India: Refrigerator And Freezer Market 2025

Refrigerator And Freezer Market Size in India

The Indian refrigerator and freezer market amounted to $X in 2022, leveling off at the previous year. In general, consumption, however, showed a mild descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Refrigerator And Freezer Production in India

In value terms, refrigerator and freezer production stood at $X in 2022 estimated in export price. In general, production, however, recorded a perceptible setback. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refrigerator And Freezer Exports

Exports from India

In 2022, approx. X units of refrigerators and freezers were exported from India; dropping by X% on 2021 figures. In general, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, refrigerator and freezer exports declined to $X in 2022. Over the period under review, exports recorded a noticeable reduction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nepal (X units) was the main destination for refrigerator and freezer exports from India, with a X% share of total exports. Moreover, refrigerator and freezer exports to Nepal exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fivefold. The third position in this ranking was taken by Morocco (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nepal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Morocco (X% per year).

In value terms, Nepal ($X) remains the key foreign market for refrigerators and freezers exports from India, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Nepal totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, continues to indicate a slight decline. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Taiwan (Chinese) ($X per unit), while the average price for exports to Nepal ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports into India

In 2022, imports of refrigerators and freezers into India reached X units, leveling off at the previous year's figure. Overall, imports recorded strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, refrigerator and freezer imports contracted modestly to $X in 2022. In general, imports saw a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

China (X units), Indonesia (X units) and Thailand (X units) were the main suppliers of refrigerator and freezer imports to India, with a combined X% share of total imports. Bangladesh, South Korea and Turkey lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Thailand ($X) and Indonesia ($X) constituted the largest refrigerator and freezer suppliers to India, with a combined X% share of total imports. South Korea, Bangladesh and Turkey lagged somewhat behind, together comprising a further X%.

Bangladesh, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 refrigerator and freezer import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price saw a pronounced slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average 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 South Korea ($X per unit), while the price for Bangladesh ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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