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Philippines - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Refrigerator And Freezer Market Overview 2021

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Refrigerator And Freezer Market Size in the Philippines

The Philippine refrigerator and freezer market surged to $X in 2019, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a prominent increase. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Refrigerator and freezer consumption peaked in 2019 and is expected to retain growth in the immediate term.

Refrigerator And Freezer Exports

Exports from the Philippines

In 2019, shipments abroad of refrigerators and freezers increased by X% to X tonnes, rising for the third year in a row after two years of decline. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure in 2019 and are expected to retain growth in the immediate term.

In value terms, refrigerator and freezer exports surged to $X in 2019. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. Exports peaked in 2019 and are expected to retain growth in the near future.

Exports by Country

The U.S. (X tonnes), the United Arab Emirates (X tonnes) and South Korea (X kg) were the main destinations of refrigerator and freezer exports from the Philippines, together comprising 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 South Korea (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), the U.S. ($X) and France ($X) were the largest markets for refrigerator and freezer exported from the Philippines worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, France 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 more modest paces of growth.

Export Prices by Country

In 2019, the average refrigerator and freezer export price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to South Korea ($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 the United Arab Emirates, while the prices for the other major destinations experienced a decline.

Refrigerator And Freezer Imports

Imports into the Philippines

In 2019, refrigerator and freezer imports into the Philippines reached X tonnes, growing by X% on the year before. Overall, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, refrigerator and freezer imports soared to $X in 2019. Over the period under review, imports enjoyed a strong increase. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to continue growth in the immediate term.

Imports by Country

In 2019, China (X tonnes) constituted the largest refrigerator and freezer supplier to the Philippines, accounting for a X% share of total imports. Moreover, refrigerator and freezer imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), twofold. Indonesia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume 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).

In value terms, the largest refrigerator and freezer suppliers to the Philippines were China ($X), Thailand ($X) and Viet Nam ($X), with a combined X% share of total imports.

In terms of the main suppliers, Viet Nam (+X% per year) 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

In 2019, the average refrigerator and freezer import price amounted to $X per tonne, jumping by X% against the previous year. Overall, import price indicated a measured increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, refrigerator and freezer import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Viet Nam ($X per tonne), while the price for India ($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?
+
The country with the largest volume of refrigerator and freezer consumption was China (122K tonnes), comprising approx. 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. Mexico (21K tonnes) ranked third in terms of total production with a 6% share.
What are the leading suppliers of refrigerators and freezers to the Philippines?
+
In value terms, the largest refrigerator and freezer suppliers to the Philippines were China ($109M), Thailand ($56M) and Viet Nam ($38M), with a combined 82% share of total imports.
What are the leading importers of refrigerators and freezers from the Philippines?
+
In value terms, the largest markets for refrigerator and freezer exported from the Philippines were the United Arab Emirates ($654K), the U.S. ($355K) and France ($146K), together comprising 76% of total exports.
What is the average export price for refrigerators and freezers in the Philippines?
+
The average refrigerator and freezer export price stood at $177,837 per tonne in 2019, which is down by -11.4% against the previous year.
What is the average import price for refrigerators and freezers in the Philippines?
+
The average refrigerator and freezer import price stood at $218,231 per tonne in 2019, with an increase of 20% against the previous year.

Product coverage:
• Prodcom 27511110 - Combined refrigerators-freezers, with separate external doors
• Prodcom 27511133 - Household-type refrigerators (including compression-type, e lectrical absorption-type) (excluding built-in)
• Prodcom 27511135 - Compression-type built-in refrigerators
• Prodcom 27511150 - Chest freezers of a capacity . .800 litres
• Prodcom 27511170 - Upright freezers of a capacity . .900 litres

This report provides an in-depth analysis of the refrigerator and freezer market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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