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World - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jun 28, 2019

Global Refrigerator and Freezer Market 2019 - Key Insights

IndexBox has just published a new report, the World - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights. Here is a summary of the report's key findings.

The global refrigerator and freezer market revenue amounted to $X in 2017, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017, with an increase of X% against the previous year. Over the period under review, the global refrigerator and freezer market attained its peak figure level at $X in 2014; however, from 2015 to 2017, consumption remained at a lower figure.

Production 2007-2017

Global refrigerator and freezer production stood at X tons in 2017, leveling off at the previous year.

Refrigerator And Freezer Exports

Exports 2007-2017

In 2017, the global exports of refrigerators and freezers stood at X tons, dropping by -X% against the previous year. Overall, refrigerator and freezer exports continue to indicate a relatively flat trend pattern.

In value terms, refrigerator and freezer exports amounted to $X (IndexBox estimates) in 2017. The total export value increased at an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, global refrigerator and freezer exports attained their maximum at $X in 2014; however, from 2015 to 2017, exports failed to regain their momentum.

Exports by Country

In 2017, China (X tons) represented the major exporter for refrigerators and freezers, achieving X% of total exports. Mexico (X tons) took the second position in the ranking, followed by South Korea (X tons), Turkey (X tons) and Thailand (X tons). All these countries together held approx. X% share of total exports. Poland (X tons), Germany (X tons), Italy (X tons), Romania (X tons), Hungary (X tons) and the U.S. (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to refrigerator and freezer exports from China stood at +X%. At the same time, Romania (+X%), Mexico (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. Turkey and South Korea experienced a relatively flat trend pattern. By contrast, Thailand (-X%), Hungary (-X%), the U.S. (-X%), Italy (-X%) and Germany (-X%) illustrated a downward trend over the same period. Germany (X%) and Italy (X%) significantly strengthened its position in terms of the global exports, while Romania, Mexico and China saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Mexico ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of global exports.

Export Prices by Country

In 2017, the average refrigerator and freezer export price amounted to $X per kg, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Mexico ($X per kg), while Romania ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Thailand (+X% per year), while the other global leaders experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports 2007-2017

In 2017, approx. X tons of refrigerators and freezers were imported worldwide; going up by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

In value terms, refrigerator and freezer imports stood at $X (IndexBox estimates) in 2017. The total import value increased at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, global refrigerator and freezer imports reached their peak figure at $X in 2014; however, from 2015 to 2017, imports failed to regain their momentum.

Imports by Country

The U.S. was the largest importer of refrigerators and freezers in the world, with the volume of imports amounting to X tons, which was near X% of total imports in 2017. The UK (X tons) ranks second in terms of the global imports with a X% share, followed by Germany (X%) and France (X%). Italy (X tons), Japan (X tons), Canada (X tons), Russia (X tons), Australia (X tons), Sweden (X tons), Spain (X tons) and Vietnam (X tons) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2017. At the same time, Vietnam (+X%), Australia (+X%), Sweden (+X%), Germany (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. France, Russia, the UK and Japan experienced a relatively flat trend pattern. By contrast, Canada (-X%) and Spain (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the U.S. decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported refrigerators and freezers worldwide, comprising X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by France, with a X% share.

Import Prices by Country

The average refrigerator and freezer import price stood at $X per kg in 2017, remaining relatively unchanged against the previous year. In general, the refrigerator and freezer import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014, an increase of X% y-o-y. In that year, the average import prices for refrigerators and freezers attained their peak level of $X per kg. From 2015 to 2017, the growth in terms of the average import prices for refrigerators and freezers failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Australia ($X per kg), while the UK ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Japan (+X% per year), while the other global leaders experienced more modest paces of growth.

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Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global refrigerator and freezer market. 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 2030.

Product coverage:

  • Prodcom 27511110 - Combined refrigerators-freezers, with separate external doors
  • Prodcom 27511133 - Household-type refrigerators (including compression-type, e lectrical absorption-type) (excluding built-in)
  • Prodcom 27511135 - Compression-type built-in refrigerators
  • Prodcom 27511150 - Chest freezers of a capacity . .800 litres
  • Prodcom 27511170 - Upright freezers of a capacity . .900 litres

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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