Greece: Refrigerator And Freezer Market 2025

Refrigerator And Freezer Market Size in Greece

The Greek refrigerator and freezer market skyrocketed to $X in 2022, growing by X% 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). In general, consumption posted a strong increase. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

Refrigerator And Freezer Exports

Exports from Greece

In 2022, exports of refrigerators and freezers from Greece rose slightly to X units, increasing by X% against the previous year's figure. In general, exports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, refrigerator and freezer exports rose significantly to $X in 2022. Overall, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% 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 stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Cyprus totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Romania (X% per year).

In value terms, Cyprus ($X) remains the key foreign market for refrigerators and freezers exports from Greece, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Bulgaria ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports into Greece

In 2022, imports of refrigerators and freezers into Greece rose significantly to X units, picking up by X% compared with the year before. In general, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, refrigerator and freezer imports soared to $X in 2022. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Turkey (X units) and Poland (X units) were the main suppliers of refrigerator and freezer imports to Greece, together accounting for X% of total imports. Romania, Italy, Bulgaria, the Netherlands, Hungary, Spain and Thailand lagged somewhat behind, together comprising a further X%.

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

In value terms, Turkey ($X), China ($X) and Poland ($X) constituted the largest refrigerator and freezer suppliers to Greece, with a combined X% share of total imports. The Netherlands, Romania, Bulgaria, Italy, Spain, Thailand and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded 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 and freezer import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of X% 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 failed to regain momentum.

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 the Netherlands ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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