Eastern Asia: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Eastern Asia

The East Asian non-combined refrigerator-freezer market totaled $X in 2022, rising by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Non-Combined Refrigerator-Freezer Production in Eastern Asia

In value terms, non-combined refrigerator-freezer production rose to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports in Eastern Asia

In 2022, overseas shipments of household refrigerators and freezers (not combined) decreased by X% to X units, falling for the second consecutive year after four years of growth. In general, exports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, non-combined refrigerator-freezer exports dropped significantly to $X in 2022. Total exports indicated a tangible expansion 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. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

The shipments of the one major exporters of household refrigerators and freezers (not combined), namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the household refrigerators and freezers (not combined) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest non-combined refrigerator-freezer supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Non-Combined Refrigerator-Freezer Imports

Imports in Eastern Asia

In 2022, purchases abroad of household refrigerators and freezers (not combined) decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked at X units in 2021, and then fell slightly in the following year.

In value terms, non-combined refrigerator-freezer imports expanded notably to $X in 2022. Over the period under review, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Taiwan (Chinese) (X units) and Japan (X units) represented the largest importers of household refrigerators and freezers (not combined) in Eastern Asia, together making up X% of total imports. It was distantly followed by South Korea (X units) and China (X units), together constituting a X% share of total imports. Hong Kong SAR (X units) and Democratic People's Republic of Korea (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :