Asia-Pacific: Non-Combined Refrigerator-Freezer Market 2025

Non-Combined Refrigerator-Freezer Market Size in Asia-Pacific

The Asia-Pacific non-combined refrigerator-freezer market rose rapidly to $X in 2022, surging by 8.1% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Non-Combined Refrigerator-Freezer Production in Asia-Pacific

In value terms, non-combined refrigerator-freezer production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 45%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in shipments abroad of household refrigerators and freezers (not combined), when their volume decreased by -19.2% to X units. Total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 38%. Over the period under review, the exports attained the maximum at X units in 2021, and then reduced dramatically in the following year.

In value terms, non-combined refrigerator-freezer exports declined to $X in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

China dominates exports structure, resulting at X units, which was near 87% of total exports in 2022. It was distantly followed by Thailand (X units), comprising an 8.8% share of total exports. Vietnam (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-combined refrigerator-freezer exports from China stood at +4.4%. At the same time, Vietnam (+17.4%) and Thailand (+1.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +17.4% from 2012-2022. China (+4.3 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -1.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-combined refrigerator-freezer supplier in Asia-Pacific, comprising 72% of total exports. The second position in the ranking was held by Thailand ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +4.2%. In the other countries, the average annual rates were as follows: Thailand (+1.9% per year) and Vietnam (+20.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, growing by 7.7% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 14%. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Non-Combined Refrigerator-Freezer Imports

Imports in Asia-Pacific

In 2022, approx. X units of household refrigerators and freezers (not combined) were imported in Asia-Pacific; which is down by -8.7% against 2021. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.0% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 23% against the previous year. The volume of import peaked at X units in 2021, and then declined in the following year.

In value terms, non-combined refrigerator-freezer imports shrank to $X in 2022. The total import value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 37%. As a result, imports reached the peak of $X, and then dropped modestly in the following year.

Imports by Country

India (X units), Australia (X units), Japan (X units), Malaysia (X units), Taiwan (Chinese) (X units), South Korea (X units), Thailand (X units) and the Philippines (X units) represented roughly 76% of total imports in 2022. Nepal (X units), Indonesia (X units), Vietnam (X units), New Zealand (X units) and Bangladesh (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +18.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Japan ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 37% share of total imports. Taiwan (Chinese), South Korea, Malaysia, the Philippines, Indonesia, Thailand, Vietnam, New Zealand, Nepal and Bangladesh lagged somewhat behind, together accounting for a further 46%.

South Korea, with a CAGR of +19.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, picking up by 5.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 12%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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