Eastern Asia: Refrigerator And Freezer Market 2025

Refrigerator And Freezer Market Size in Eastern Asia

The East Asian refrigerator and freezer market expanded notably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Refrigerator And Freezer Production in Eastern Asia

In value terms, refrigerator and freezer production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Refrigerator And Freezer Exports

Exports in Eastern Asia

In 2022, overseas shipments of refrigerators and freezers decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, saw a moderate increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then contracted sharply in the following year.

In value terms, refrigerator and freezer exports reduced markedly to $X in 2022. Total exports indicated noticeable 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, exports increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

China dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by South Korea (X units), achieving a X% share of total exports.

China was also the fastest-growing in terms of the refrigerators and freezers exports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) remains the largest refrigerator and freezer supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

In China, refrigerator and freezer exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 South Korea ($X per unit), while China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Refrigerator And Freezer Imports

Imports in Eastern Asia

In 2022, after ten years of growth, there was significant decline in overseas purchases of refrigerators and freezers, when their volume decreased by X% to X units. In general, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of import peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, refrigerator and freezer imports shrank to $X in 2022. Total imports indicated a temperate expansion 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

Japan was the key importing country with an import of about X units, which accounted for X% of total imports. South Korea (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by China (X%) and Hong Kong SAR (X%).

Imports into Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) and China (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.), South Korea (X p.p.), China (X p.p.) and Hong Kong SAR (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported refrigerators and freezers in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price saw buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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