Scandinavia: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Scandinavia

After two years of growth, the Scandinavia refrigerator and freezer market decreased by X% to $X in 2022. Over the period under review, consumption, however, showed modest growth. As a result, consumption reached the peak level of $X, and then fell in the following year.

Refrigerator And Freezer Production in Scandinavia

In value terms, refrigerator and freezer production reduced to $X in 2022 estimated in export price. Overall, production showed a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Refrigerator And Freezer Exports

Exports in Scandinavia

After four years of growth, shipments abroad of refrigerators and freezers decreased by X% to X units in 2022. In general, exports, however, saw a mild increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then dropped notably in the following year.

In value terms, refrigerator and freezer exports reduced to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Sweden dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. Finland (X units) followed a long way behind the leaders.

Exports from Sweden increased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest refrigerator and freezer supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, growing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Refrigerator And Freezer Imports

Imports in Scandinavia

In 2022, approx. X units of refrigerators and freezers were imported in Scandinavia; with a decrease of X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X%. 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 dropped to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Sweden (X units) represented the main importer of refrigerators and freezers, achieving X% of total imports. It was distantly followed by Norway (X units) and Finland (X units), together making up a X% share of total imports.

Sweden was also the fastest-growing in terms of the refrigerators and freezers imports, with a CAGR of X% from 2012 to 2022. Norway and Finland experienced a relatively flat trend pattern. While the share of Sweden (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Norway (X p.p.) and Finland (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported refrigerators and freezers in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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