U.S. - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCommercial Refrigeration Equipment Price in the United States - 2023
Contents:
- Commercial Refrigeration Equipment Price in the United States (CIF) - 2023
- Commercial Refrigeration Equipment Price in the United States (FOB) - 2022
- Commercial Refrigeration Equipment Imports in the United States
- Commercial Refrigeration Equipment Exports in the United States
Commercial Refrigeration Equipment Price in the United States (CIF) - 2023
The average commercial refrigeration equipment import price stood at $201 per unit in September 2023, waning by -35.2% against the previous month. In general, the import price continues to indicate a mild setback. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 35% against the previous month. Over the period under review, average import prices reached the maximum at $440 per unit in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($4,563 per unit), while the price for Vietnam ($37.5 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+45.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Commercial Refrigeration Equipment Price in the United States (FOB) - 2022
The average commercial refrigeration equipment export price stood at $628 per unit in 2022, surging by 1.8% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 90%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($2,282 per unit), while the average price for exports to Taiwan (Chinese) ($245 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 Australia (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.
Commercial Refrigeration Equipment Imports in the United States
In 2022, overseas purchases of refrigerating and freezing equipment and heat pumps (except household type equipment) decreased by -14% to 14M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 55%. As a result, imports attained the peak of 17M units, and then reduced in the following year.
In value terms, commercial refrigeration equipment imports dropped to $3.6B in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.2% 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 +45.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. As a result, imports reached the peak of $3.6B, leveling off in the following year.
| Import of Commercial Refrigeration Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 943 | 1,006 | 1,191 | 1,385 | 13.7% |
| China | 684 | 799 | 1,006 | 1,060 | 15.7% |
| Canada | 173 | 163 | 184 | 211 | 6.8% |
| Italy | 92.2 | 174 | 548 | 177 | 24.3% |
| South Korea | 79.3 | 51.7 | 81.4 | 112 | 12.2% |
| Japan | 59.4 | 45.3 | 54.5 | 52.1 | -4.3% |
| Vietnam | 14.0 | 19.0 | 35.8 | 34.4 | 34.9% |
| Others | 403 | 338 | 457 | 523 | 9.1% |
| Total | 2,449 | 2,595 | 3,558 | 3,554 | 13.2% |
Top Suppliers of Commercial Refrigeration Equipment to the United States in 2022:
- China (9.1M units)
- Mexico (1.6M units)
- Canada (0.7M units)
- Italy (0.7M units)
- Japan (0.5M units)
- Vietnam (0.3M units)
- South Korea (0.2M units)
Commercial Refrigeration Equipment Exports in the United States
In 2022, shipments abroad of refrigerating and freezing equipment and heat pumps (except household type equipment) increased by 11% to 3M units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a dramatic decline. Over the period under review, the exports reached the maximum at 6.8M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, commercial refrigeration equipment exports stood at $1.9B in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 18%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Commercial Refrigeration Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 680 | 565 | 656 | 697 | 0.8% |
| Mexico | 260 | 192 | 271 | 392 | 14.7% |
| United Kingdom | 146 | 89.3 | 143 | 113 | -8.2% |
| China | 61.6 | 47.5 | 46.1 | 39.7 | -13.6% |
| Saudi Arabia | 55.8 | 38.2 | 27.5 | 35.2 | -14.2% |
| Taiwan (Chinese) | 27.0 | 24.6 | 25.1 | 28.7 | 2.1% |
| Japan | 26.8 | 22.2 | 28.5 | 25.3 | -1.9% |
| United Arab Emirates | 44.8 | 18.0 | 18.4 | 13.4 | -33.1% |
| Others | 528 | 430 | 461 | 554 | 1.6% |
| Total | 1,830 | 1,427 | 1,676 | 1,898 | 1.2% |
Top Export Markets for Commercial Refrigeration Equipment from the United States in 2022:
- Mexico (1103.8K units)
- United Kingdom (447.9K units)
- Canada (407.0K units)
- China (157.5K units)
- Saudi Arabia (139.6K units)
- Taiwan (Chinese) (116.9K units)
- Japan (61.1K units)
- United Arab Emirates (47.9K units)
This report provides an in-depth analysis of the commercial refrigeration equipment market in the U.S.. 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 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
- Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
- Prodcom 28251340 -
- Prodcom 28251350 -
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
- Prodcom 28251390 - Other refrigerating or freezing equipment
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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