Latest Report Update: Jul 4, 2020

U.S. Household Refrigerator And Home Freezer Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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U.S.: Overview of the Market for Household Refrigerators And Home Freezers 2020

Market Size for Household Refrigerators And Home Freezers in the U.S.

In 2019, after six years of growth, there was decline in the U.S. market for household refrigerators and home freezers, when its value decreased by -X% to $X. Over the period under review, consumption, however, posted prominent growth. The pace of growth was the most pronounced in 2014 when the market value increased by X% against the previous year. Household refrigerator and home freezer consumption peaked at $X in 2018, and then dropped in the following year.

Production of Household Refrigerators And Home Freezers in the U.S.

In value terms, household refrigerator and home freezer production expanded rapidly to $X in 2019. Overall, production enjoyed a remarkable increase. The growth pace was the most rapid in 2015 when the production volume increased by X% year-to-year. Household refrigerator and home freezer production peaked in 2019 and is likely to see gradual growth in years to come.

Exports of Household Refrigerators And Home Freezers

Exports from the U.S.

In 2019, shipments abroad of household refrigerators and home freezers was finally on the rise to reach X units after five years of decline. In general, exports, however, recorded a abrupt slump. Exports peaked at X units in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, household refrigerator and home freezer exports fell to $X in 2019. Overall, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. As a result, exports attained the peak of $X. From 2015 to 2019, the growth exports remained at a lower figure.

Exports by Country

Mexico (X units) was the main destination for household refrigerator and home freezer exports from the U.S., with a X% share of total exports. Moreover, household refrigerator and home freezer exports to Mexico exceeded the volume sent to the second major destination, Canada (X units), fivefold.

From 2013 to 2019, the average annual growth rate of volume to Mexico amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and China (+X% per year).

In value terms, the largest markets for household refrigerator and home freezer exported from the U.S. were Canada ($X), Mexico ($X) and China ($X), with a combined X% share of total exports.

Among the main countries of destination, China saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for household refrigerators and home freezers stood at $X per unit in 2019, dropping by -X% against the previous year. Overall, the export price showed a pronounced decline. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. Over the period under review, average export prices reached the maximum at $X per unit in 2018, and then dropped markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was China ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced a decline.

Imports of Household Refrigerators And Home Freezers

Imports into the U.S.

In 2019, supplies from abroad of household refrigerators and home freezers decreased by -X% to X units, falling for the third consecutive year after four years of growth. The total import volume increased at an average annual rate of +X% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, household refrigerator and home freezer imports dropped to $X in 2019. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Imports peaked at $X in 2018, and then shrank in the following year.

Imports by Country

In 2019, Mexico (X units) constituted the largest household refrigerator and home freezer supplier to the U.S., with a X% share of total imports. Moreover, household refrigerator and home freezer imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), twofold. South Korea (X units) ranked third in terms of total imports with a X% share.

From 2013 to 2019, the average annual growth rate of volume from Mexico totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and South Korea (+X% per year).

In value terms, Mexico ($X) constituted the largest supplier of household refrigerator and home freezer to the U.S., comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2013 to 2019, the average annual growth rate of value from Mexico amounted to +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

The average import price for household refrigerators and home freezers stood at $X per unit in 2019, with an increase of X% against the previous year. Over the period under review, the import price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. The import price peaked in 2019 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($X per unit), while the price for Taiwan, Chinese ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by South Korea (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of household refrigerators and home freezers to the U.S.?
+
In value terms, Mexico ($3.5B) constituted the largest supplier of household refrigerator and home freezer to the U.S., comprising 53% of total imports. The second position in the ranking was occupied by South Korea ($1.2B), with a 18% share of total imports. It was followed by China, with a 17% share.
What are the leading importers of household refrigerators and home freezers from the U.S.?
+
In value terms, Canada ($240M), Mexico ($174M) and China ($42M) were the largest markets for household refrigerator and home freezer exported from the U.S. worldwide, together accounting for 62% of total exports.
What is the average export price for household refrigerators and home freezers in the U.S.?
+
The average export price for household refrigerators and home freezers stood at $8.5 per unit in 2019, dropping by -58.8% against the previous year.
What is the average import price for household refrigerators and home freezers in the U.S.?
+
In 2019, the average import price for household refrigerators and home freezers amounted to $48 per unit, surging by 8.8% against the previous year.

Product coverage:
• NAICS 335222 - Household refrigerator and home freezer manufacturing

This report provides an in-depth analysis of the market for household refrigerator and home freezer 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 2025.


Country coverage:
• USA

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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 PRODUCTS

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 2013–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2013–2019
Table 3:
Market Value, 2013–2019
Table 4:
Per Capita Consumption In 2013–2019
Table 5:
Imports, In Physical Terms, By Country, 2013–2019
Table 6:
Imports, In Value Terms, By Country, 2013–2019
Table 7:
Import Prices, By Country Of Origin, 2013–2019
Table 8:
Exports, In Physical Terms, By Country, 2013–2019
Table 9:
Exports, In Value Terms, By Country, 2013–2019
Table 10:
Export Prices, By Country Of Destination, 2013–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2019
Figure 2:
Market Value, 2013–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2019
Figure 5:
Trade Balance, In Physical Terms, 2013–2019
Figure 6:
Trade Balance, In Value Terms, 2013–2019
Figure 7:
Per Capita Consumption, 2013–2019
Figure 8:
Market Forecast To 2025
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, 2013–2019
Figure 21:
Production, In Value Terms, 2013–2019
Figure 22:
Imports, In Physical Terms, 2013–2019
Figure 23:
Imports, In Value Terms, 2013–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2013–2019
Figure 26:
Imports, In Value Terms, By Country, 2013–2019
Figure 27:
Import Prices, By Country Of Origin, 2013–2019
Figure 28:
Exports, In Physical Terms, 2013–2019
Figure 29:
Exports, In Value Terms, 2013–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2013–2019
Figure 32:
Exports, In Value Terms, By Country, 2013–2019
Figure 33:
Export Prices, By Country Of Destination, 2013–2019

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