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Report World - Refrigerated Vessels (Ships) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Refrigerated Vessels (Ships) - Market Analysis, Forecast, Size, Trends and Insights

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Global Refrigerated Vessel Market 2024

Refrigerated Vessel Market Size

The global refrigerated vessel market skyrocketed to $X in 2022, growing by 162% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Refrigerated Vessel Production

In value terms, refrigerated vessel production reached $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, global production growth failed to regain momentum.

Refrigerated Vessel Exports

Exports

In 2022, global refrigerated vessel exports fell rapidly to X units, reducing by -81.7% on 2021 figures. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 186%. The global exports peaked at X units in 2021, and then shrank notably in the following year.

In value terms, refrigerated vessel exports dropped significantly to $X in 2022. Overall, exports showed a deep slump. The growth pace was the most rapid in 2017 with an increase of 255% against the previous year. Over the period under review, the global exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Spain was the key exporting country with an export of about X units, which recorded 44% of total exports. Germany (X units) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Lithuania (8.3%), China (6.2%) and Poland (6.2%). The following exporters - Japan (X units), Russia (X units), Bahamas (X units), South Korea (X units), Norway (X units), Singapore (X units), Thailand (X units) and Ukraine (X units) - together made up 21% of total exports.

Spain was also the fastest-growing in terms of the refrigerated vessels (ships) exports, with a CAGR of +175.9% from 2012 to 2022. At the same time, Japan (+7.2%), China (+4.6%) and Germany (+4.1%) displayed positive paces of growth. Bahamas, Lithuania, South Korea and Singapore experienced a relatively flat trend pattern. By contrast, Norway (-6.7%), Russia (-12.9%), Poland (-15.9%), Ukraine (-19.7%) and Thailand (-80.0%) illustrated a downward trend over the same period. While the share of Spain (+44 p.p.), Lithuania (+8.3 p.p.), Germany (+8.2 p.p.), China (+6.2 p.p.), Japan (+3.1 p.p.), Thailand (+2.1 p.p.) and South Korea (+2.1 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Russia (-4.5 p.p.), Ukraine (-7.7 p.p.) and Poland (-12.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), Poland ($X) and China ($X) were the countries with the highest levels of exports in 2022, with a combined 76% share of global exports.

Japan, with a CAGR of +97.5%, 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 vessel export price amounted to $X per unit, surging by 201% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+84.3%), while the other global leaders experienced more modest paces of growth.

Refrigerated Vessel Imports

Imports

In 2022, the amount of refrigerated vessels (ships) imported worldwide reduced to X units, with a decrease of -10.8% on the year before. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 126% against the previous year. Global imports peaked at X units in 2021, and then dropped in the following year.

In value terms, refrigerated vessel imports reduced to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 111%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of global imports remained at a lower figure.

Imports by Country

Panama (X units) and Indonesia (X units) represented roughly 66% of total imports in 2022. Hong Kong SAR (X units) held the next position in the ranking, followed by Cayman Islands (X units) and Liberia (X units). All these countries together held near 18% share of total imports. Russia (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +47.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Panama ($X) constitutes the largest market for imported refrigerated vessels (ships) worldwide, comprising 38% of global imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 17% share of global imports. It was followed by Russia, with a 10% share.

In Panama, refrigerated vessel imports expanded at an average annual rate of +37.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (-3.8% per year) and Russia (+5.6% per year).

Import Prices by Country

The average refrigerated vessel import price stood at $X per unit in 2022, shrinking by -3.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 118% against the previous year. Over the period under review, average import prices reached the maximum 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 Russia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+8.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The Philippines remains the largest refrigerated vessel consuming country worldwide, comprising approx. 71% of total volume. Moreover, refrigerated vessel consumption in the Philippines exceeded the figures recorded by the second-largest consumer, Cayman Islands, tenfold. Liberia ranked third in terms of total consumption with a 4.2% share.
The country with the largest volume of refrigerated vessel production was the Philippines, accounting for 86% of total volume. Moreover, refrigerated vessel production in the Philippines exceeded the figures recorded by the second-largest producer, Croatia, more than tenfold. Poland ranked third in terms of total production with a 2.4% share.
In value terms, the largest refrigerated vessel supplying countries worldwide were Poland, Japan and China, together accounting for 72% of global exports.
In value terms, Panama constitutes the largest market for imported refrigerated vessels ships) worldwide, comprising 25% of global imports. The second position in the ranking was occupied by Cayman Islands, with a 13% share of global imports. It was followed by Russia, with an 11% share.
In 2020, the average refrigerated vessel export price amounted to $113 per unit, shrinking by -18.8% against the previous year.
In 2020, the average refrigerated vessel import price amounted to $25 per unit, surging by 30% against the previous year.

This report provides an in-depth analysis of the global refrigerated vessel market. 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 30112300 - Refrigerated vessels, except tankers

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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