Czech Republic: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in the Czech Republic

After two years of growth, the Czech combined refrigerator-freezer market decreased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank notably in the following year.

Combined Refrigerator-Freezer Production in the Czech Republic

In value terms, combined refrigerator-freezer production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Combined refrigerator-freezer production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Combined Refrigerator-Freezer Exports

Exports from the Czech Republic

Combined refrigerator-freezer exports from the Czech Republic reduced to X units in 2022, shrinking by X% against 2021. In general, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2021, and then shrank in the following year.

In value terms, combined refrigerator-freezer exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank slightly in the following year.

Exports by Country

Slovakia (X units) was the main destination for combined refrigerator-freezer exports from the Czech Republic, accounting for a X% share of total exports. Moreover, combined refrigerator-freezer exports to Slovakia exceeded the volume sent to the second major destination, Hungary (X units), more than tenfold. Italy (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Italy (X% per year).

In value terms, Slovakia ($X) remains the key foreign market for combined refrigerators-freezers exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Slovakia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average combined refrigerator-freezer export price amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Italy ($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 Hungary (X%), while the prices for the other major destinations experienced a decline.

Combined Refrigerator-Freezer Imports

Imports into the Czech Republic

In 2022, after three years of growth, there was significant decline in purchases abroad of combined refrigerators-freezers, when their volume decreased by X% to X units. Overall, imports showed a mild slump. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then dropped rapidly in the following year.

In value terms, combined refrigerator-freezer imports dropped to $X in 2022. In general, total imports indicated buoyant 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Romania (X units), China (X units) and Poland (X units) were the main suppliers of combined refrigerator-freezer imports to the Czech Republic, with a combined X% share of total imports. Slovakia, Serbia, Turkey, Germany, Italy, Slovenia, Hungary and Bulgaria lagged somewhat behind, together accounting for a further X%.

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

In value terms, Poland ($X), Slovakia ($X) and China ($X) constituted the largest combined refrigerator-freezer suppliers to the Czech Republic, together comprising X% of total imports.

Among the main suppliers, Slovakia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average combined refrigerator-freezer import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price posted buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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