Australia: Refrigerator Or Freezer Market 2024

Refrigerator Or Freezer Market Size in Australia

The Australian refrigerator or freezer market dropped modestly to $X in 2022, declining by -3.1% against the previous year. Over the period under review, consumption recorded a noticeable contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Refrigerator Or Freezer Production in Australia

In value terms, refrigerator or freezer production dropped to $X in 2022 estimated in export price. Over the period under review, production faced a deep reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 741%. Refrigerator or freezer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Refrigerator Or Freezer Exports

Exports from Australia

After five years of growth, shipments abroad of furniture designed to receive refrigerating or freezing equipment decreased by -76.9% to X units in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 279%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, refrigerator or freezer exports fell sharply to $X in 2022. In general, exports faced a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 199% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X units), Singapore (X units) and Papua New Guinea (X units) were the main destinations of refrigerator or freezer exports from Australia, together accounting for 78% of total exports. China, Finland, Thailand and Brunei Darussalam lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +488.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Singapore ($X) and Papua New Guinea ($X) appeared to be the largest markets for refrigerator or freezer exported from Australia worldwide, together comprising 78% of total exports. China, Finland, Thailand and Brunei Darussalam lagged somewhat behind, together comprising a further 17%.

Thailand, with a CAGR of +601.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average refrigerator or freezer export price amounted to $X per unit, rising by 19% against the previous year. Overall, the export price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2015 an increase of 36% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Brunei Darussalam ($X per unit) and Finland ($X per unit), while the average price for exports to Thailand ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Or Freezer Imports

Imports into Australia

In 2022, supplies from abroad of furniture designed to receive refrigerating or freezing equipment decreased by -45% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 85% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, refrigerator or freezer imports reduced dramatically to $X in 2022. In general, imports, however, showed a temperate expansion. The pace of growth was the most pronounced in 2013 when imports increased by 179%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Italy (X units) and Mexico (X units) were the main suppliers of refrigerator or freezer imports to Australia, with a combined 66% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +32.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refrigerator or freezer suppliers to Australia were the United States ($X), Italy ($X) and Mexico ($X), together accounting for 66% of total imports.

Among the main suppliers, the United States, with a CAGR of +34.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average refrigerator or freezer import price amounted to $X per unit, surging by 8% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refrigerator or freezer import price increased by +7.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 51% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per unit) and the United States ($X per unit), while the price for South Korea ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :