Japan: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Japan

The Japanese non-combined refrigerator-freezer market was estimated at $X in 2022, surging by 8.8% against the previous year. Over the period under review, consumption, however, recorded a pronounced curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Combined Refrigerator-Freezer Production in Japan

In value terms, non-combined refrigerator-freezer production reached $X in 2022 estimated in export price. Overall, production, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 43% against the previous year. Non-combined refrigerator-freezer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports from Japan

In 2022, shipments abroad of household refrigerators and freezers (not combined) increased by 0.3% to X units, rising for the second year in a row after four years of decline. In general, total exports indicated a buoyant expansion 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, exports increased by +54.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 55%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-combined refrigerator-freezer exports dropped to $X in 2022. Overall, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +44.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

The Netherlands (X units), the United States (X units) and Taiwan (Chinese) (X units) were the main destinations of non-combined refrigerator-freezer exports from Japan, together comprising 80% 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 +35.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-combined refrigerator-freezer exported from Japan were the Netherlands ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 79% share of total exports.

The United States, with a CAGR of +22.4%, recorded the highest rates of growth with regard to 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, waning by -6.3% against the previous year. Over the period under review, the export price continues to indicate a slight setback. The growth pace was the most rapid in 2017 an increase of 52%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to the United States ($X per unit) and the Netherlands ($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 Taiwan (Chinese) (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Japan

In 2022, imports of household refrigerators and freezers (not combined) into Japan rose to X units, increasing by 4% against 2021 figures. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 32% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, non-combined refrigerator-freezer imports rose notably to $X in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +86.6% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-combined refrigerator-freezer to Japan, accounting for a 71% share of total imports. Moreover, non-combined refrigerator-freezer imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), sevenfold. Denmark (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-4.9% per year) and Denmark (+11.5% per year).

In value terms, China ($X) constituted the largest supplier of household refrigerators and freezers (not combined) to Japan, comprising 70% of total imports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total imports. It was followed by Indonesia, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-2.5% per year) and Indonesia (+12.5% per year).

Import Prices by Country

The average non-combined refrigerator-freezer import price stood at $X per unit in 2022, with an increase of 8.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2021 an increase of 8.5% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 Thailand ($X per unit), while the price for Denmark ($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 (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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