Global Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size

The global non-combined refrigerator-freezer market shrank modestly to $X in 2022, remaining stable against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the global market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Non-Combined Refrigerator-Freezer Production

In value terms, non-combined refrigerator-freezer production contracted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports

In 2022, after five years of growth, there was significant decline in shipments abroad of household refrigerators and freezers (not combined), when their volume decreased by -18% to X units. Over the period under review, total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 31% against the previous year. Over the period under review, the global exports attained the peak figure at X units in 2021, and then dropped markedly in the following year.

In value terms, non-combined refrigerator-freezer exports dropped to $X in 2022. The total export value increased at an average annual rate of +1.2% 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 with an increase of 20% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

China dominates exports structure, accounting for X units, which was approx. 65% of total exports in 2022. Thailand (X units) took a 6.6% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (5.3%). Germany (X units), Italy (X units) and the Netherlands (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-combined refrigerator-freezer exports from China stood at +4.4%. At the same time, the Netherlands (+8.6%) and Thailand (+1.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +8.6% from 2012-2022. By contrast, Turkey (-1.7%), Italy (-2.2%) and Germany (-5.2%) illustrated a downward trend over the same period. China (+14 p.p.) significantly strengthened its position in terms of the global exports, while Turkey and Germany saw its share reduced by -2.2% and -2.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-combined refrigerator-freezer supplier worldwide, comprising 40% of global exports. The second position in the ranking was held by Thailand ($X), with a 9.8% share of global exports. It was followed by Germany, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +4.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+1.9% per year) and Germany (-0.4% per year).

Export Prices by Country

The average non-combined refrigerator-freezer export price stood at $X per unit in 2022, growing by 7.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 15% against the previous year. The global export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

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

Non-Combined Refrigerator-Freezer Imports

Imports

After two years of growth, supplies from abroad of household refrigerators and freezers (not combined) decreased by -12.5% to X units in 2022. The total import volume increased at an average annual rate of +2.5% 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 2020 with an increase of 22% against the previous year. Over the period under review, global imports hit record highs at X units in 2021, and then shrank in the following year.

In value terms, non-combined refrigerator-freezer imports contracted to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, the United States (X units), distantly followed by Germany (X units), the UK (X units) and France (X units) represented the major importers of household refrigerators and freezers (not combined), together mixing up 34% of total imports. Russia (X units), the Netherlands (X units), Canada (X units), India (X units), Italy (X units), Mexico (X units), Sweden (X units), Spain (X units) and Iraq (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-combined refrigerator-freezer imports into the United States stood at +6.5%. At the same time, India (+16.2%), Mexico (+12.0%), Russia (+7.2%), Germany (+4.7%), Iraq (+4.6%), Sweden (+4.4%), Canada (+3.6%) and the Netherlands (+3.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +16.2% from 2012-2022. The UK and Spain experienced a relatively flat trend pattern. By contrast, Italy (-1.3%) and France (-2.3%) illustrated a downward trend over the same period. The United States (+5.8 p.p.) and India (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while the UK and France saw its share reduced by -1.9% and -3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported household refrigerators and freezers (not combined) worldwide, comprising 15% of global imports. The second position in the ranking was held by Germany ($X), with a 5.9% share of global imports. It was followed by France, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +8.7%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+2.6% per year) and France (-2.3% per year).

Import Prices by Country

The average non-combined refrigerator-freezer import price stood at $X per unit in 2022, increasing by 4.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 16%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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