United Kingdom - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingImport of Refrigerators and Freezers in UK Increased by 3% to $86M in October 2023
United Kingdom Refrigerator and Freezer Imports
Refrigerator and freezer imports into the UK skyrocketed to 522K units in October 2023, increasing by 34% compared with the previous month. Over the period under review, total imports indicated modest growth from October 2022 to October 2023: its volume increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, imports increased by +33.7% against September 2023 indices. The most prominent rate of growth was recorded in May 2023 when imports increased by 58% against the previous month. Over the period under review, imports hit record highs at 544K units in June 2023; afterwards, it flattened through to October 2023.
In value terms, refrigerator and freezer imports amounted to $86M (IndexBox estimates) in October 2023. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when imports increased by 34% month-to-month. Over the period under review, imports hit record highs at 100M units in November 2022; however, from December 2022 to October 2023, imports remained at a lower figure.
| COUNTRY | Import Value of Refrigerator and Freezer in United Kingdom (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| China | 38.2 | 32.9 | 23.3 | 19.2 | 24.8 | 21.3 | 23.8 | 32.8 | 37.9 | 32.0 | 36.8 | 31.4 | 32.9 |
| Turkey | 22.0 | 23.8 | 26.2 | 14.7 | 13.7 | 20.0 | 16.5 | 25.1 | 21.1 | 23.7 | 20.7 | 15.9 | 15.0 |
| Poland | 8.8 | 8.5 | 9.3 | 6.8 | 10.1 | 9.0 | 7.0 | 8.0 | 7.6 | 11.5 | 9.7 | 9.1 | 9.6 |
| Romania | 5.4 | 7.4 | 4.7 | 3.7 | 4.0 | 5.8 | 4.3 | 7.5 | 3.4 | 6.7 | 6.7 | 5.3 | 3.3 |
| Others | 20.9 | 27.1 | 19.1 | 14.1 | 20.6 | 25.8 | 19.0 | 21.0 | 22.0 | 21.9 | 20.7 | 21.9 | 25.0 |
| Total | 95.3 | 99.7 | 82.7 | 58.6 | 73.3 | 81.9 | 70.6 | 94.5 | 92.0 | 95.8 | 94.6 | 83.6 | 85.9 |
Imports by Country
In October 2023, China (366K units) constituted the largest refrigerator and freezer supplier to the UK, accounting for a 70% share of total imports. Moreover, refrigerator and freezer imports from China exceeded the figures recorded by the second-largest supplier, Turkey (68K units), fivefold. The third position in this ranking was taken by Poland (22K units), with a 4.2% share.
From October 2022 to October 2023, the average monthly growth rate of volume from China totaled +3.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Turkey (-4.2% per month) and Poland (-0.7% per month).
In value terms, China ($33M) constituted the largest supplier of refrigerator and freezer to the UK, comprising 38% of total imports. The second position in the ranking was taken by Turkey ($15M), with an 18% share of total imports. It was followed by Poland, with an 11% share.
From October 2022 to October 2023, the average monthly growth rate of value from China stood at -1.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Turkey (-3.1% per month) and Poland (+0.8% per month).
Imports by Type
Household refrigerators and freezers (not combined) (314K units) and combined refrigerators-freezers (207K units) were the main products of refrigerator and freezer imports to the UK.
From October 2022 to October 2023, the biggest increases were in non-combined refrigerator-freezer (with a CAGR of +3.1%).
In value terms, the most traded types of refrigerators and freezers in the UK were combined refrigerators-freezers ($55M) and household refrigerators and freezers (not combined) ($31M).
Import Prices by Country
In October 2023, the refrigerator and freezer price amounted to $165 per unit (CIF, United Kingdom), falling by -23.2% against the previous month. Overall, the import price showed a perceptible descent. The pace of growth was the most pronounced in February 2023 when the average import price increased by 52% month-to-month. Over the period under review, average import prices hit record highs at $243 per unit in March 2023; however, from April 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($444 per unit), while the price for China ($90.1 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Romania (+2.7%), 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 the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
