Italy: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Italy

The Italian non-combined refrigerator-freezer market soared to $X in 2022, increasing by 82% against the previous year. Overall, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Non-Combined Refrigerator-Freezer Production in Italy

In value terms, non-combined refrigerator-freezer production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a abrupt contraction. Non-combined refrigerator-freezer production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Non-Combined Refrigerator-Freezer Exports

Exports from Italy

In 2022, the amount of household refrigerators and freezers (not combined) exported from Italy declined to X units, dropping by -8% on 2021. Overall, exports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2018 with an increase of 11% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-combined refrigerator-freezer exports contracted to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 21%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

France (X units), the United States (X units) and Sweden (X units) were the main destinations of non-combined refrigerator-freezer exports from Italy, with a combined 36% share of total exports.

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 +35.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-combined refrigerator-freezer exported from Italy were the United States ($X), France ($X) and Sweden ($X), together accounting for 38% of total exports.

The United States, with a CAGR of +31.5%, saw the highest growth rate of the value of exports, among 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 non-combined refrigerator-freezer export price amounted to $X per unit, growing by 1.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2021 an increase of 19% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Morocco ($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 Russia (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Italy

In 2022, supplies from abroad of household refrigerators and freezers (not combined) decreased by -26% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a mild descent. The growth pace was the most rapid in 2020 when imports increased by 14%. Over the period under review, imports reached the peak figure at X units in 2021, and then shrank significantly in the following year.

In value terms, non-combined refrigerator-freezer imports fell significantly to $X in 2022. Overall, imports showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-combined refrigerator-freezer supplier to Italy, accounting for a 51% share of total imports. Moreover, non-combined refrigerator-freezer imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. Romania (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+0.6% per year) and Romania (+21.5% per year).

In value terms, China ($X), Turkey ($X) and Romania ($X) constituted the largest non-combined refrigerator-freezer suppliers to Italy, with a combined 70% share of total imports.

In terms of the main suppliers, Romania, with a CAGR of +23.2%, recorded 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

In 2022, the average non-combined refrigerator-freezer import price amounted to $X per unit, growing by 4.5% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of 13%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 Germany ($X per unit), while the price for China ($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 (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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