Hungary: Combined Refrigerator-Freezer Market 2025

Combined Refrigerator-Freezer Market Size in Hungary

In 2022, the Hungarian combined refrigerator-freezer market decreased by -2% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +107.7% against 2015 indices. As a result, consumption attained the peak level of $X, and then fell slightly in the following year.

Combined Refrigerator-Freezer Production in Hungary

In value terms, combined refrigerator-freezer production dropped slightly to $X in 2022 estimated in export price. In general, production saw a abrupt descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by 6.9% against the previous year. Combined refrigerator-freezer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Combined Refrigerator-Freezer Exports

Exports from Hungary

In 2022, exports of combined refrigerators-freezers from Hungary fell to X units, which is down by -11.3% on the year before. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 3%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, combined refrigerator-freezer exports totaled $X in 2022. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 12%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units) was the main destination for combined refrigerator-freezer exports from Hungary, accounting for a 49% share of total exports. Moreover, combined refrigerator-freezer exports to Sweden exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was taken by Finland (X units), with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-8.1% per year) and Finland (-5.8% per year).

In value terms, Sweden ($X) remains the key foreign market for combined refrigerators-freezers exports from Hungary, comprising 48% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 10% share of total exports. It was followed by Switzerland, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-4.3% per year) and Switzerland (+14.7% per year).

Export Prices by Country

In 2022, the average combined refrigerator-freezer export price amounted to $X per unit, rising by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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 Switzerland ($X per unit), while the average price for exports to Germany ($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 Switzerland (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Combined Refrigerator-Freezer Imports

Imports into Hungary

In 2022, purchases abroad of combined refrigerators-freezers decreased by -6.9% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 56% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, combined refrigerator-freezer imports shrank slightly to $X in 2022. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. Imports peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

Slovakia (X units), Hong Kong SAR (X units) and Poland (X units) were the main suppliers of combined refrigerator-freezer imports to Hungary, with a combined 49% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +126.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Poland ($X) and Hong Kong SAR ($X) were the largest combined refrigerator-freezer suppliers to Hungary, with a combined 52% share of total imports.

Hong Kong SAR, with a CAGR of +107.5%, recorded the highest growth rate of 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

In 2022, the average combined refrigerator-freezer import price amounted to $X per unit, increasing by 3.3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 9.3%. The import price peaked at $X per unit in 2013; however, from 2014 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 Poland ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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