Austria: Refrigerator And Freezer Market Overview 2021

Refrigerator And Freezer Market Size in Austria

In 2019, the Austrian refrigerator and freezer market increased by X% to $X, rising for the third consecutive year after three years of decline. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the market value increased by X% y-o-y. Refrigerator and freezer consumption peaked in 2019 and is expected to retain growth in years to come.

Refrigerator And Freezer Production in Austria

In value terms, refrigerator and freezer production expanded notably to $X in 2019 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. From 2009 to 2019, production growth failed to regain the momentum.

Refrigerator And Freezer Exports

Exports from Austria

In 2019, shipments abroad of refrigerators and freezers was finally on the rise to reach X tonnes after five years of decline. Over the period under review, exports, however, recorded a pronounced setback. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, refrigerator and freezer exports reached $X in 2019. In general, exports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes), the U.S. (X tonnes) and France (X tonnes) were the main destinations of refrigerator and freezer exports from Austria, together accounting for X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the U.S., while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refrigerator and freezer exported from Austria were Germany ($X), the U.S. ($X) and Spain ($X), with a combined X% share of total exports.

Among the main countries of destination, the U.S. saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average refrigerator and freezer export price stood at $X per tonne in 2019, almost unchanged from the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per tonne), while the average price for exports to Russia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced mixed trend patterns.

Refrigerator And Freezer Imports

Imports into Austria

In 2019, overseas purchases of refrigerators and freezers were finally on the rise to reach X tonnes for the first time since 2016, thus ending a two-year declining trend. In general, imports, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, refrigerator and freezer imports shrank modestly to $X in 2019. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Germany (X tonnes) constituted the largest refrigerator and freezer supplier to Austria, accounting for a X% share of total imports. Moreover, refrigerator and freezer imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tonnes), fourfold. The third position in this ranking was occupied by Turkey (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Turkey (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of refrigerator and freezer to Austria, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and China (+X% per year).

Import Prices by Country

The average refrigerator and freezer import price stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2018, and then shrank slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refrigerators and freezers in the world?

+

China (122K tonnes) constituted the country with the largest volume of refrigerator and freezer consumption, accounting for 35% of total volume. Moreover, refrigerator and freezer consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (37K tonnes), threefold. India (23K tonnes) ranked third in terms of total consumption with a 6.7% share.

What are the largest producers of refrigerators and freezers in the world?

+

China (160K tonnes) constituted the country with the largest volume of refrigerator and freezer production, comprising approx. 46% of total volume. Moreover, refrigerator and freezer production in China exceeded the figures recorded by the second-largest producer, India (23K tonnes), sevenfold. The third position in this ranking was occupied by Mexico (21K tonnes), with a 6% share.

What are the leading suppliers of refrigerators and freezers to Austria?

+

In value terms, Germany ($80M) constituted the largest supplier of refrigerator and freezer to Austria, comprising 55% of total imports. The second position in the ranking was occupied by Turkey ($11M), with a 7.5% share of total imports. It was followed by China, with a 7.2% share.

What are the leading importers of refrigerators and freezers from Austria?

+

In value terms, the largest markets for refrigerator and freezer exported from Austria were Germany ($35M), the U.S. ($29M) and Spain ($18M), together accounting for 60% of total exports.

What is the average export price for refrigerators and freezers in Austria?

+

The average refrigerator and freezer export price stood at $383,859 per tonne in 2019, approximately equating the previous year.

What is the average import price for refrigerators and freezers in Austria?

+

In 2019, the average refrigerator and freezer import price amounted to $283,708 per tonne, reducing by -4.2% against the previous year.