Belgium: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Belgium

In 2022, the Belgian refrigerator and freezer market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. In general, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank in the following year.

Refrigerator And Freezer Production in Belgium

In value terms, refrigerator and freezer production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a modest expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Refrigerator and freezer production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Refrigerator And Freezer Exports

Exports from Belgium

After three years of growth, shipments abroad of refrigerators and freezers decreased by X% to X units in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then fell dramatically in the following year.

In value terms, refrigerator and freezer exports declined remarkably to $X in 2022. In general, exports, however, recorded slight growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell markedly in the following year.

Exports by Country

Germany (X units), France (X units) and the Netherlands (X units) were the main destinations of refrigerator and freezer exports from Belgium, with a combined X% share of total exports. Mauritania, the Czech Republic, Cameroon and Luxembourg lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) were the largest markets for refrigerator and freezer exported from Belgium worldwide, with a combined X% share of total exports. Luxembourg, the Czech Republic, Mauritania and Cameroon lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of X%, 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 refrigerator and freezer export price stood at $X per unit in 2022, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Mauritania ($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 Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports into Belgium

In 2022, supplies from abroad of refrigerators and freezers decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then fell in the following year.

In value terms, refrigerator and freezer imports reduced dramatically to $X in 2022. Over the period under review, imports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

The Netherlands (X units), Turkey (X units) and China (X units) were the main suppliers of refrigerator and freezer imports to Belgium, together comprising X% of total imports. Germany, France, Romania and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of refrigerators and freezers to Belgium, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average refrigerator and freezer import price amounted to $X per unit, dropping by X% against the previous year. In general, the import price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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