U.S. - Furniture Designed To Receive Refrigerating Or Freezing Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefrigerator or Freezer Price in the United States - 2023
Contents:
- Refrigerator or Freezer Price in the United States (CIF) - 2022
- Refrigerator or Freezer Price in the United States (FOB) - 2022
- Refrigerator or Freezer Imports in the United States
- Refrigerator or Freezer Exports in the United States
Refrigerator or Freezer Price in the United States (CIF) - 2022
In 2022, the average refrigerator or freezer import price amounted to $3.3 per unit, shrinking by -2.5% against the previous year. Overall, the import price recorded a slight descent. The most prominent rate of growth was recorded in 2017 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $4.6 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($3.8 per unit) and Mexico ($3.6 per unit), while the price for Canada ($2.9 per unit) and France ($3.3 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.4%), while the prices for the other major suppliers experienced a decline.
Refrigerator or Freezer Price in the United States (FOB) - 2022
The average refrigerator or freezer export price stood at $4.5 per unit in 2022, jumping by 54% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $4.8 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($5 per unit) and Brazil ($5 per unit), while the average price for exports to the UK ($3.6 per unit) and Japan ($3.6 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.3%), while the prices for the other major destinations experienced more modest paces of growth.
Refrigerator or Freezer Imports in the United States
In 2022, approx. 11M units of furniture designed to receive refrigerating or freezing equipment were imported into the United States; increasing by 46% against the previous year. In general, imports showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 64%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, refrigerator or freezer imports skyrocketed to $38M in 2022. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 82%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Refrigerator or Freezer in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 5.0 | 5.0 | 9.9 | 15.2 | 44.9% |
| Canada | 1.4 | 0.5 | 7.0 | 10.8 | 97.6% |
| China | 1.7 | 3.5 | 2.6 | 3.6 | 28.4% |
| Poland | N/A | N/A | 0.1 | 2.4 | 2300.0% |
| Japan | 0.3 | 0.7 | 2.2 | 1.1 | 54.2% |
| Germany | 0.1 | N/A | 0.2 | 1.1 | 122.4% |
| France | 1.8 | 2.2 | 2.2 | 1.0 | -17.8% |
| Others | 2.2 | 2.6 | 2.3 | 2.5 | 4.4% |
| Total | 12.6 | 14.6 | 26.5 | 37.7 | 44.1% |
Top Suppliers of Refrigerator or Freezer to the United States in 2022:
- Mexico (4.2M units)
- Canada (3.7M units)
- China (1.1M units)
- Poland (0.7M units)
- Japan (0.3M units)
- France (0.3M units)
- Germany (0.3M units)
Refrigerator or Freezer Exports in the United States
In 2022, approx. 5.5M units of furniture designed to receive refrigerating or freezing equipment were exported from the United States; growing by 17% on the previous year. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, refrigerator or freezer exports skyrocketed to $25M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Refrigerator or Freezer in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6.9 | 5.2 | 5.5 | 11.2 | 17.5% |
| Mexico | 5.3 | 3.0 | 1.4 | 3.6 | -12.1% |
| Japan | 1.0 | 1.6 | 2.2 | 2.9 | 42.6% |
| Australia | 0.4 | 1.4 | 1.0 | 1.2 | 44.2% |
| Honduras | 1.1 | 0.6 | 0.7 | 1.1 | 0.0% |
| China | 0.1 | 0.1 | 0.4 | 0.9 | 108.0% |
| South Korea | 0.7 | 0.2 | 0.2 | 0.8 | 4.6% |
| Panama | 0.1 | N/A | 0.2 | 0.4 | 58.7% |
| Germany | 0.7 | 0.3 | 0.2 | 0.1 | -47.7% |
| Others | 2.3 | 3.5 | 1.9 | 2.7 | 5.5% |
| Total | 18.6 | 16.0 | 13.8 | 24.8 | 10.1% |
Top Export Markets for Refrigerator or Freezer from the United States in 2022:
- Canada (2248.9K units)
- Mexico (999.2K units)
- Japan (787.1K units)
- Australia (235.1K units)
- Honduras (220.0K units)
- China (173.6K units)
- South Korea (150.3K units)
- Panama (82.9K units)
- Germany (24.4K units)
This report provides an in-depth analysis of the refrigerator or freezer market in the U.S.. 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 28253030 - Furniture designed to receive refrigerating or freezing equipment (including evaporators, complete refrigerating units)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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