Report U.S. - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 11, 2023

U.S. - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Combined Refrigerator-Freezer Market 2023

Combined Refrigerator-Freezer Market Size in the U.S.

The U.S. combined refrigerator-freezer market plummeted to $X in 2021, shrinking by -47.1% against the previous year. Over the period under review, consumption, however, continues to indicate a significant increase. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Combined Refrigerator-Freezer Production in the U.S.

In value terms, combined refrigerator-freezer production reached $X in 2021. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 14% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Combined Refrigerator-Freezer Exports

Exports from the U.S.

In 2021, overseas shipments of combined refrigerators-freezers increased by 0.2% to X units for the first time since 2014, thus ending a six-year declining trend. Overall, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2014 when exports increased by 82% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, combined refrigerator-freezer exports stood at $X in 2021. In general, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 5.7% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for combined refrigerator-freezer exports from the United States, with a 67% share of total exports. Moreover, combined refrigerator-freezer exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold. The third position in this ranking was held by Australia (X units), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.9% per year) and Australia (+10.4% per year).

In value terms, Canada ($X) remains the key foreign market for combined refrigerator-freezer exports from the United States, comprising 63% of total exports. The second position in the ranking was held by Mexico ($X), with a 4.2% share of total exports. It was followed by Australia, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to -12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.1% per year) and Australia (+8.6% per year).

Export Prices by Country

The average combined refrigerator-freezer export price stood at $X per unit in 2021, remaining constant against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 76% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bahamas ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Combined Refrigerator-Freezer Imports

Imports into the U.S.

For the tenth year in a row, the United States recorded growth in purchases abroad of combined refrigerators-freezers, which increased by 22% to X units in 2021. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 23%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, combined refrigerator-freezer imports surged to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +98.0% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X units), China (X units) and South Korea (X units) were the main suppliers of combined refrigerator-freezer imports to the United States, with a combined 91% share of total imports. Thailand lagged somewhat behind, accounting for a further 7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +73.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), South Korea ($X) and China ($X) were the largest combined refrigerator-freezer suppliers to the United States, with a combined 93% share of total imports. These countries were followed by Thailand, which accounted for a further 4.4%.

Thailand, with a CAGR of +57.1%, saw the highest growth rate of the value of imports, in terms of 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 2021, the average combined refrigerator-freezer import price amounted to $X per unit, rising by 5.9% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible slump. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for combined refrigerators-freezers in the world?
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The United States constituted the country with the largest volume of combined refrigerator-freezer consumption, 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. The third position in this ranking was held by Mexico, with a 2.1% share.
What are the largest producers of combined refrigerators-freezers in the world?
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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 the U.S.?
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In value terms, Mexico, South Korea and China constituted the largest combined refrigerator-freezer suppliers to the United States, together accounting for 93% of total imports. These countries were followed by Thailand, which accounted for a further 4.4%.
What are the leading importers of combined refrigerators-freezers from the U.S.?
+
In value terms, Canada remains the key foreign market for combined refrigerator-freezer exports from the United States, comprising 63% of total exports. The second position in the ranking was taken by Mexico, with a 4.2% share of total exports. It was followed by Australia, with a 3.2% share.
What is the average export price for combined refrigerators-freezers in the U.S.?
+
In 2021, the average combined refrigerator-freezer export price amounted to $503 per unit, approximately mirroring the previous year.
What is the average import price for combined refrigerators-freezers in the U.S.?
+
In 2021, the average combined refrigerator-freezer import price amounted to $522 per unit, picking up by 5.9% against the previous year.

This report provides an in-depth analysis of the combined refrigerator-freezer market in the U.S.. 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:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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