World - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 8, 2024

World - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights

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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.

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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

Source: IndexBox Market Intelligence 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 2030.

Product coverage:

  • Prodcom 27511110 - Combined refrigerators-freezers, with separate external doors
  • Prodcom 27511133 - Household-type refrigerators (including compression-type, e lectrical absorption-type) (excluding built-in)
  • Prodcom 27511135 - Compression-type built-in refrigerators
  • Prodcom 27511150 - Chest freezers of a capacity . .800 litres
  • Prodcom 27511170 - Upright freezers of a capacity . .900 litres

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
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