United Kingdom - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRefrigerator and Freezer Price in the UK - 2023
Contents:
- Refrigerator and Freezer Price in the UK (CIF) - 2022
- Refrigerator and Freezer Price in the UK (FOB) - 2022
- Refrigerator and Freezer Imports in the UK
- Refrigerator and Freezer Exports in the UK
Refrigerator and Freezer Price in the UK (CIF) - 2022
The average refrigerator and freezer import price stood at $220 per unit in 2022, dropping by -2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 17%. The import price peaked at $235 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Poland ($394 per unit), while the price for China ($171 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Refrigerator and Freezer Price in the UK (FOB) - 2022
In 2022, the average refrigerator and freezer export price amounted to $465 per unit, with an increase of 5.6% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refrigerator and freezer export price increased by +76.9% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 25%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,209 per unit), while the average price for exports to Tanzania ($103 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 Poland (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Refrigerator and Freezer Imports in the UK
After three years of growth, overseas purchases of refrigerators and freezers decreased by -16% to 4.8M units in 2022. In general, imports recorded a mild slump. The growth pace was the most rapid in 2020 with an increase of 13%. Over the period under review, imports attained the maximum at 5.7M units in 2021, and then dropped rapidly in the following year.
In value terms, refrigerator and freezer imports shrank rapidly to $1B in 2022. The total import value increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, imports attained the peak of $1.3B, and then contracted markedly in the following year.
| Import of Refrigerator and Freezer in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 338 | 401 | 506 | 429 | 8.3% |
| Turkey | 206 | 230 | 264 | 213 | 1.1% |
| Poland | 73.8 | 82.8 | 89.2 | 94.6 | 8.6% |
| Germany | 106 | 104 | 127 | 81.7 | -8.3% |
| Italy | 84.8 | 82.4 | 105 | 79.9 | -2.0% |
| Romania | 33.5 | 30.7 | 55.3 | 53.4 | 16.8% |
| Others | 114 | 143 | 126 | 95.7 | -5.7% |
| Total | 956 | 1,074 | 1,273 | 1,047 | 3.1% |
Top Suppliers of Refrigerator and Freezer to the UK in 2022:
- China (2502.8K units)
- Turkey (1114.4K units)
- Italy (259.5K units)
- Poland (239.9K units)
- Germany (214.8K units)
- Romania (210.6K units)
Refrigerator and Freezer Exports in the UK
In 2022, exports of refrigerators and freezers from the UK dropped rapidly to 164K units, reducing by -19.3% on 2021. In general, exports faced a abrupt descent. The smallest decline of -11.4% was in 2020. The exports peaked at 299K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, refrigerator and freezer exports reduced to $76M in 2022. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 2% against the previous year. As a result, the exports attained the peak of $101M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Refrigerator and Freezer in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 19.3 | 25.7 | 31.6 | 28.2 | 13.5% |
| Ireland | 43.2 | 46.0 | 30.4 | 17.7 | -25.7% |
| Germany | 2.2 | 1.9 | 3.9 | 4.0 | 22.1% |
| United Arab Emirates | 0.4 | 0.6 | 0.5 | 3.7 | 109.9% |
| United States | 3.7 | 4.4 | 4.6 | 2.8 | -8.9% |
| Spain | 4.8 | 2.8 | 2.0 | 2.0 | -25.3% |
| Sweden | 0.4 | 0.2 | 0.4 | 1.0 | 35.7% |
| Poland | 1.0 | 0.4 | 0.7 | 0.8 | -7.2% |
| Romania | 0.3 | 0.1 | 0.1 | 0.6 | 26.0% |
| Tanzania | 0.2 | N/A | 0.7 | 0.5 | 35.7% |
| Others | 23.3 | 18.4 | 14.5 | 14.8 | -14.0% |
| Total | 98.7 | 101 | 89.3 | 76.1 | -8.3% |
Top Export Markets for Refrigerator and Freezer from the UK in 2022:
- Ireland (57.2K units)
- Netherlands (23.3K units)
- United Arab Emirates (13.7K units)
- Spain (11.5K units)
- Germany (9.8K units)
- Tanzania (5.1K units)
- Poland (4.3K units)
- Romania (3.9K units)
- United States (2.5K units)
- Sweden (2.4K units)
This report provides an in-depth analysis of the refrigerator and freezer market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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