China - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRefrigerator and Freezer Price in China - 2023
Contents:
- Refrigerator and Freezer Price in China (FOB) - 2022
- Refrigerator and Freezer Price in China (CIF) - 2022
- Refrigerator and Freezer Exports in China
- Refrigerator and Freezer Imports in China
Refrigerator and Freezer Price in China (FOB) - 2022
The average refrigerator and freezer export price stood at $143 per unit in 2022, flattening at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 22%. The export price peaked at $158 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($230 per unit), while the average price for exports to Mexico ($101 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 South Korea (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Refrigerator and Freezer Price in China (CIF) - 2022
The average refrigerator and freezer import price stood at $945 per unit in 2022, reducing by -3.2% against the previous year. In general, the import price, however, continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 14% against the previous year. The import price peaked at $999 per unit in 2015; however, from 2016 to 2022, import prices remained at a 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 Japan ($1,229 per unit), while the price for Romania ($291 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Refrigerator and Freezer Exports in China
In 2022, shipments abroad of refrigerators and freezers decreased by -21.5% to 55M units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 35%. The exports peaked at 70M units in 2021, and then reduced rapidly in the following year.
In value terms, refrigerator and freezer exports shrank rapidly to $7.9B in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 30% against the previous year. The exports peaked at $10B in 2021, and then shrank remarkably in the following year.
| Export of Refrigerator and Freezer in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 862 | 1,731 | 1,897 | 1,708 | 25.6% |
| Japan | 548 | 631 | 672 | 723 | 9.7% |
| South Korea | 242 | 333 | 369 | 365 | 14.7% |
| United Kingdom | 334 | 479 | 591 | 327 | -0.7% |
| Australia | 174 | 262 | 289 | 310 | 21.2% |
| Germany | 324 | 374 | 434 | 294 | -3.2% |
| France | 344 | 397 | 532 | 265 | -8.3% |
| Russia | 132 | 165 | 219 | 222 | 18.9% |
| Canada | 179 | 256 | 249 | 212 | 5.8% |
| Italy | 192 | 247 | 295 | 142 | -9.6% |
| Netherlands | 185 | 213 | 237 | 120 | -13.4% |
| Mexico | 54.3 | 65.9 | 92.5 | 99.8 | 22.5% |
| Nigeria | 95.3 | 64.5 | 99.0 | 93.0 | -0.8% |
| Others | 2,703 | 3,035 | 4,058 | 2,988 | 3.4% |
| Total | 6,369 | 8,253 | 10,033 | 7,869 | 7.3% |
Top Export Markets for Refrigerator and Freezer from China in 2022:
- United States (13.8M units)
- Japan (3.7M units)
- United Kingdom (2.7M units)
- Germany (2.3M units)
- France (2.0M units)
- Canada (1.7M units)
- Russia (1.7M units)
- South Korea (1.6M units)
- Australia (1.5M units)
- Netherlands (1.1M units)
- Italy (1.1M units)
- Mexico (1.0M units)
- Nigeria (0.9M units)
Refrigerator and Freezer Imports in China
In 2022, the amount of refrigerators and freezers imported into China soared to 330K units, jumping by 22% on the previous year's figure. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.0% 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 +75.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, refrigerator and freezer imports soared to $312M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Refrigerator and Freezer in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 47.0 | 46.0 | 76.9 | 93.5 | 25.8% |
| Japan | 38.9 | 55.5 | 68.4 | 90.4 | 32.5% |
| Turkey | 17.2 | 18.0 | 32.6 | 29.4 | 19.6% |
| Spain | 1.7 | 2.4 | 5.4 | 18.2 | 120.4% |
| Thailand | 6.8 | 6.3 | 14.3 | 14.9 | 29.9% |
| Italy | 5.2 | 7.8 | 11.5 | 12.8 | 35.0% |
| South Korea | 21.2 | 14.4 | 11.6 | 6.1 | -34.0% |
| Romania | 2.3 | 1.5 | 3.4 | 3.5 | 15.0% |
| United Arab Emirates | 10.7 | N/A | N/A | N/A | 0% |
| Others | 30.6 | 31.8 | 40.5 | 43.1 | 12.1% |
| Total | 182 | 184 | 265 | 312 | 19.7% |
Top Suppliers of Refrigerator and Freezer to China in 2022:
- United Arab Emirates (undefinedK units)
- Germany (100.5K units)
- Japan (73.5K units)
- Turkey (41.6K units)
- Italy (24.9K units)
- Spain (20.5K units)
- Thailand (19.3K units)
- Romania (12.1K units)
- South Korea (5.1K units)
This report provides an in-depth analysis of the refrigerator and freezer market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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