In 2023, China led the global export market for parts of refrigerating or freezing equipment with a substantial share, followed by Italy and South Korea. Notable increases in export shares were seen from Poland and the Czech Republic, driven by significant growth rates of 8.92% and 5.92% respectively. However, Japan and the United Kingdom saw a contraction in their market shares by -7.3% and -5.26%, mainly due to economic and supply chain challenges.
Future trends to watch for include:
- Expansion in Asian and Eastern European countries, given their strong growth rates.
- Potential challenges in established markets like Japan and the UK amid bearish trends.
- Opportunities arising in rapidly growing markets like India and Southeast Asia.
Top countries in Export of Parts of Refrigerating or Freezing Equipment Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 19.95 | 2023 | +2.56% | +2.73% | View data |
| 2 | 2 Italy | 11.52 | 2023 | +1.23% | +1.3% | View data |
| 3 | 3 South Korea | 8.25 | 2023 | +1.75% | +3.89% | View data |
| 4 | 4 United States | 6.82 | 2023 | -0.37% | -0.35% | View data |
| 5 | 5 Germany | 6.56 | 2023 | +0.94% | +0.54% | View data |
| 6 | 6 Mexico | 6.26 | 2023 | +2.16% | +2.29% | View data |
| 7 | 7 Czech Republic | 6 | 2023 | +4.62% | +5.92% | View data |
| 8 | 8 Netherlands | 4.24 | 2023 | +1.8% | +1.37% | View data |
| 9 | 9 France | 3.48 | 2023 | +0.81% | +0.47% | View data |
| 10 | 10 Poland | 3.29 | 2023 | +5.01% | +8.92% | View data |
