refrigerated show-caseses were imported worldwide; which is down by -3.5% on the previous year's figure. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume 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, imports increased by +80.4% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, imports attained the peak of X units, and then declined modestly in the following year.

In value terms, refrigerated show-cases imports amounted to $X in 2022. The total import value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 33%. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X units), distantly followed by Germany (X units), the UK (X units) and France (X units) represented the major importers of refrigerated show-caseses, together making up 42% of total imports. The following importers - Greece (X units), Italy (X units), Australia (X units), Spain (X units), Canada (X units), the Netherlands (X units), Sweden (X units), Belgium (X units) and Poland (X units) - together made up 21% of total imports.

From 2012 to 2022, average annual rates of growth with regard to refrigerated show-cases imports into the United States stood at +9.4%. At the same time, Sweden (+10.8%), Australia (+10.6%), Germany (+8.4%), Poland (+8.1%), the UK (+7.5%), Italy (+6.9%), Canada (+5.8%), France (+5.2%), Belgium (+5.0%), the Netherlands (+3.4%) and Spain (+1.2%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the world, with a CAGR of +10.8% from 2012-2022. Greece experienced a relatively flat trend pattern. While the share of the United States (+5.7 p.p.) and Germany (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Greece (-2.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported refrigerated show-caseses worldwide, comprising 18% of global imports. The second position in the ranking was held by Germany ($X), with an 8.2% share of global imports. It was followed by France, with a 7% share.

In the United States, refrigerated show-cases imports increased at an average annual rate of +11.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+0.4% per year) and France (+4.7% per year).

Import Prices by Country

In 2022, the average refrigerated show-cases import price amounted to $X per unit, rising by 3.7% against the previous year. In general, the import price, however, continues to indicate a slight decline. The growth pace was the most rapid in 2021 an increase of 8.3% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+4.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform