Italy - Furniture Designed To Receive Refrigerating Or Freezing Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingItaly Sees Increase in Refrigerator or Freezer Exports, Reaching $22M in 2024
Italy Refrigerator Or Freezer Exports
In 2024, shipments abroad of furniture designed to receive refrigerating or freezing equipment decreased by -40% to 3M units, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2016 when exports increased by 37%. As a result, the exports attained the peak of 8.2M units. From 2017 to 2024, the growth of the exports failed to regain momentum.
In value terms, refrigerator or freezer exports fell significantly to $14M (IndexBox estimates) in 2024. In general, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2019 when exports increased by 22%. The exports peaked at $22M in 2016; however, from 2017 to 2024, the exports failed to regain momentum.
| COUNTRY | Export Value of Refrigerator Or Freezer in Italy (million USD) | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Germany | 2.0 | 2.3 | 2.4 | 2.7 | 3.1 | 2.6 | 3.4 | 3.2 | 3.8 |
| France | 2.4 | 2.3 | 2.8 | 2.9 | 3.1 | 2.1 | 2.5 | 2.5 | 3.3 |
| Spain | 0.6 | 0.4 | 0.4 | 0.5 | 4.3 | 3.8 | 3.4 | 2.8 | 3.2 |
| Israel | N/A | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.7 | 0.8 | 1.2 |
| Switzerland | 0.6 | 0.9 | 0.6 | 0.9 | 1.0 | 0.7 | 0.7 | 0.7 | 0.9 |
| Netherlands | 0.8 | 0.6 | 0.5 | 0.6 | 0.7 | 0.5 | 1.0 | 0.9 | 0.7 |
| United Kingdom | 0.2 | 0.3 | 0.4 | 0.4 | 0.4 | 0.3 | 0.2 | 0.1 | 0.6 |
| United States | 1.3 | 1.0 | 0.5 | 0.4 | 0.6 | 0.3 | 0.2 | 0.7 | 0.6 |
| Serbia | 3.1 | 8.0 | 0.8 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Others | 7.7 | 6.4 | 8.1 | 8.1 | 6.9 | 6.1 | 8.0 | 8.6 | 7.6 |
| Total | 18.8 | 22.3 | 16.6 | 16.6 | 20.2 | 16.6 | 20.1 | 20.3 | 21.9 |
Exports by Country
Spain (823K units), Germany (764K units) and France (713K units) were the main destinations of refrigerator or freezer exports from Italy, with a combined 46% share of total exports. the Netherlands, Israel, Switzerland, the UK, the United States and Serbia lagged somewhat behind, together comprising a further 14%.
From 2015 to 2023, the biggest increases were recorded for Israel (with a CAGR of +40.6%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Germany ($3.8M), France ($3.3M) and Spain ($3.2M) appeared to be the largest markets for refrigerator or freezer exported from Italy worldwide, together accounting for 47% of total exports. Israel, Switzerland, the Netherlands, the UK, the United States and Serbia lagged somewhat behind, together accounting for a further 18%.
Israel, with a CAGR of +51.1%, recorded the highest growth rate of the value of exports, among 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 2024, the refrigerator or freezer price stood at $4.4 per unit in 2023 (FOB, Italy), surging by 8.8% against the previous year. Over the period from 2015 to 2023, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2019 an increase of 21% against the previous year. The export price peaked in 2023 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Israel ($6.3 per unit), while the average price for exports to Denmark ($2.3 per unit) was amongst the lowest.
From 2015 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the refrigerator or freezer market in Italy. 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 28253030 - Furniture designed to receive refrigerating or freezing equipment (including evaporators, complete refrigerating units)
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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
