EU: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in the EU

In 2022, the EU non-combined refrigerator-freezer market increased by 1.8% to $X, rising for the third consecutive year after five years of decline. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Non-Combined Refrigerator-Freezer Production in the EU

In value terms, non-combined refrigerator-freezer production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports in the EU

In 2022, overseas shipments of household refrigerators and freezers (not combined) decreased by -19.6% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports saw a noticeable decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 18%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-combined refrigerator-freezer exports declined to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Germany (X units), Italy (X units), the Netherlands (X units), Hungary (X units), Poland (X units), Bulgaria (X units), Romania (X units), Sweden (X units), Denmark (X units), Spain (X units), Portugal (X units) and France (X units) represented roughly 93% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Netherlands (with a CAGR of +8.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 53% share of total exports.

The Netherlands, with a CAGR of +9.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, picking up by 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2021 when the export price increased by 13%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.0%), while the other leaders experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports in the EU

In 2022, supplies from abroad of household refrigerators and freezers (not combined) decreased by -23.7% to X units for the first time since 2015, thus ending a six-year rising trend. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year. The volume of import peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, non-combined refrigerator-freezer imports shrank remarkably to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

Germany (X units) and France (X units) represented roughly 35% of total imports in 2022. It was distantly followed by the Netherlands (X units), Italy (X units), Sweden (X units), Spain (X units) and Belgium (X units), together creating a 37% share of total imports. Poland (X units), Austria (X units), the Czech Republic (X units), Denmark (X units), Greece (X units) and Portugal (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +4.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-combined refrigerator-freezer importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), together comprising 46% of total imports.

In terms of the main importing countries, the Netherlands, with a CAGR of +5.9%, 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 more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, growing by 7.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per unit), while Italy ($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 (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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