Saudi Arabia - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCombined Refrigerator-Freezer Price in Saudi Arabia - 2021
Contents:
- Combined Refrigerator-Freezer Price in Saudi Arabia (CIF) - 2022
- Combined Refrigerator-Freezer Price in Saudi Arabia (FOB) - 2022
- Combined Refrigerator-Freezer Imports in Saudi Arabia
- Combined Refrigerator-Freezer Exports in Saudi Arabia
Combined Refrigerator-Freezer Price in Saudi Arabia (CIF) - 2022
In 2022, the average combined refrigerator-freezer import price amounted to $248 per unit, falling by -11.4% against the previous year. Over the period from 2014 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2015 an increase of 37% against the previous year. Over the period under review, average import prices hit record highs at $295 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($539 per unit), while the price for China ($206 per unit) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Combined Refrigerator-Freezer Price in Saudi Arabia (FOB) - 2022
The average combined refrigerator-freezer export price stood at $453 per unit in 2022, reducing by -24.1% against the previous year. Overall, the export price, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2020 an increase of 88% against the previous year. Over the period under review, the average export prices hit record highs at $597 per unit in 2021, and then reduced sharply in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($514 per unit), while the average price for exports to Tanzania ($20 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+893.3%), while the prices for the other major destinations experienced more modest paces of growth.
Combined Refrigerator-Freezer Imports in Saudi Arabia
In 2022, approx. 848K units of combined refrigerators-freezers were imported into Saudi Arabia; picking up by 9.4% on 2021 figures. The total import volume increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 48%. As a result, imports reached the peak of 920K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, combined refrigerator-freezer imports declined modestly to $210M in 2022. The total import value increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 34%. Over the period under review, imports attained the peak figure at $217M in 2021, and then contracted in the following year.
| Import of Combined Refrigerator-Freezer in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 91.5 | 134 | 137 | 132 | 13.0% |
| Thailand | 38.1 | 45.2 | 55.0 | 53.0 | 11.6% |
| South Korea | 7.3 | 8.3 | 10.5 | 10.2 | 11.8% |
| Indonesia | 5.8 | 8.8 | 7.1 | 6.8 | 5.4% |
| Others | 9.5 | 7.4 | 8.0 | 8.9 | -2.2% |
| Total | 152 | 204 | 217 | 210 | 11.4% |
Top Suppliers of Combined Refrigerator-Freezer to Saudi Arabia in 2022:
- China (640.5K units)
- Thailand (146.3K units)
- Indonesia (19.0K units)
- South Korea (18.8K units)
Combined Refrigerator-Freezer Exports in Saudi Arabia
In 2022, after two years of decline, there was significant growth in shipments abroad of combined refrigerators-freezers, when their volume increased by 50% to 1.3K units. Over the period under review, exports, however, faced a precipitous decrease. Over the period under review, the exports hit record highs at 3.1K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, combined refrigerator-freezer exports rose sharply to $577K in 2022. Overall, exports, however, recorded a noticeable decline. Over the period under review, the exports hit record highs at $648K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Combined Refrigerator-Freezer in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 73.9 | 104 | 340 | 114.5% |
| United Kingdom | N/A | N/A | 9.2 | 66.5 | 622.8% |
| United Arab Emirates | N/A | 85.4 | 110 | 63.3 | -13.9% |
| Ethiopia | N/A | N/A | N/A | 39.3 | 0% |
| Egypt | 51.7 | 4.7 | 0.3 | 24.0 | -22.6% |
| Kenya | N/A | N/A | N/A | 7.8 | 0% |
| Tanzania | N/A | N/A | N/A | 1.1 | 0% |
| Thailand | N/A | 710 | N/A | 0.9 | -96.4% |
| Mauritania | N/A | 167 | N/A | 0.3 | -95.8% |
| China | N/A | 72.5 | N/A | N/A | 0% |
| Gambia | N/A | 33.4 | N/A | N/A | 0% |
| Sudan | N/A | 11.3 | N/A | N/A | 0% |
| Oman | N/A | 88.6 | 2.1 | N/A | -97.6% |
| Others | 587 | -598.7 | 281 | 33.4 | -61.5% |
| Total | 638 | 648 | 506 | 577 | -3.3% |
Top Export Markets for Combined Refrigerator-Freezer from Saudi Arabia in 2022:
- Turkey (662.0 units)
- United Kingdom (152.0 units)
- United Arab Emirates (142.0 units)
- Ethiopia (88.0 units)
- Kenya (69.0 units)
- Tanzania (56.0 units)
- Egypt (53.0 units)
- Thailand (2.0 units)
- Mauritania (1.0 units)
This report provides an in-depth analysis of the combined refrigerator-freezer market in Saudi Arabia. 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:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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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