India: Non-Combined Refrigerator-Freezer Market 2025

Non-Combined Refrigerator-Freezer Market Size in India

For the third consecutive year, the Indian non-combined refrigerator-freezer market recorded growth in sales value, which increased by 1.3% to $X in 2022. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 5.9%. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Non-Combined Refrigerator-Freezer Production in India

In value terms, non-combined refrigerator-freezer production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 4.8% against the previous year. Non-combined refrigerator-freezer production peaked at $X in 2018; afterwards, it flattened through to 2022.

Non-Combined Refrigerator-Freezer Exports

Exports from India

Non-combined refrigerator-freezer exports from India contracted dramatically to X units in 2022, waning by -17.1% on 2021 figures. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-combined refrigerator-freezer exports shrank to $X in 2022. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 49%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Nepal (X units) was the main destination for non-combined refrigerator-freezer exports from India, with a 53% share of total exports. Moreover, non-combined refrigerator-freezer exports to Nepal exceeded the volume sent to the second major destination, Nigeria (X units), sevenfold. The United Arab Emirates (X units) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nepal totaled +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-10.6% per year) and the United Arab Emirates (+5.1% per year).

In value terms, Nepal ($X) remains the key foreign market for household refrigerators and freezers (not combined) exports from India, comprising 44% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.7% share of total exports. It was followed by Nigeria, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Nepal stood at +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+0.4% per year) and Nigeria (-12.8% per year).

Export Prices by Country

The average non-combined refrigerator-freezer export price stood at $X per unit in 2022, picking up by 11% against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a 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 Australia ($X per unit), while the average price for exports to Morocco ($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 Sri Lanka (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into India

In 2022, the amount of household refrigerators and freezers (not combined) imported into India rose markedly to X units, increasing by 7.4% against the previous year. Over the period under review, imports showed a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 72% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, non-combined refrigerator-freezer imports fell to $X in 2022. In general, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 67% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Indonesia (X units), China (X units) and Bangladesh (X units) were the main suppliers of non-combined refrigerator-freezer imports to India, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +544.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-combined refrigerator-freezer suppliers to India were Indonesia ($X), China ($X) and Bangladesh ($X), together comprising 83% of total imports.

In terms of the main suppliers, Bangladesh, with a CAGR of +503.3%, saw 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 non-combined refrigerator-freezer import price stood at $X per unit in 2022, dropping by -14.2% against the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2021 an increase of 8.2% against the previous year. The import price peaked 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 origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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