Report Update: Nov 1, 2024

World - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights

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Refrigerator and freezer market

Refrigerator and freezer market: find new information provided by an Ai-driven BI tool. Data provide market prices, consumption, market size, trade, production, companies, exports, and imports. Here is a split by region, including Russia, the U.S., Latin America, Africa, the Middle East, the U.K., EU, and China. Market insights and outlook to 2030 are also featured in the snapshots.

Refrigerator and Freezer - World's Largest Markets

Rating	Country
1	United States
2	China
3	India
4	Japan
5	Brazil

In value terms, the largest refrigerator and freezer markets worldwide were the United States, China and India, with a combined 47% share of the global market. Japan, Brazil, Indonesia, Pakistan, Mexico, Turkey, the UK, France, Egypt and Canada lagged somewhat behind, together comprising a further 27%.

Mexico saw the highest growth rate of market size, among the main consuming countries over the period under review, while refrigerator and freezer market for the other global leaders experienced mixed trends in the market figures.

Refrigerator and Freezer Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Hungary	6.2	6.2	5.4	-6.5%
China	7.5	7.1	6.2	-9.6%
Bulgaria	9.4	8.5	8	-7.7%
Netherlands	12	12	8.4	-15.9%
Turkey	13	12	9.9	-13.0%
Thailand	11	11	12	5.9%
Germany	12	12	13	2.0%
Italy	10	9.6	13	12.6%
Poland	60	41	18	-45.5%
Average	12	12	11	-7.1%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Poland ($18 per unit), while Hungary ($5.4 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Japan	28	31	26	-4.2%
United States	26	28	18	-16.4%
Spain	13	11	13	2.7%
Italy	14	14	12	-7.4%
France	9.4	9	9.9	2.6%
Russia	13	11	9.8	-13.9%
Canada	19	13	9.5	-30.0%
Germany	9.7	9.8	9.4	-1.4%
United Kingdom	7.8	7.7	7.8	0.1%
Belgium	8.9	8.4	7.5	-7.8%
Sweden	7.6	7.7	7.5	-0.4%
United Arab Emirates	8.2	9.7	6.5	-11.3%
Netherlands	7.8	7.9	6.2	-11.3%
Average	12	12	11	-3.3%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($26 per unit), while the Netherlands ($6.2 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Refrigerator and Freezer - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	6.3	6.1	6.7	3.2%
Germany	1	1.1	1.2	7.7%
United Kingdom	1	1	1.1	6.0%
Japan	0.8	0.9	1	17.1%
France	0.9	0.9	0.9	-0.1%

In value terms, the United States ($6.7B) constitutes the largest market for imported refrigerators and freezers worldwide, comprising 28% of global imports. The second position in the ranking was occupied by Germany ($1.2B), with a 4.9% share of global imports. It was followed by the UK, with a 4.5% share.

In the United States, refrigerator and freezer imports expanded at an average annual rate of +3.2% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Germany (+7.7% per year) and the UK (+6.0% per year).

Refrigerator and Freezer - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
China	6.2	6.4	7.3	8.5%
Thailand	1.6	1.6	1.8	8.2%
Turkey	1.4	1.4	1.3	-3.4%
Poland	1	1	1.2	9.5%
Germany	1	0.9	0.9	-3.3%

In value terms, China ($7.3B) remains the largest refrigerator and freezer supplier worldwide, comprising 32% of global exports. The second position in the ranking was occupied by Thailand ($1.8B), with a 8% share of global exports. It was followed by Turkey, with a 5.8% share.

In China, refrigerator and freezer exports increased at an average annual rate of +8.5% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+8.2% per year) and Turkey (-3.4% per year).

Refrigerator and Freezer - Market Forecast

Driven by rising demand for refrigerator and freezer worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Refrigerator and Freezer - Product Coverage

HS 841810 - Refrigerators and freezers; combined refrigerator-freezers, fitted with separate external doors, electric or other
HS 841821 - Refrigerators; for household use, compression-type, electric or other
HS 841829 - Refrigerators; household, electric or not, other than compression-type
HS 841830 - Freezers; of the chest type, not exceeding 800l capacity
HS 841840 - Freezers; of the upright type, not exceeding 900l capacity

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global refrigerator and freezer market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023