France: Refrigerator Or Freezer Market 2024

Refrigerator Or Freezer Market Size in France

In 2022, the French refrigerator or freezer market decreased by -35.8% to $X, falling for the third year in a row after four years of growth. Overall, consumption recorded a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Refrigerator Or Freezer Production in France

In value terms, refrigerator or freezer production plummeted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 128%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Refrigerator Or Freezer Exports

Exports from France

Refrigerator or freezer exports from France dropped sharply to X units in 2022, which is down by -38.3% compared with the previous year. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 542% against the previous year. The exports peaked at X units in 2021, and then dropped notably in the following year.

In value terms, refrigerator or freezer exports declined remarkably to $X in 2022. Over the period under review, exports, however, saw a prominent increase. The growth pace was the most rapid in 2019 when exports increased by 351%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped markedly in the following year.

Exports by Country

The UK (X units) was the main destination for refrigerator or freezer exports from France, accounting for a 48% share of total exports. Moreover, refrigerator or freezer exports to the UK exceeded the volume sent to the second major destination, Algeria (X units), sixfold. The third position in this ranking was taken by Mauritania (X units), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +61.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+40.5% per year) and Mauritania (+1,936.6% per year).

In value terms, the UK ($X) remains the key foreign market for furniture designed to receive refrigerating or freezing equipment exports from France, comprising 48% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Algeria, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to the UK totaled +56.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+59.1% per year) and Algeria (+11.9% per year).

Export Prices by Country

The average refrigerator or freezer export price stood at $X per unit in 2022, reducing by -9.5% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 27%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per unit), while the average price for exports to Mauritania ($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 Morocco (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Refrigerator Or Freezer Imports

Imports into France

In 2022, imports of furniture designed to receive refrigerating or freezing equipment into France declined rapidly to X units, which is down by -38.5% against 2021 figures. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 173%. As a result, imports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, refrigerator or freezer imports declined notably to $X in 2022. Overall, imports, however, saw a slight expansion. The pace of growth was the most pronounced in 2021 with an increase of 53%. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

Portugal (X units), Germany (X units) and Italy (X units) were the main suppliers of refrigerator or freezer imports to France, together comprising 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +38.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Portugal ($X) and Italy ($X) were the largest refrigerator or freezer suppliers to France, together comprising 79% of total imports.

Among the main suppliers, Germany, with a CAGR of +39.0%, saw the highest growth rate of 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 average refrigerator or freezer import price stood at $X per unit in 2022, increasing by 9.2% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refrigerator or freezer import price decreased by -38.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 45%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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