Report Update: May 1, 2024

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

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Refrigerator and Freezer Price in New Zealand - 2023

Refrigerator and Freezer Price in New Zealand (CIF) - 2022

The average refrigerator and freezer import price stood at $370 per unit in 2022, growing by 5.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($1,198 per unit), while the price for Australia ($203 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Refrigerator and Freezer Price in New Zealand (FOB) - 2022

The average refrigerator and freezer export price stood at $445 per unit in 2022, shrinking by -17.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 an increase of 19%. The export price peaked at $537 per unit in 2021, and then fell sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($691 per unit), while the average price for exports to Samoa ($248 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 Australia (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator and Freezer Imports in New Zealand

In 2022, refrigerator and freezer imports into New Zealand contracted to 325K units, reducing by -7.5% against 2021 figures. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of 352K units, and then contracted in the following year.

In value terms, refrigerator and freezer imports dropped slightly to $120M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.4% 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 +40.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 44%. As a result, imports attained the peak of $123M, and then dropped slightly in the following year.

Import of Refrigerator and Freezer in New Zealand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	35.7	37.9	60.7	61.7	20.0%
Thailand	38.2	31.6	35.6	28.3	-9.5%
Vietnam	4.8	5.3	8.6	9.5	25.6%
South Korea	4.6	4.6	7.9	7.7	18.7%
Turkey	1.3	0.8	1.8	3.4	37.8%
Others	7.3	5.7	8.6	9.7	9.9%
Total	91.8	85.8	123	120	9.3%

Top Suppliers of Refrigerator and Freezer to New Zealand in 2022:

China (217.5K units)
Thailand (48.0K units)
Vietnam (26.4K units)
Turkey (9.7K units)
South Korea (6.4K units)

Refrigerator and Freezer Exports in New Zealand

Refrigerator and freezer exports from New Zealand fell dramatically to 3.6K units in 2022, with a decrease of -15.7% on 2021 figures. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports reached the peak figure at 5.4K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, refrigerator and freezer exports contracted significantly to $1.6M in 2022. Over the period under review, exports faced a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 23%. The exports peaked at $2.4M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Refrigerator and Freezer in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	647	700	938	534	-6.2%
Fiji	252	145	206	300	6.0%
Samoa	245	229	364	235	-1.4%
Cook Islands	281	254	362	212	-9.0%
Papua New Guinea	285	102	91.2	85.6	-33.0%
Tonga	76.3	81.8	43.9	61.9	-6.7%
Niue	48.9	34.7	66.8	47.3	-1.1%
New Caledonia	155	75.0	27.4	39.4	-36.7%
French Polynesia	196	154	36.1	18.3	-54.6%
Vanuatu	104	59.8	46.8	17.4	-44.9%
China	13.0	N/A	11.2	1.1	-56.1%
Others	77.5	41.3	107	54.7	-11.0%
Total	2,380	1,876	2,302	1,607	-12.3%

Top Export Markets for Refrigerator and Freezer from New Zealand in 2022:

Samoa (949.0 units)
Australia (773.0 units)
Cook Islands (632.0 units)
Fiji (448.0 units)
Papua New Guinea (332.0 units)
Tonga (188.0 units)
Niue (105.0 units)
Vanuatu (41.0 units)
New Caledonia (39.0 units)
French Polynesia (26.0 units)
China (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refrigerator and freezer market in New Zealand. 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:

New Zealand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in New Zealand
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.

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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023