Northern America: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Northern America

The North American non-combined refrigerator-freezer market contracted slightly to $X in 2022, reducing by -2.7% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Non-Combined Refrigerator-Freezer Production in Northern America

In value terms, non-combined refrigerator-freezer production declined significantly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by 53%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports in Northern America

In 2022, exports of household refrigerators and freezers (not combined) in Northern America contracted to X units, with a decrease of -5.8% compared with the year before. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-combined refrigerator-freezer exports rose sharply to $X in 2022. The total export value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 55%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

The United States prevails in exports structure, finishing at X units, which was approx. 92% of total exports in 2022. It was distantly followed by Canada (X units), comprising an 8.1% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-combined refrigerator-freezer exports from the United States stood at -1.4%. At the same time, Canada (+13.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +13.3% from 2012-2022. While the share of Canada (+5.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-5.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest non-combined refrigerator-freezer supplier in Northern America, comprising 81% of total exports. The second position in the ranking was held by Canada ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, increasing by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2015 an increase of 21%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+19.1%).

Non-Combined Refrigerator-Freezer Imports

Imports in Northern America

Non-combined refrigerator-freezer imports shrank slightly to X units in 2022, stabilizing at the year before. Over the period under review, imports, however, posted a strong increase. The growth pace was the most rapid in 2020 with an increase of 94%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, non-combined refrigerator-freezer imports expanded notably to $X in 2022. In general, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X units) represented the main importer of household refrigerators and freezers (not combined), comprising 89% of total imports. It was distantly followed by Canada (X units), generating a 10% share of total imports.

The United States was also the fastest-growing in terms of the household refrigerators and freezers (not combined) imports, with a CAGR of +6.5% from 2012 to 2022. At the same time, Canada (+3.6%) displayed positive paces of growth. While the share of the United States (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-2.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported household refrigerators and freezers (not combined) in Northern America, comprising 84% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +8.7%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, growing by 9.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2021 when the import price increased by 35%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.4%).

Source: IndexBox Platform

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