United Kingdom: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in the UK

The UK combined refrigerator-freezer market shrank to $X in 2022, falling by X% against the previous year. In general, consumption, however, enjoyed a strong expansion. Over the period under review, the market attained the peak level at $X in 2021, and then shrank in the following year.

Combined Refrigerator-Freezer Production in the UK

In value terms, combined refrigerator-freezer production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Combined refrigerator-freezer production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Combined Refrigerator-Freezer Exports

Exports from the UK

In 2022, shipments abroad of combined refrigerators-freezers decreased by X% to X units, falling for the second year in a row after four years of growth. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, combined refrigerator-freezer exports dropped to $X in 2022. Over the period under review, total exports indicated a slight expansion 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, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X units) was the main destination for combined refrigerator-freezer exports from the UK, accounting for a X% share of total exports. Moreover, combined refrigerator-freezer exports to Ireland exceeded the volume sent to the second major destination, Spain (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with an X% share.

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

In value terms, Ireland ($X) remains the key foreign market for combined refrigerators-freezers exports from the UK, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ireland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average combined refrigerator-freezer export price amounted to $X per unit, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Latvia ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Combined Refrigerator-Freezer Imports

Imports into the UK

After three years of growth, supplies from abroad of combined refrigerators-freezers decreased by X% to X units in 2022. 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 2020 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then dropped in the following year.

In value terms, combined refrigerator-freezer imports shrank to $X in 2022. Over the period under review, total imports indicated a tangible expansion 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 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

China (X units), Turkey (X units) and Poland (X units) were the main suppliers of combined refrigerator-freezer imports to the UK, with a combined X% share of total imports. Italy, Romania, Germany and South Korea lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Turkey ($X) and Poland ($X) constituted the largest combined refrigerator-freezer suppliers to the UK, with a combined X% share of total imports. Italy, Germany, Romania and South Korea lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average combined refrigerator-freezer import price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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