Price for Non-Furniture Refrigerating or Freezing Equipment in Canada - 2023

Contents:

1. Price for Non-Furniture Refrigerating or Freezing Equipment in Canada (CIF) - 2022
2. Price for Non-Furniture Refrigerating or Freezing Equipment in Canada (FOB) - 2022
3. Imports of Non-Furniture Refrigerating or Freezing Equipment in Canada
4. Exports of Non-Furniture Refrigerating or Freezing Equipment in Canada

Price for Non-Furniture Refrigerating or Freezing Equipment in Canada (CIF) - 2022

The average import price for non-furniture refrigerating or freezing equipment stood at $250 per unit in 2022, surging by 3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 when the average import price increased by 8.1%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($240 per unit) and the United States ($240 per unit), while the price for Thailand ($240 per unit) and South Korea ($240 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Furniture Refrigerating or Freezing Equipment in Canada (FOB) - 2022

The average export price for non-furniture refrigerating or freezing equipment stood at $254 per unit in 2022, falling by -5% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2018 an increase of 20% against the previous year. The export price peaked at $268 per unit in 2021, and then shrank in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($244 per unit), while the average price for exports to China amounted to $244 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.7%).

Imports of Non-Furniture Refrigerating or Freezing Equipment in Canada

In 2022, imports of non-furniture refrigerating or freezing equipment into Canada reduced rapidly to 3.1M units, waning by -27% on the previous year's figure. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports reached the peak of 4.2M units, and then fell remarkably in the following year.

In value terms, non-furniture refrigerating or freezing equipment imports reduced notably to $763M in 2022. In general, imports showed a pronounced setback. The growth pace was the most rapid in 2021 with an increase of 32%. As a result, imports reached the peak of $1B, and then contracted markedly in the following year.

Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Canada in 2022:

1. United States (2020.1K units)
2. China (405.6K units)
3. Mexico (392.0K units)
4. Italy (91.6K units)
5. Thailand (78.7K units)
6. South Korea (48.2K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Canada

In 2022, exports of non-furniture refrigerating or freezing equipment from Canada soared to 714K units, growing by 15% compared with the previous year. The total export volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-furniture refrigerating or freezing equipment exports rose notably to $182M in 2022. The total export value increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Canada in 2022:

1. United States (649.1K units)
2. China (24.7K units)

Source: IndexBox Market Intelligence Platform