Japan: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Japan

The Japanese refrigerator and freezer market expanded to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a noticeable descent. Refrigerator and freezer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Refrigerator And Freezer Production in Japan

In value terms, refrigerator and freezer production amounted to $X in 2022 estimated in export price. In general, production, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. Refrigerator and freezer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Refrigerator And Freezer Exports

Exports from Japan

In 2022, shipments abroad of refrigerators and freezers increased by X% to X units, rising for the fourth consecutive year after two years of decline. Overall, total exports indicated a prominent expansion from 2012 to 2022: its volume 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, refrigerator and freezer exports stood at $X in 2022. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Taiwan (Chinese) (X units), China (X units) and the Netherlands (X units) were the main destinations of refrigerator and freezer exports from Japan, together comprising X% of total exports. The United States, Singapore, Hong Kong SAR and Australia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and the Netherlands ($X) were the largest markets for refrigerator and freezer exported from Japan worldwide, with a combined X% share of total exports. The United States, Singapore, Hong Kong SAR and Australia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the United States, with a CAGR of X%, recorded 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, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to the United States ($X per unit) and the Netherlands ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports into Japan

In 2022, supplies from abroad of refrigerators and freezers decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, total imports indicated mild growth from 2012 to 2022: its volume 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 decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, refrigerator and freezer imports rose remarkably to $X in 2022. In general, total imports indicated a moderate 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. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of refrigerator and freezer to Japan, with a X% share of total imports. Moreover, refrigerator and freezer imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of refrigerators and freezers to Japan, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports.

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

Import Prices by Country

The average refrigerator and freezer import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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