Vietnam: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in Vietnam

The Vietnamese combined refrigerator-freezer market expanded markedly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Combined Refrigerator-Freezer Production in Vietnam

In value terms, combined refrigerator-freezer production stood at $X in 2022 estimated in export price. Overall, production, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Combined Refrigerator-Freezer Exports

Exports from Vietnam

In 2022, exports of combined refrigerators-freezers from Vietnam soared to X units, increasing by X% on the year before. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, combined refrigerator-freezer exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Philippines (X units), South Korea (X units) and Chile (X units) were the main destinations of combined refrigerator-freezer exports from Vietnam, together accounting for X% of total exports. Peru, Indonesia, Thailand and Malaysia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for combined refrigerator-freezer exported from Vietnam were the Philippines ($X), South Korea ($X) and Chile ($X), with a combined X% share of total exports. Peru, Indonesia, Thailand and Malaysia lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average combined refrigerator-freezer export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($X per unit) and Malaysia ($X per unit), while the average price for exports to Chile ($X per unit) and Peru ($X per unit) were amongst the lowest.

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

Combined Refrigerator-Freezer Imports

Imports into Vietnam

In 2022, the amount of combined refrigerators-freezers imported into Vietnam amounted to X units, growing by X% on 2021. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, combined refrigerator-freezer imports skyrocketed to $X in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Thailand (X units), China (X units) and Indonesia (X units) were the main suppliers of combined refrigerator-freezer imports to Vietnam, together accounting for X% of total imports.

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

In value terms, the largest combined refrigerator-freezer suppliers to Vietnam were Thailand ($X), China ($X) and Indonesia ($X), together comprising X% of total imports.

Among the main suppliers, Indonesia, with a CAGR of X%, recorded the highest growth rate of 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, surging by X% against the previous year. Over the period under review, the import price, however, recorded a deep contraction. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($X per unit) and Japan ($X per unit), while the price for Thailand ($X per unit) and China ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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