Report Update Feb 1, 2025

Cuba - Refrigerators and Freezers - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Refrigerator And Freezer Market 2025

Refrigerator And Freezer Market Size in Cuba

In 2021, the Cuban refrigerator and freezer market decreased by -30.9% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a strong increase. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Refrigerator And Freezer Production in Cuba

In value terms, refrigerator and freezer production dropped significantly to $X in 2021 estimated in export price. In general, production, however, posted a resilient increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 440% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then declined notably in the following year.

Refrigerator And Freezer Exports

Exports from Cuba

For the third year in a row, Cuba recorded growth in overseas shipments of refrigerators and freezers, which increased by 2.5% to X units in 2021. Overall, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 59%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, refrigerator and freezer exports fell modestly to $X in 2021. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 269%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Panama (X units) was the main destination for refrigerator and freezer exports from Cuba, with a 2,030% share of total exports. Moreover, refrigerator and freezer exports to Panama exceeded the volume sent to the second major destination, Angola (X units), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama totaled +14.1%.

In value terms, Panama ($X) remains the key foreign market for refrigerators and freezers exports from Cuba, comprising 69% of total exports. The second position in the ranking was held by Angola ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama stood at +13.3%.

Export Prices by Country

In 2021, the average refrigerator and freezer export price amounted to $X per unit, falling by -5.9% against the previous year. Overall, the export price, however, saw a pronounced increase. The growth pace was the most rapid in 2013 when the average export price increased by 144% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Panama stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+4.6%), while the prices for the other major destinations experienced a decline.

Refrigerator And Freezer Imports

Imports into Cuba

After two years of growth, overseas purchases of refrigerators and freezers decreased by -9.6% to X units in 2021. Over the period under review, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 186%. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, refrigerator and freezer imports fell remarkably to $X in 2021. Overall, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 72% against the previous year. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

Panama (X units), Portugal (X units) and China (X units) were the main suppliers of refrigerator and freezer imports to Cuba.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +20.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) constituted the largest supplier of refrigerators and freezers to Cuba, comprising 47% of total imports. The second position in the ranking was held by Portugal ($X), with a 15% share of total imports. It was followed by China, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Panama totaled +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+11.7% per year) and China (-6.6% per year).

Import Prices by Country

In 2021, the average refrigerator and freezer import price amounted to $X per unit, reducing by -33.5% against the previous year. Overall, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 64% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Angola ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refrigerators and freezers in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 42% of global consumption. These countries were followed by Brazil, Japan, Pakistan, Indonesia, Turkey, France, Mexico, the UK, Thailand and Egypt, which together accounted for a further 30%.

What are the largest producers of refrigerators and freezers in the world?

China constituted the country with the largest volume of refrigerator and freezer production, accounting for 36% of total volume. Moreover, refrigerator and freezer production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The United States ranked third in terms of total production with an 8.1% share.

What are the leading suppliers of refrigerators and freezers to Cuba?

In value terms, China constituted the largest supplier of refrigerator and freezer to Cuba, comprising 56% of total imports. The second position in the ranking was occupied by Panama, with an 8.6% share of total imports. It was followed by Mexico, with an 8.1% share.

What are the leading importers of refrigerators and freezers from Cuba?

In value terms, Singapore remains the key foreign market for refrigerator and freezer exports from Cuba, comprising 45% of total exports. The second position in the ranking was occupied by Panama, with a 21% share of total exports.

What is the average export price for refrigerators and freezers in Cuba?

In 2021, the average refrigerator and freezer export price amounted to $13 per unit, which is down by -6.4% against the previous year.

What is the average import price for refrigerators and freezers in Cuba?

In 2021, the average refrigerator and freezer import price amounted to $8.7 per unit, rising by 23% against the previous year.

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

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024