U.S. Household Refrigerator And Home Freezer Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
U.S. Household Refrigerator and Freezer Imports Grew Steadily in the Recent Years, Worsening the Trade Deficit to almost 5.3 Billion USD
Photo: © Ksander / Bigstockphoto
The U.S. runs the show in global imports of household refrigerators and home freezers, with a X% share (based on USD). It was distantly followed by Germany (X%), the UK (X%) and France (X%). In 2015, U.S. household refrigerator and home freezer imports totaled X million USD, which was X million USD (X%) more than the year before.
From 2007 to 2015, U.S. household refrigerator and home freezer imports showed mixed dynamics. A slight drop in 2009 was followed by steady growth over the next six years, driven by the recovery of housing starts and consumer spending. There was an annual increase of healthy +X% throughout the post-crisis period of 2009-2015. In 2010, the U.S. household refrigerator and home freezer importers overcame the pre-recession import level achieved in 2008.
Considering ongoing economic recovery and favourable expectations for growth of housing starts и consumer spending, the U.S. remains one of the most attractive destinations for overseas suppliers.
Mexico was the main supplier of household refrigerator and home freezer into the U.S., with a X% share of total U.S. imports in 2015. It was followed by China (X%) and Korea (X%), which were also the fastest growing suppliers. Imports from China and Korea grew by +X% per year and +X% per year from 2007 to 2015, respectively, while Mexico recorded only X% growth. China and Korea strengthened theirs positions in U.S. imports, while Mexico saw its share reduced from X% in 2007.
From 2007 to 2015, the U.S. was a net importer of household refrigerators and home freezers. Moreover, imports grew faster than exports on average over the period under review.
Net US imports of household refrigerators and home freezers showed an upward trend over the period under review. In 2015, this industry ran a significant trade deficit of X million USD.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the market for household refrigerator and home freezer 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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