Hungary: Refrigerator And Freezer Market 2025

Refrigerator And Freezer Market Size in Hungary

The Hungarian refrigerator and freezer market surged to $X in 2022, growing by X% against the previous year. Over the period under review, consumption continues to indicate a resilient increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Refrigerator And Freezer Production in Hungary

In value terms, refrigerator and freezer production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X%. Refrigerator and freezer production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Refrigerator And Freezer Exports

Exports from Hungary

In 2022, refrigerator and freezer exports from Hungary reduced sharply to X units, waning by X% on 2021. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, refrigerator and freezer exports reduced notably to $X in 2022. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Sweden (X units) and the Netherlands (X units) were the main destinations of refrigerator and freezer exports from Hungary, together accounting for X% of total exports. France, Switzerland, Italy, Poland, Finland, the United States, the UK, the Czech Republic and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Switzerland ($X) appeared to be the largest markets for refrigerator and freezer exported from Hungary worldwide, with a combined X% share of total exports. The Netherlands, France, Finland, Italy, Poland, the United States, the UK, the Czech Republic and Spain lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average refrigerator and freezer export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

Refrigerator And Freezer Imports

Imports into Hungary

In 2022, the amount of refrigerators and freezers imported into Hungary reached X units, growing by X% compared with the previous year's figure. In general, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, refrigerator and freezer imports dropped slightly to $X in 2022. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

China (X units), Romania (X units) and Serbia (X units) were the main suppliers of refrigerator and freezer imports to Hungary, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Slovakia ($X) and Poland ($X) appeared to be the largest refrigerator and freezer suppliers to Hungary, together accounting for X% of total imports. Romania, Turkey, Serbia, Italy, Germany, the Czech Republic and Slovenia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Romania, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average refrigerator and freezer import price amounted to $X per unit, reducing by X% against the previous year. In general, the import price showed a slight contraction. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average 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 Poland ($X per unit), while the price for Serbia ($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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