The International Association of Refrigerated Warehouses (IARW), a core partner of the Global Cold Chain Alliance (GCCA), has released its 2014 Global Cold Storage Capacity Report. This report shows total capacity of refrigerated warehouses was estimated at 552 million cubic meters worldwide in 2014, an increase of 92 million cubic meters (20%) from 2012.
“It’s really interesting to see India surpass the United States in total cold storage capacity with 131 million cubic meters of space, compared to 115 million cubic members for the United States,” said Corey Rosenbusch, president and chief executive officer of GCCA. “As shown in the 2014 report, China is now the third largest with 76 million cubic meters of space.”
Written by Dr Victoria Salin, a professor in the Department of Agricultural Economics at Texas A&M University, the 42-page report includes analyses on growth trends in global capacity, market development indicators, and characteristics of refrigerated warehouses worldwide.
The report features cold storage market data on 58 nations. During the past two years, about 17 million cubic meters of refrigerated warehouse capacity has been added to the IARW database from eight more countries and nine more international cold storage companies that are now contributing data.
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 above 5% per year during a sustained period in 17 nations. Long-term growth rates are highest in India, China, and Turkey.
Capacity in 13 countries grew faster than 10% annually since the financial crisis of 2008. Nations leading the growth rates since 2008 are Turkey, India, Peru, and China.
The report is available to IARW members as a benefit of membership and for a fee to non-members. To download this e-publication, access the GCCA Online Store or contact IARW at +1-703-373-4300/[email protected]
For more information about GCCA, go to www.gcca.org.