Foodservice Equipment Reports

AutoQuotes Says E&S List Prices Rose 2.2% July To April

List-price increases for foodservice equipment and supplies were surprisingly moderate during the past nine months, even though materials prices have soared during the period. According to data from AutoQuotes Inc., the average price increase was 2.2% for all 358,262 products from 411 manufacturers in the company’s database. The analysis covers the period July 1, 2010 to April 1, 2011.

However, noting that prices for  stainless and carbon steels, aluminum, copper and plastic resins have risen as much as 30% since summer last year (see FER Fortnightly April 12) , AutoQuotes’ CEO Kent Motes said, “There is some suggestion that price increases may accelerate in the next quarter.” The company reported an upsurge in price increase listings during April, compared to the past two years.

He also noted that manufacturers raised prices on less than a third, 32.5%, of products in the AQ database. Probably because of a still weak market for new foodservice units and noncommercial facilities construction and renovation, manufacturers of shelving, fabrication and ventilation products raised prices less than 1% during the period, despite being among the most affected by the materials price run-ups.

Major cooking equipment prices rose 1.9% while the refrigeration and ice machine categories both had 2.3% increases. Warewashing and prep equipment saw the biggest increases among equipment categories, up 3.1% and 4.3 % respectively.

E&S manufacturers also revised and refined their product offerings in fairly dramatic fashion, Motes said. Nearly 10% of the products—38,589—in the database were removed during the nine-month period, while manufacturers added more than 91,000 new models and products.

For more detail, including average changes for all 16 product categories tracked by AQ, as well as data on the number of manufacturers listing increases, click here. 

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