Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in New Zealand - 2024
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in New Zealand (CIF) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in New Zealand (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in New Zealand
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in New Zealand
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in New Zealand (CIF) - 2022
In 2022, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $59 per unit, rising by 6.7% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for refrigerating or freezing equipment; parts thereof, other than furniture decreased by -27.3% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 64% against the previous year. As a result, import price reached the peak level of $81 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($59 per unit) and Australia ($59 per unit), while the price for Japan ($59 per unit) and Germany ($59 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in New Zealand (FOB) - 2022
The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $67 per unit in 2022, jumping by 28% against the previous year. In general, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Vanuatu ($67 per unit) and Fiji ($67 per unit), while the average price for exports to Papua New Guinea ($67 per unit) and Thailand ($67 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in New Zealand
In 2022, the amount of refrigerating or freezing equipment; parts thereof, other than furniture imported into New Zealand declined markedly to 504K units, shrinking by -16.7% compared with the year before. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +5.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65%. As a result, imports attained the peak of 605K units, and then shrank significantly in the following year.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture reduced to $30M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 71%. As a result, imports attained the peak of $33M, and then contracted in the following year.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.6 | 6.9 | 10.0 | 10.7 | 12.1% |
| Italy | 1.2 | 1.4 | 2.4 | 2.6 | 29.4% |
| Malaysia | 2.3 | 1.9 | 3.1 | 2.6 | 4.2% |
| Thailand | 1.2 | 1.2 | 1.7 | 2.6 | 29.4% |
| Germany | 1.0 | 0.6 | 1.0 | 1.6 | 17.0% |
| France | 1.1 | 1.5 | 2.8 | 1.5 | 10.9% |
| United States | 1.2 | 1.1 | 1.4 | 1.4 | 5.3% |
| Australia | 2.4 | 1.9 | 3.9 | 1.3 | -18.5% |
| United Kingdom | 0.7 | 0.9 | 1.9 | 0.9 | 8.7% |
| South Korea | 0.4 | 0.3 | 0.5 | 0.8 | 26.0% |
| Japan | 0.3 | 0.2 | 0.8 | 0.6 | 26.0% |
| Others | 1.7 | 1.6 | 3.7 | 2.9 | 19.5% |
| Total | 21.0 | 19.5 | 33.3 | 29.6 | 12.1% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to New Zealand in 2022:
- China (182.7K units)
- Malaysia (44.6K units)
- Italy (44.2K units)
- Thailand (43.7K units)
- Germany (27.8K units)
- France (24.8K units)
- United States (24.3K units)
- Australia (22.1K units)
- United Kingdom (16.0K units)
- South Korea (13.4K units)
- Japan (10.5K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in New Zealand
In 2022, the amount of refrigerating or freezing equipment; parts thereof, other than furniture exported from New Zealand contracted sharply to 103K units, dropping by -34.1% compared with 2021. Overall, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 84% against the previous year. As a result, the exports reached the peak of 156K units, and then dropped remarkably in the following year.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture reduced sharply to $6.9M in 2022. Over the period under review, exports saw a perceptible slump. The pace of growth appeared the most rapid in 2021 when exports increased by 74%. As a result, the exports attained the peak of $8.2M, and then reduced notably in the following year.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2,734 | 3,399 | 4,941 | 3,265 | 6.1% |
| United States | 588 | 202 | 2,131 | 1,727 | 43.2% |
| Fiji | 727 | 378 | 385 | 728 | 0.0% |
| Vanuatu | 80.6 | 55.6 | 4.7 | 330 | 60.0% |
| New Caledonia | 184 | 124 | 32.9 | 218 | 5.8% |
| French Polynesia | 162 | 207 | 93.6 | 49.0 | -32.9% |
| Netherlands | 852 | 25.4 | 0.5 | 2.6 | -85.5% |
| Vietnam | 1,403 | N/A | N/A | N/A | 0% |
| Others | 689 | 327 | 611 | 571 | -6.1% |
| Total | 7,420 | 4,718 | 8,201 | 6,891 | -2.4% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from New Zealand in 2022:
- Australia (48.8K units)
- United States (25.8K units)
- Fiji (10.9K units)
- Vanuatu (4.9K units)
- New Caledonia (3.3K units)
- French Polynesia (0.7K units)
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