South-Eastern Asia: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in South-Eastern Asia

The Southeast Asian combined refrigerator-freezer market totaled $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Combined Refrigerator-Freezer Production in South-Eastern Asia

In value terms, combined refrigerator-freezer production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Combined Refrigerator-Freezer Exports

Exports in South-Eastern Asia

In 2022, after three years of growth, there was significant decline in overseas shipments of combined refrigerators-freezers, when their volume decreased by X% to X units. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X units in 2021, and then fell in the following year.

In value terms, combined refrigerator-freezer exports contracted rapidly 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 most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Thailand represented the main exporter of combined refrigerators-freezers in South-Eastern Asia, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Indonesia (X units), committing a X% share of total exports. Vietnam (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to combined refrigerator-freezer exports from Thailand stood at X%. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Indonesia experienced a relatively flat trend pattern. While the share of Thailand (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest combined refrigerator-freezer supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Thailand ($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 other leaders experienced a decline in the export price figures.

Combined Refrigerator-Freezer Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of combined refrigerators-freezers decreased by X% to X units for the first time since 2011, thus ending a ten-year rising trend. Overall, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of import peaked at X units in 2021, and then fell modestly in the following year.

In value terms, combined refrigerator-freezer imports rose significantly to $X in 2022. Over the period under review, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The Philippines (X units), Vietnam (X units) and Malaysia (X units) represented roughly X% of total imports in 2022. Thailand (X units) ranks next in terms of the total imports with an X% share, followed by Indonesia (X%). Singapore (X units) and Myanmar (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the Philippines ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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