ShareGlobal cold storage capacity in 2014
The IARW report shows that the total capacity of refrigerated warehouses was estimated at 552 million cubic meters worldwide in 2014, an increase of 92 million cubic meters (20%) since 2012.
The International Association of Refrigerated Warehouses (IARW), a core partner of the Global Cold Chain Alliance (GCCA), released its 2014 Global Cold Storage Capacity Report. The report shows that the total capacity of refrigerated warehouses was estimated at 552 million cubic meters worldwide in 2014, an increase of 92 million cubic meters (20 percent) since 2012.
The 42-page report includes analyses on growth trends in global capacity, market-development indicators, and characteristics of refrigerated warehouses around the world.
The report features cold-storage market data on 58 countries. During the last two years, approximately 17 million cubic meters of additional refrigerated warehouse capacity has been added to the IARW database from eight additional countries and nine more international cold storage companies which are now contributing data.
The largest cold-storage industries are in India (131 million cubic meters), the United States (115 million cubic meters), and China (76 million cubic meters).
New countries covered in the 2014 report include Egypt, Iran, Kuwait, Libya, El Salvador, Afghanistan, Dominican Republic, and Oman.Cold storage capacity has shown a growth rate of above 5 percent per year during a sustained period of time in 17 countries. The long-term growth rates are highest in India, China, and Turkey.
Capacity in 13 countries grew faster than 10 percent annually since the financial crisis of 2008. Countries leading the growth rates since 2008 are Turkey, India, Peru, and China.
The survey found that household income is the main driver of global growth in refrigerated warehousing. The increase in household purchasing power is accompanied by changes in preferences favouring large-scale shopping formats such as supermarkets and hypermarkets.
The market share of modern retail sales is 50 percent or greater in most of the large emerging markets (Brazil, Russia, India, China, South Africa and Turkey) and is growing approximately 10-12 percent per year. Those markets also have the most rapid expansion in refrigerated warehouse capacity.
Source : IARW
The 42-page report includes analyses on growth trends in global capacity, market-development indicators, and characteristics of refrigerated warehouses around the world.
The report features cold-storage market data on 58 countries. During the last two years, approximately 17 million cubic meters of additional refrigerated warehouse capacity has been added to the IARW database from eight additional countries and nine more international cold storage companies which are now contributing data.
The largest cold-storage industries are in India (131 million cubic meters), the United States (115 million cubic meters), and China (76 million cubic meters).
New countries covered in the 2014 report include Egypt, Iran, Kuwait, Libya, El Salvador, Afghanistan, Dominican Republic, and Oman.Cold storage capacity has shown a growth rate of above 5 percent per year during a sustained period of time in 17 countries. The long-term growth rates are highest in India, China, and Turkey.
Capacity in 13 countries grew faster than 10 percent annually since the financial crisis of 2008. Countries leading the growth rates since 2008 are Turkey, India, Peru, and China.
The survey found that household income is the main driver of global growth in refrigerated warehousing. The increase in household purchasing power is accompanied by changes in preferences favouring large-scale shopping formats such as supermarkets and hypermarkets.
The market share of modern retail sales is 50 percent or greater in most of the large emerging markets (Brazil, Russia, India, China, South Africa and Turkey) and is growing approximately 10-12 percent per year. Those markets also have the most rapid expansion in refrigerated warehouse capacity.
Source : IARW