U.S.: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in the U.S.

In 2022, the U.S. refrigerator and freezer market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Refrigerator And Freezer Production in the U.S.

In value terms, refrigerator and freezer production contracted to $X in 2022. Overall, production showed a slight decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Refrigerator and freezer production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Refrigerator And Freezer Exports

Exports from the U.S.

Refrigerator and freezer exports from the United States dropped modestly to X units in 2022, with a decrease of X% compared with 2021 figures. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, refrigerator and freezer exports expanded sharply to $X in 2022. In general, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for refrigerator and freezer exports from the United States, accounting for a X% share of total exports. Moreover, refrigerator and freezer exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), threefold. The third position in this ranking was held by Belgium (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Belgium (X% per year).

In value terms, Canada ($X) remains the key foreign market for refrigerators and freezers exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with an X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports into the U.S.

After two years of growth, purchases abroad of refrigerators and freezers decreased by X% to X units in 2022. Overall, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at X units in 2021, and then dropped in the following year.

In value terms, refrigerator and freezer imports rose sharply to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value 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, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), Mexico (X units) and South Korea (X units) were the main suppliers of refrigerator and freezer imports to the United States, together accounting for X% of total imports. These countries were followed by Thailand, which accounted for a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of refrigerators and freezers to the United States, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average refrigerator and freezer import price amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The import price 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 origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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