Australia - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRefrigerator and Freezer Import in Australia Plummets to $595 Million in 2023
Australia Refrigerator and Freezer Imports
In 2023, approx. 1.8M units of refrigerators and freezers were imported into Australia; which is down by -13.1% on the previous year. Overall, total imports indicated buoyant growth from 2013 to 2023: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +65.6% against 2013 indices. The pace of growth appeared the most rapid in 2015 with an increase of 26%. Over the period under review, imports attained the peak figure at 2M units in 2022, and then reduced in the following year.
In value terms, refrigerator and freezer imports reduced dramatically to $595M (IndexBox estimates) in 2023. In general, total imports indicated noticeable growth from 2013 to 2023: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 19%. Imports peaked at $794M in 2022, and then reduced dramatically in the following year.
| COUNTRY | Import Value of Refrigerator and Freezer in Australia (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 95.8 | 106 | 125 | 145 | 196 | 212 | 213 | 303 | 351 | 442 | 337 |
| Thailand | 128 | 144 | 174 | 177 | 211 | 197 | 201 | 195 | 184 | 187 | 144 |
| South Korea | 66.0 | 59.0 | 53.2 | 55.3 | 63.1 | 71.4 | 53.5 | 55.6 | 68.2 | 63.2 | 37.0 |
| United States | 5.1 | 3.9 | 4.5 | 5.7 | 9.8 | 11.7 | 12.3 | 10.4 | 13.5 | 13.1 | 17.3 |
| Germany | 14.3 | 16.5 | 14.2 | 17.8 | 17.1 | 17.2 | 15.6 | 12.3 | 13.0 | 21.2 | 12.3 |
| Japan | 2.7 | 2.5 | 6.6 | 7.9 | 6.4 | 6.8 | 6.7 | 7.5 | 13.2 | 11.5 | 11.1 |
| Indonesia | 13.1 | 13.7 | 5.4 | 4.7 | 6.7 | 13.0 | 15.0 | 16.0 | 15.9 | 12.7 | 8.4 |
| Others | 51.6 | 42.4 | 45.7 | 39.8 | 31.4 | 29.4 | 22.0 | 18.8 | 28.8 | 43.3 | 29.1 |
| Total | 377 | 388 | 429 | 454 | 542 | 559 | 540 | 619 | 687 | 794 | 595 |
Imports by Country
In 2023, China (1.3M units) constituted the largest supplier of refrigerator and freezer to Australia, with a 77% share of total imports. Moreover, refrigerator and freezer imports from China exceeded the figures recorded by the second-largest supplier, Thailand (255K units), fivefold. The third position in this ranking was taken by South Korea (34K units), with a 1.9% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from China amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-1.5% per year) and South Korea (-7.5% per year).
In value terms, China ($337M) constituted the largest supplier of refrigerators and freezers to Australia, comprising 57% of total imports. The second position in the ranking was held by Thailand ($144M), with a 24% share of total imports. It was followed by South Korea, with a 6.2% share.
From 2013 to 2023, the average annual growth rate of value from China stood at +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.1% per year) and South Korea (-5.6% per year).
Imports by Type
Combined refrigerators-freezers (992K units) and household refrigerators and freezers (not combined) (762K units) were the main products of refrigerator and freezer imports to Australia.
From 2013 to 2023, the biggest increases were recorded for combined refrigerators-freezers (with a CAGR of +5.3%).
In value terms, combined refrigerators-freezers ($444M) constituted the largest type of refrigerators and freezers supplied to Australia, comprising 75% of total imports. The second position in the ranking was held by household refrigerators and freezers (not combined) ($151M), with a 25% share of total imports.
Import Prices by Country
In 2023, the refrigerator and freezer price amounted to $340 per unit (CIF, Australia), declining by -13.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 19%. As a result, import price reached the peak level of $395 per unit. From 2022 to 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($1.1 thousand per unit), while the price for China ($249 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the refrigerator and freezer market in Australia. 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
- Prodcom 27511133 - Household-type refrigerators (including compression-type, e lectrical absorption-type) (excluding built-in)
- Prodcom 27511135 - Compression-type built-in refrigerators
- Prodcom 27511150 - Chest freezers of a capacity . .800 litres
- Prodcom 27511170 - Upright freezers of a capacity . .900 litres
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
