Greece: Combined Refrigerator-Freezer Market 2025

Combined Refrigerator-Freezer Market Size in Greece

The Greek combined refrigerator-freezer market skyrocketed to $X in 2022, increasing by 40% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate significant growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Combined Refrigerator-Freezer Exports

Exports from Greece

In 2022, the amount of combined refrigerators-freezers exported from Greece rose significantly to X units, growing by 7.5% on the year before. Over the period under review, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 67%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, combined refrigerator-freezer exports expanded sharply to $X in 2022. In general, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 47% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cyprus (X units) was the main destination for combined refrigerator-freezer exports from Greece, with a 76% share of total exports. Moreover, combined refrigerator-freezer exports to Cyprus exceeded the volume sent to the second major destination, Israel (X units), fivefold. The third position in this ranking was held by Italy (X units), with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+91.8% per year) and Italy (-24.5% per year).

In value terms, Cyprus ($X) remains the key foreign market for combined refrigerators-freezers exports from Greece, comprising 78% of total exports. The second position in the ranking was taken by Israel ($X), with a 15% share of total exports. It was followed by Germany, with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus amounted to +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+76.4% per year) and Germany (-23.4% per year).

Export Prices by Country

In 2022, the average combined refrigerator-freezer export price amounted to $X per unit, almost unchanged from the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 44%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per unit), while the average price for exports to Italy ($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 Germany (+0.9%), while the prices for the other major destinations experienced a decline.

Combined Refrigerator-Freezer Imports

Imports into Greece

In 2022, imports of combined refrigerators-freezers into Greece surged to X units, jumping by 30% on 2021 figures. In general, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 45%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, combined refrigerator-freezer imports skyrocketed to $X in 2022. Overall, imports posted a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 48%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Turkey (X units), China (X units) and Poland (X units) were the main suppliers of combined refrigerator-freezer imports to Greece, with a combined 78% share of total imports. The Netherlands, Bulgaria, Spain, Indonesia, Thailand, Italy, Germany and Hungary lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +31.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest combined refrigerator-freezer suppliers to Greece were Turkey ($X), China ($X) and Poland ($X), together comprising 74% of total imports. The Netherlands, Bulgaria, Spain, Germany, Thailand, Indonesia, Italy and Hungary lagged somewhat behind, together comprising a further 22%.

Thailand, with a CAGR of +32.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average combined refrigerator-freezer import price stood at $X per unit in 2022, growing by 8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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