China - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCombined Refrigerator-Freezer Price in China - 2023
Contents:
- Combined Refrigerator-Freezer Price in China (FOB) - 2023
- Combined Refrigerator-Freezer Price in China (CIF) - 2023
- Combined Refrigerator-Freezer Exports in China
- Combined Refrigerator-Freezer Imports in China
Combined Refrigerator-Freezer Price in China (FOB) - 2023
The average combined refrigerator-freezer export price stood at $189 per unit in August 2023, surging by 6.1% against the previous month. In general, the export price, however, saw a perceptible setback. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 7.5% against the previous month. Over the period under review, the average export prices attained the peak figure at $236 per unit in September 2022; however, from October 2022 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($373 per unit), while the average price for exports to South Africa ($90.5 per unit) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.
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Combined Refrigerator-Freezer Price in China (CIF) - 2023
The average combined refrigerator-freezer import price stood at $960 per unit in September 2023, surging by 12% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 18% month-to-month. Over the period under review, average import prices attained the maximum at $983 per unit in March 2023; however, from April 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($1,296 per unit), while the price for Serbia ($341 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Turkey (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Combined Refrigerator-Freezer Exports in China
After three years of growth, overseas shipments of combined refrigerators-freezers decreased by -24.4% to 18M units in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 26%. Over the period under review, the exports attained the peak figure at 24M units in 2021, and then shrank dramatically in the following year.
In value terms, combined refrigerator-freezer exports contracted significantly to $4.3B in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 28% against the previous year. Over the period under review, the exports hit record highs at $5.7B in 2021, and then reduced markedly in the following year.
| Export of Combined Refrigerator-Freezer in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 325 | 669 | 940 | 775 | 33.6% |
| Japan | 426 | 475 | 509 | 556 | 9.3% |
| South Korea | 190 | 259 | 259 | 261 | 11.2% |
| Australia | 106 | 157 | 173 | 196 | 22.7% |
| United Kingdom | 191 | 274 | 351 | 177 | -2.5% |
| France | 191 | 235 | 321 | 138 | -10.3% |
| Russia | 76.1 | 93.0 | 114 | 128 | 18.9% |
| United Arab Emirates | 34.4 | 61.1 | 90.8 | 101 | 43.2% |
| Germany | 157 | 182 | 198 | 100 | -14.0% |
| Spain | 117 | 134 | 190 | 81.4 | -11.4% |
| Italy | 108 | 146 | 184 | 79.3 | -9.8% |
| Philippines | 39.4 | 40.0 | 57.4 | 73.7 | 23.2% |
| South Africa | 55.5 | 58.3 | 81.1 | 60.4 | 2.9% |
| Others | 1,443 | 1,655 | 2,197 | 1,529 | 1.9% |
| Total | 3,459 | 4,438 | 5,665 | 4,257 | 7.2% |
Top Export Markets for Combined Refrigerator-Freezer from China in 2022:
- United States (3.2M units)
- Japan (2.3M units)
- United Kingdom (0.9M units)
- South Korea (0.8M units)
- Russia (0.7M units)
- Australia (0.6M units)
- France (0.6M units)
- Italy (0.4M units)
- South Africa (0.4M units)
- United Arab Emirates (0.4M units)
- Philippines (0.4M units)
- Germany (0.4M units)
- Spain (0.4M units)
Combined Refrigerator-Freezer Imports in China
In 2022, imports of combined refrigerators-freezers into China amounted to 223K units, surging by 4.8% against 2021 figures. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, combined refrigerator-freezer imports rose remarkably to $198M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Combined Refrigerator-Freezer in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 33.3 | 49.7 | 62.2 | 85.1 | 36.7% |
| Germany | 29.6 | 30.6 | 49.3 | 51.2 | 20.0% |
| Turkey | 14.2 | 12.9 | 28.0 | 20.7 | 13.4% |
| Thailand | 6.7 | 6.1 | 13.9 | 14.5 | 29.3% |
| Italy | 3.5 | 6.0 | 9.1 | 10.6 | 44.7% |
| South Korea | 20.3 | 13.3 | 10.3 | 5.5 | -35.3% |
| Serbia | 0.9 | 0.4 | 1.3 | 3.4 | 55.7% |
| Romania | 2.2 | 1.5 | 3.1 | 2.5 | 4.4% |
| Others | 6.4 | 5.2 | 5.3 | 5.0 | -7.9% |
| Total | 117 | 126 | 182 | 198 | 19.2% |
Top Suppliers of Combined Refrigerator-Freezer to China in 2022:
- Japan (72.4K units)
- Germany (61.1K units)
- Turkey (28.1K units)
- Italy (22.4K units)
- Thailand (18.9K units)
- Serbia (6.4K units)
- Romania (6.1K units)
- South Korea (4.1K units)
This report provides an in-depth analysis of the combined refrigerator-freezer market in China. 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
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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