Italy: Combined Refrigerator-Freezer Market 2025

Combined Refrigerator-Freezer Market Size in Italy

The Italian combined refrigerator-freezer market fell significantly to $X in 2022, waning by -15% against the previous year. In general, consumption, however, enjoyed strong growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Combined Refrigerator-Freezer Production in Italy

In value terms, combined refrigerator-freezer production declined markedly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant expansion. The growth pace was the most rapid in 2019 with an increase of 171%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Combined Refrigerator-Freezer Exports

Exports from Italy

Combined refrigerator-freezer exports from Italy contracted to X units in 2022, dropping by -5.1% on 2021 figures. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. As a result, the exports reached the peak of X units, and then contracted in the following year.

In value terms, combined refrigerator-freezer exports contracted modestly to $X in 2022. In general, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 75% against the previous year. As a result, the exports attained the peak of $X, and then shrank modestly in the following year.

Exports by Country

The UK (X units), France (X units) and Germany (X units) were the main destinations of combined refrigerator-freezer exports from Italy, together accounting for 47% of total exports. The Netherlands, Poland, Sweden, Spain, Switzerland, Slovakia, Belgium, Portugal and Russia lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +16.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Germany ($X) were the largest markets for combined refrigerator-freezer exported from Italy worldwide, together accounting for 43% of total exports. Poland, the Netherlands, Sweden, Spain, Switzerland, Belgium, Slovakia, Portugal and Russia lagged somewhat behind, together accounting for a further 35%.

Portugal, with a CAGR of +12.1%, recorded 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

In 2022, the average combined refrigerator-freezer export price amounted to $X per unit, increasing by 1.8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 11%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per unit) and Sweden ($X per unit), while the average price for exports to the Netherlands ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Combined Refrigerator-Freezer Imports

Imports into Italy

Combined refrigerator-freezer imports into Italy dropped to X units in 2022, waning by -9.5% compared with the year before. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, combined refrigerator-freezer imports contracted to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 39%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

China (X units), Turkey (X units) and Poland (X units) were the main suppliers of combined refrigerator-freezer imports to Italy, with a combined 71% share of total imports. Romania, Thailand, Slovenia, Germany and Hungary lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +11.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest combined refrigerator-freezer suppliers to Italy were China ($X), Turkey ($X) and Poland ($X), with a combined 67% share of total imports. Romania, Germany, Thailand, Slovenia and Hungary lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, Romania, with a CAGR of +15.4%, 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 combined refrigerator-freezer import price amounted to $X per unit, declining by -4.2% against the previous year. Over the period under review, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the peak figure 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 Germany ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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