South-Eastern Asia: Refrigerator Or Freezer Market 2024

Refrigerator Or Freezer Market Size in South-Eastern Asia

In 2022, the Southeast Asian refrigerator or freezer market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption recorded a pronounced decrease. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Refrigerator Or Freezer Production in South-Eastern Asia

In value terms, refrigerator or freezer production rose significantly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Refrigerator Or Freezer Exports

Exports in South-Eastern Asia

In 2022, the amount of furniture designed to receive refrigerating or freezing equipment exported in South-Eastern Asia fell markedly to X units, declining by X% against the year before. Overall, exports showed a pronounced decrease. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, refrigerator or freezer exports shrank to $X in 2022. In general, exports, however, recorded measured growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units) and Thailand (X units) dominates exports structure, together mixing up X% of total exports. The Philippines (X units), Cambodia (X units) and Vietnam (X units) took a minor share of total exports.

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

In value terms, the largest refrigerator or freezer supplying countries in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Cambodia ($X), together accounting for X% of total exports.

Among the main exporting countries, Cambodia, with a CAGR of X%, recorded 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 2022, the export price in South-Eastern Asia amounted to $X per unit, growing by X% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price 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, refrigerator or freezer export price increased by X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Cambodia ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

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

Refrigerator Or Freezer Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of furniture designed to receive refrigerating or freezing equipment increased by X% to X units for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, refrigerator or freezer imports surged to $X in 2022. Over the period under review, imports, however, recorded a perceptible slump. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam (X units), Thailand (X units), Malaysia (X units) and Indonesia (X units) represented roughly X% of total imports in 2022. The Philippines (X units), Singapore (X units) and Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest refrigerator or freezer importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), together comprising X% of total imports. Indonesia, the Philippines, Singapore and Cambodia lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, recorded 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, increasing by X% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price 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, refrigerator or freezer import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform