Bangladesh: Combined Refrigerator-Freezer Market 2025

Combined Refrigerator-Freezer Market Size in Bangladesh

The Bangladeshi combined refrigerator-freezer market fell to $X in 2022, which is down by -13.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt descent. Combined refrigerator-freezer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Combined Refrigerator-Freezer Exports

Exports from Bangladesh

In 2022, the amount of combined refrigerators-freezers exported from Bangladesh dropped dramatically to X units, reducing by -38.6% compared with the previous year. Overall, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2018 when exports increased by 561%. Over the period under review, the exports attained the peak figure at X units in 2021, and then shrank dramatically in the following year.

In value terms, combined refrigerator-freezer exports reduced markedly to $X in 2022. In general, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 740%. The exports peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

Nepal (X units) was the main destination for combined refrigerator-freezer exports from Bangladesh, with a 64% share of total exports. Moreover, combined refrigerator-freezer exports to Nepal exceeded the volume sent to the second major destination, Canada (X units), fivefold. The UK (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Nepal totaled +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+47.3% per year) and the UK (+11.5% per year).

In value terms, Nepal ($X), the UK ($X) and Nigeria ($X) constituted the largest markets for combined refrigerator-freezer exported from Bangladesh worldwide, together comprising 87% of total exports. Canada, Kenya and Sri Lanka lagged somewhat behind, together accounting for a further 8%.

In terms of the main countries of destination, Canada, with a CAGR of +44.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average combined refrigerator-freezer export price stood at $X per unit in 2022, declining by -2.1% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 27%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Kenya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.5%), while the prices for the other major destinations experienced a decline.

Combined Refrigerator-Freezer Imports

Imports into Bangladesh

Combined refrigerator-freezer imports into Bangladesh fell to X units in 2022, which is down by -4.6% on the year before. Overall, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 36%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, combined refrigerator-freezer imports fell sharply to $X in 2022. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest combined refrigerator-freezer supplier to Bangladesh, accounting for a 77% share of total imports. Moreover, combined refrigerator-freezer imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+4.5% per year) and Pakistan (+28.3% per year).

In value terms, China ($X), Thailand ($X) and Pakistan ($X) were the largest combined refrigerator-freezer suppliers to Bangladesh, together accounting for 93% of total imports.

In terms of the main suppliers, Pakistan, with a CAGR of +38.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average combined refrigerator-freezer import price stood at $X per unit in 2022, shrinking by -13.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 56% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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