Singapore - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCombined Refrigerator-Freezer Price in Singapore - 2022
Contents:
- Combined Refrigerator-Freezer Price in Singapore (CIF) - 2022
- Combined Refrigerator-Freezer Price in Singapore (FOB) - 2022
- Combined Refrigerator-Freezer Imports in Singapore
- Combined Refrigerator-Freezer Exports in Singapore
Combined Refrigerator-Freezer Price in Singapore (CIF) - 2022
The average combined refrigerator-freezer import price stood at $721 per unit in September 2022, reducing by -1.9% against the previous month. Overall, import price indicated a noticeable increase from September 2021 to September 2022: its price increased at an average monthly rate of +3.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, combined refrigerator-freezer import price increased by +8.1% against July 2022 indices. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 31% m-o-m. The import price peaked at $739 per unit in February 2022; however, from March 2022 to September 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Japan ($1,448 per unit), while the price for Indonesia ($451 per unit) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Combined Refrigerator-Freezer Price in Singapore (FOB) - 2022
In 2022, the average combined refrigerator-freezer export price amounted to $365 per unit, which is down by -41.5% against the previous year. Overall, the export price, however, continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 277%. The export price peaked at $624 per unit in 2021, and then dropped significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($1,123 per unit), while the average price for exports to Maldives ($223 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 Cambodia (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Combined Refrigerator-Freezer Imports in Singapore
For the fourth year in a row, Singapore recorded growth in overseas purchases of combined refrigerators-freezers, which increased by 4.1% to 139K units in 2022. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 9.8%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, combined refrigerator-freezer imports rose to $70M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +51.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 30%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Combined Refrigerator-Freezer in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.6 | 11.9 | 19.4 | 20.2 | 20.3% |
| Thailand | 20.7 | 23.5 | 24.1 | 19.3 | -2.3% |
| Japan | 5.8 | 7.9 | 10.1 | 11.2 | 24.5% |
| Vietnam | 1.7 | 1.3 | 3.4 | 5.6 | 48.8% |
| Indonesia | 2.5 | 2.8 | 4.0 | 3.5 | 11.9% |
| South Korea | 1.5 | 1.3 | 2.8 | 3.0 | 26.0% |
| Turkey | 1.3 | 1.1 | 1.0 | 1.4 | 2.5% |
| Others | 1.4 | 1.7 | 2.0 | 5.7 | 59.7% |
| Total | 46.4 | 51.6 | 66.9 | 70.1 | 14.7% |
Top Suppliers of Combined Refrigerator-Freezer to Singapore in 2022:
- Thailand (51.3K units)
- China (38.8K units)
- Vietnam (15.8K units)
- Japan (10.0K units)
- Indonesia (7.7K units)
- South Korea (4.1K units)
- Turkey (3.3K units)
Combined Refrigerator-Freezer Exports in Singapore
In 2022, approx. 13K units of combined refrigerators-freezers were exported from Singapore; growing by 70% against the previous year's figure. In general, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, combined refrigerator-freezer exports contracted modestly to $4.7M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.9% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 50% against the previous year. As a result, the exports attained the peak of $4.7M, leveling off in the following year.
| Export of Combined Refrigerator-Freezer in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 109 | 119 | 427 | 535 | 69.9% |
| Cambodia | 187 | 360 | 140 | 502 | 39.0% |
| Maldives | 452 | 280 | 461 | 384 | -5.3% |
| Bangladesh | 207 | 299 | 528 | 352 | 19.4% |
| Malaysia | 78.1 | 200 | 448 | 313 | 58.8% |
| United Arab Emirates | N/A | N/A | 2.8 | 227 | 8007.1% |
| Indonesia | 79.6 | 87.1 | 83.7 | 181 | 31.5% |
| Thailand | 45.7 | 131 | 141 | 136 | 43.8% |
| Brunei Darussalam | 152 | 141 | 93.8 | 87.7 | -16.7% |
| Togo | 118 | 92.4 | 42.2 | 81.7 | -11.5% |
| Tonga | 95.2 | 91.8 | 92.2 | 66.4 | -11.3% |
| Timor-Leste | 35.0 | 17.9 | 28.5 | 36.9 | 1.8% |
| Benin | 55.4 | 36.3 | 136 | 35.2 | -14.0% |
| Others | 1,316 | 1,316 | 2,120 | 1,778 | 10.5% |
| Total | 2,930 | 3,171 | 4,744 | 4,715 | 17.2% |
Top Export Markets for Combined Refrigerator-Freezer from Singapore in 2022:
- Maldives (1720.0 units)
- Vietnam (1336.0 units)
- Cambodia (1039.0 units)
- Bangladesh (568.0 units)
- United Arab Emirates (564.0 units)
- Thailand (419.0 units)
- Malaysia (279.0 units)
- Tonga (276.0 units)
- Indonesia (186.0 units)
- Brunei Darussalam (184.0 units)
- Togo (165.0 units)
- Timor-Leste (163.0 units)
- Benin (151.0 units)
This report provides an in-depth analysis of the combined refrigerator-freezer market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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
-
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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