Australia - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRefrigerator and Freezer Price in Australia - 2023
Contents:
- Refrigerator and Freezer Price in Australia (CIF) - 2022
- Refrigerator and Freezer Price in Australia (FOB) - 2022
- Refrigerator and Freezer Imports in Australia
- Refrigerator and Freezer Exports in Australia
Refrigerator and Freezer Price in Australia (CIF) - 2022
In 2022, the average refrigerator and freezer import price amounted to $395 per unit, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
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 ($1,132 per unit), while the price for China ($306 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Refrigerator and Freezer Price in Australia (FOB) - 2022
In 2022, the average refrigerator and freezer export price amounted to $396 per unit, rising by 48% against the previous year. Overall, the export price recorded pronounced growth. The most prominent rate of growth was recorded in 2020 an increase of 94%. Over the period under review, the average export prices hit record highs at $398 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($1,908 per unit), while the average price for exports to Timor-Leste ($91 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 Papua New Guinea (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Refrigerator and Freezer Imports in Australia
In 2022, imports of refrigerators and freezers into Australia skyrocketed to 2M units, with an increase of 15% against the previous year's figure. The total import volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, refrigerator and freezer imports soared to $794M in 2022. The total import value increased at an average annual rate of +13.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refrigerator and Freezer in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 213 | 303 | 351 | 442 | 27.6% |
| Thailand | 201 | 195 | 184 | 187 | -2.4% |
| South Korea | 53.5 | 55.6 | 68.2 | 63.2 | 5.7% |
| Germany | 15.6 | 12.3 | 13.0 | 21.2 | 10.8% |
| Indonesia | 15.0 | 16.0 | 15.9 | 12.7 | -5.4% |
| Others | 41.1 | 36.8 | 55.5 | 68.0 | 18.3% |
| Total | 540 | 619 | 687 | 794 | 13.7% |
Top Suppliers of Refrigerator and Freezer to Australia in 2022:
- China (1444.5K units)
- Thailand (354.4K units)
- South Korea (55.9K units)
- Germany (42.8K units)
- Indonesia (38.8K units)
Refrigerator and Freezer Exports in Australia
For the third year in a row, Australia recorded decline in shipments abroad of refrigerators and freezers, which decreased by -45.7% to 11K units in 2022. Overall, exports recorded a dramatic decline. The smallest decline of -16.3% was in 2021. Over the period under review, the exports attained the peak figure at 51K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, refrigerator and freezer exports reduced sharply to $4.2M in 2022. Over the period under review, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of $5.2M, and then declined significantly in the following year.
| Export of Refrigerator and Freezer in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,653 | 2,139 | 2,352 | 1,493 | -3.3% |
| Papua New Guinea | 346 | 364 | 943 | 551 | 16.8% |
| Singapore | 6.7 | 58.7 | 6.8 | 313 | 260.2% |
| Philippines | 923 | 28.5 | 28.4 | 246 | -35.6% |
| Solomon Islands | 243 | 157 | 139 | 222 | -3.0% |
| Fiji | 381 | 85.4 | 281 | 191 | -20.6% |
| Cook Islands | 81.4 | 185 | 121 | 125 | 15.4% |
| Kiribati | 87.0 | 107 | 287 | 116 | 10.1% |
| Indonesia | 19.9 | N/A | N/A | 66.4 | 49.4% |
| Wallis and Futuna Islands | 10.2 | 20.5 | 13.9 | 59.6 | 80.1% |
| Timor-Leste | 7.6 | 12.4 | 0.8 | 47.6 | 84.3% |
| United Arab Emirates | 80.2 | 69.4 | 66.7 | 33.3 | -25.4% |
| Finland | 6.6 | N/A | N/A | N/A | 0% |
| Others | 866 | 900 | 950 | 712 | -6.3% |
| Total | 4,711 | 4,127 | 5,189 | 4,176 | -3.9% |
Top Export Markets for Refrigerator and Freezer from Australia in 2022:
- New Zealand (5180.0 units)
- Solomon Islands (903.0 units)
- Timor-Leste (522.0 units)
- Fiji (486.0 units)
- Papua New Guinea (478.0 units)
- Kiribati (339.0 units)
- Wallis and Futuna Islands (311.0 units)
- United Arab Emirates (280.0 units)
- Cook Islands (261.0 units)
- Indonesia (186.0 units)
- Philippines (177.0 units)
- Singapore (164.0 units)
This report provides an in-depth analysis of the refrigerator and freezer market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
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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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