Portugal: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in Portugal

In 2022, after four years of growth, there was significant decline in the Portuguese combined refrigerator-freezer market, when its value decreased by X% to $X. Overall, consumption, however, enjoyed buoyant growth. Combined refrigerator-freezer consumption peaked at $X in 2021, and then dropped in the following year.

Combined Refrigerator-Freezer Production in Portugal

In value terms, combined refrigerator-freezer production dropped to $X in 2022 estimated in export price. In general, production, however, enjoyed a strong expansion. The growth pace was the most rapid in 2016 when the production volume increased by X%. Combined refrigerator-freezer production peaked at $X in 2021, and then shrank in the following year.

Combined Refrigerator-Freezer Exports

Exports from Portugal

In 2022, the amount of combined refrigerators-freezers exported from Portugal rose modestly to X units, picking up by X% against 2021. Over the period under review, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, combined refrigerator-freezer exports contracted slightly to $X in 2022. In general, total exports indicated a measured 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, exports decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Morocco (X units), Spain (X units) and Cabo Verde (X units) were the main destinations of combined refrigerator-freezer exports from Portugal, with a combined X% share of total exports.

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

In value terms, the largest markets for combined refrigerator-freezer exported from Portugal were Morocco ($X), Spain ($X) and Cabo Verde ($X), together accounting for X% of total exports.

Morocco, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 combined refrigerator-freezer export price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price recorded a pronounced reduction. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Libya ($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 Angola (X%), while the prices for the other major destinations experienced mixed trend patterns.

Combined Refrigerator-Freezer Imports

Imports into Portugal

In 2022, after four years of growth, there was significant decline in purchases abroad of combined refrigerators-freezers, when their volume decreased by X% to X units. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then dropped markedly in the following year.

In value terms, combined refrigerator-freezer imports dropped to $X in 2022. In general, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest combined refrigerator-freezer supplier to Portugal, accounting for a X% share of total imports. Moreover, combined refrigerator-freezer imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. Poland (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Poland (X% per year).

In value terms, China ($X), Poland ($X) and Spain ($X) were the largest combined refrigerator-freezer suppliers to Portugal, together accounting for X% of total imports. Turkey, Italy and France lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average combined refrigerator-freezer import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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