
World - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights
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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 tonnes 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 tonnes, 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 $X in 2014; however, from 2015 to 2017, exports failed to regain their momentum.
Exports by Country
In 2017, China (X tonnes) represented the major exporter for refrigerators and freezers, achieving X% of total exports. Mexico (X tonnes) took the second position in the ranking, followed by South Korea (X tonnes), Turkey (X tonnes) and Thailand (X tonnes). All these countries together held approx. X% share of total exports. Poland (X tonnes), Germany (X tonnes), Italy (X tonnes), Romania (X tonnes), Hungary (X tonnes) and the U.S. (X tonnes) followed a long way behind the leaders.
From 2007 to 2017, average annual rates of growth with regard to refrigerator and freezer exports from China stood at +X%. At the same time, Romania (+X%), Mexico (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. Turkey and South Korea experienced a relatively flat trend pattern. By contrast, Thailand (-X%), Hungary (-X%), the U.S. (-X%), Italy (-X%) and Germany (-X%) illustrated a downward trend over the same period. Germany (X%) and Italy (X%) significantly strengthened its position in terms of the global exports, while Romania, Mexico and China saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($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 tonnes 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 $X in 2014; however, from 2015 to 2017, imports failed to regain their momentum.
Imports by Country
The U.S. was the largest importer of refrigerators and freezers in the world, with the volume of imports amounting to X tonnes, which was near X% of total imports in 2017. The UK (X tonnes) ranks second in terms of the global imports with a X% share, followed by Germany (X%) and France (X%). Italy (X tonnes), Japan (X tonnes), Canada (X tonnes), Russia (X tonnes), Australia (X tonnes), Sweden (X tonnes), Spain (X tonnes) and Viet Nam (X tonnes) followed a long way behind the leaders.
Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2017. At the same time, Viet Nam (+X%), Australia (+X%), Sweden (+X%), Germany (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. France, Russia, the UK and Japan experienced a relatively flat trend pattern. By contrast, Canada (-X%) and Spain (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the U.S. decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the U.S. ($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.
Source: IndexBox AI 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 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 Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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