Belgium: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Belgium

In 2022, the Belgian refrigerator and freezer market increased by X% to $X, rising for the fifth year in a row after four years of decline. Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Refrigerator and freezer consumption peaked in 2022 and is expected to retain growth in years to come.

Refrigerator And Freezer Production in Belgium

In value terms, refrigerator and freezer production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Refrigerator and freezer production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Refrigerator And Freezer Exports

Exports from Belgium

In 2022, after three years of growth, there was significant decline in shipments abroad of refrigerators and freezers, when their volume decreased by X% to X units. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, refrigerator and freezer exports shrank sharply to $X in 2022. Overall, exports, however, enjoyed a modest expansion. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Germany (X units), the Netherlands (X units) and France (X units) were the main destinations of refrigerator and freezer exports from Belgium, together accounting for X% of total exports. The Czech Republic and Mauritania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refrigerator and freezer exported from Belgium were the Netherlands ($X), Germany ($X) and France ($X), with a combined X% share of total exports. The Czech Republic and Mauritania lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 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 the Netherlands ($X per unit), while the average price for exports to Mauritania ($X 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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports into Belgium

After two years of growth, supplies from abroad of refrigerators and freezers decreased by X% to X units in 2022. In general, imports, however, showed moderate growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, refrigerator and freezer imports dropped markedly to $X in 2022. Overall, imports, however, showed a measured expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then shrank sharply in the following year.

Imports by Country

The Netherlands (X units), Turkey (X units) and China (X units) were the main suppliers of refrigerator and freezer imports to Belgium, with a combined X% share of total imports. Germany, France, the United States, Bulgaria, Italy and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of refrigerators and freezers to Belgium, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average refrigerator and freezer import price amounted to $X per unit, standing approx. at the previous year. Overall, the import price saw a slight decline. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average 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 the Netherlands ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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