Report Update Apr 1, 2024

Puerto Rico - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in Puerto Rico

The Puerto Rican combined refrigerator-freezer market expanded rapidly to $X in 2021, growing by 11% against the previous year. Over the period under review, consumption, however, recorded a pronounced contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Combined Refrigerator-Freezer Production in Puerto Rico

In value terms, combined refrigerator-freezer production rose notably to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible slump. The pace of growth appeared the most rapid in 2019 when the production volume increased by 30% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Combined Refrigerator-Freezer Exports

Exports by Country

In 2021, China (X units) represented the largest exporter of combined refrigerators-freezers, constituting 39% of total exports. South Korea (X units) ranks second in terms of the total exports with a 13% share, followed by Mexico (12%), Thailand (8.4%) and Turkey (7.2%). Poland (X units), Romania (X units), Indonesia (X units) and Germany (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the combined refrigerators-freezers exports, with a CAGR of +13.3% from 2012 to 2021. At the same time, Poland (+9.2%), Mexico (+5.7%), Turkey (+4.9%), Romania (+3.7%) and Thailand (+1.5%) displayed positive paces of growth. Indonesia and South Korea experienced a relatively flat trend pattern. By contrast, Germany (-6.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +19 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest combined refrigerator-freezer supplying countries from Puerto Rico were China ($X), Mexico ($X) and South Korea ($X), together comprising 64% of total exports.

China, with a CAGR of +13.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Combined Refrigerator-Freezer Imports

Imports by Country

In 2021, the United States (X units) represented the key importer of combined refrigerators-freezers, committing 25% of total imports. It was distantly followed by Japan (X units), committing a 4.8% share of total imports. The UK (X units), Germany (X units), France (X units), Vietnam (X units), Italy (X units), Russia (X units), South Korea (X units), the Philippines (X units), Spain (X units), Australia (X units) and Chile (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +10.9% from 2012 to 2021. At the same time, Vietnam (+75.8%), the Philippines (+25.0%), South Korea (+19.2%), Chile (+13.5%), Australia (+6.9%), Spain (+6.9%), the UK (+6.4%), Italy (+4.9%), Germany (+4.7%), Japan (+1.5%) and France (+1.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +75.8% from 2012-2021. By contrast, Russia (-1.5%) illustrated a downward trend over the same period. The United States (+9.2 p.p.), Vietnam (+2.8 p.p.), the Philippines (+1.8 p.p.) and South Korea (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while France, Japan and Russia saw its share reduced by -1.8%, -1.9% and -2.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported combined refrigerators-freezers into Puerto Rico, comprising 36% of global imports. The second position in the ranking was held by Japan ($X), with a 4.6% share of global imports. It was followed by Germany, with a 4.3% share.

In the United States, combined refrigerator-freezer imports expanded at an average annual rate of +7.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+1.3% per year) and Germany (+5.5% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for combined refrigerators-freezers in the world?

The United States remains the largest combined refrigerator-freezer consuming country worldwide, accounting for 62% of total volume. Moreover, combined refrigerator-freezer consumption in the United States exceeded the figures recorded by the second-largest consumer, China, sixfold. Mexico ranked third in terms of total consumption with a 2.1% share.

What are the largest producers of combined refrigerators-freezers in the world?

The United States remains the largest combined refrigerator-freezer producing country worldwide, accounting for 56% of total volume. Moreover, combined refrigerator-freezer production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. Mexico ranked third in terms of total production with a 4.1% share.

What are the leading suppliers of combined refrigerators-freezers to Puerto Rico?

In value terms, the United States constitutes the largest market for imported combined refrigerators-freezers into Puerto Rico, comprising 36% of global imports. The second position in the ranking was held by Japan, with a 4.6% share of global imports. It was followed by Germany, with a 4.3% share.

What are the leading importers of combined refrigerators-freezers from Puerto Rico?

In value terms, China, Mexico and South Korea constituted the countries with the highest levels of exports in 2021, with a combined 64% share of total exports.

This report provides an in-depth analysis of the combined refrigerator-freezer market in Puerto Rico. 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 2030.

Product coverage:

Prodcom 27511110 - Combined refrigerators-freezers, with separate external doors

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023