Refrigerator and Freezer Market

Refrigerator and freezer market: find new information provided by an Ai-driven BI tool. Data provide market prices, consumption, market size, trade, production, companies, exports, and imports. Here is a split by region, including Russia, the U.S., Latin America, Africa, the Middle East, the U.K., EU, and China. Market insights and outlook to 2030 are also featured in the snapshots.


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Refrigerator and Freezer - World's Largest Markets

RatingCountry
1United States
2China
3India
4Japan
5Brazil

In value terms, the largest refrigerator and freezer markets worldwide were the United States, China and India, with a combined 47% share of the global market. Japan, Brazil, Indonesia, Pakistan, Mexico, Turkey, the UK, France, Egypt and Canada lagged somewhat behind, together comprising a further 27%.

Mexico saw the highest growth rate of market size, among the main consuming countries over the period under review, while refrigerator and freezer market for the other global leaders experienced mixed trends in the market figures.

Refrigerator and Freezer Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Hungary6.26.25.4-6.5%
China7.57.16.2-9.6%
Bulgaria9.48.58-7.7%
Netherlands12128.4-15.9%
Turkey13129.9-13.0%
Thailand1111125.9%
Germany1212132.0%
Italy109.61312.6%
Poland604118-45.5%
Average121211-7.1%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Poland ($18 per unit), while Hungary ($5.4 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Japan283126-4.2%
United States262818-16.4%
Spain1311132.7%
Italy141412-7.4%
France9.499.92.6%
Russia13119.8-13.9%
Canada19139.5-30.0%
Germany9.79.89.4-1.4%
United Kingdom7.87.77.80.1%
Belgium8.98.47.5-7.8%
Sweden7.67.77.5-0.4%
United Arab Emirates8.29.76.5-11.3%
Netherlands7.87.96.2-11.3%
Average121211-3.3%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($26 per unit), while the Netherlands ($6.2 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Refrigerator and Freezer - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States6.36.16.73.2%
Germany11.11.27.7%
United Kingdom111.16.0%
Japan0.80.9117.1%
France0.90.90.9-0.1%

In value terms, the United States ($6.7B) constitutes the largest market for imported refrigerators and freezers worldwide, comprising 28% of global imports. The second position in the ranking was occupied by Germany ($1.2B), with a 4.9% share of global imports. It was followed by the UK, with a 4.5% share.

In the United States, refrigerator and freezer imports expanded at an average annual rate of +3.2% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Germany (+7.7% per year) and the UK (+6.0% per year).

Refrigerator and Freezer - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
China6.26.47.38.5%
Thailand1.61.61.88.2%
Turkey1.41.41.3-3.4%
Poland111.29.5%
Germany10.90.9-3.3%

In value terms, China ($7.3B) remains the largest refrigerator and freezer supplier worldwide, comprising 32% of global exports. The second position in the ranking was occupied by Thailand ($1.8B), with a 8% share of global exports. It was followed by Turkey, with a 5.8% share.

In China, refrigerator and freezer exports increased at an average annual rate of +8.5% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+8.2% per year) and Turkey (-3.4% per year).

Refrigerator and Freezer - Market Forecast

Driven by rising demand for refrigerator and freezer worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Refrigerator and Freezer - Product Coverage

  • HS 841810 - Refrigerators and freezers; combined refrigerator-freezers, fitted with separate external doors, electric or other
  • HS 841821 - Refrigerators; for household use, compression-type, electric or other
  • HS 841829 - Refrigerators; household, electric or not, other than compression-type
  • HS 841830 - Freezers; of the chest type, not exceeding 800l capacity
  • HS 841840 - Freezers; of the upright type, not exceeding 900l capacity
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World - Refrigerators and Freezers - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Africa - Refrigerators and Freezers - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Latin America and the Caribbean - Refrigerators and Freezers - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refrigerator and freezer market in Latin America and the Caribbean.

Middle East - Refrigerators and Freezers - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refrigerator and freezer market in the Middle East.

Australia and Oceania - Refrigerators and Freezers - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refrigerator and freezer market in Australia and Oceania.

Eastern Asia - Refrigerators and Freezers - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refrigerator and freezer market in Eastern Asia.

Central Asia - Refrigerators and Freezers - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refrigerator and freezer market in Central Asia.

Northern America - Refrigerators and Freezers - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refrigerator and freezer market in Northern America.

Southern Asia - Refrigerators and Freezers - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refrigerator and freezer market in Southern Asia.

South-Eastern Asia - Refrigerators and Freezers - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refrigerator and freezer market in South-Eastern Asia.

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