Pakistan: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in Pakistan

The Pakistani combined refrigerator-freezer market amounted to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Combined Refrigerator-Freezer Production in Pakistan

In value terms, combined refrigerator-freezer production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 47%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Combined Refrigerator-Freezer Exports

Exports from Pakistan

Combined refrigerator-freezer exports from Pakistan dropped sharply to X units in 2022, which is down by -24% compared with the year before. Overall, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 269% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, combined refrigerator-freezer exports contracted to $X in 2022. Over the period under review, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 590%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X units) was the main destination for combined refrigerator-freezer exports from Pakistan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Afghanistan amounted to -21.2%.

In value terms, Afghanistan ($X) also remains the key foreign market for combined refrigerators-freezers exports from Pakistan.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan totaled -16.9%.

Export Prices by Country

In 2022, the average combined refrigerator-freezer export price amounted to $X per unit, increasing by 14% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price 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, combined refrigerator-freezer export price decreased by -32.9% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 87%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Afghanistan.

From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to +5.5% per year.

Combined Refrigerator-Freezer Imports

Imports into Pakistan

In 2022, overseas purchases of combined refrigerators-freezers decreased by -44.2% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 172% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, combined refrigerator-freezer imports fell remarkably to $X in 2022. In general, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 204% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Thailand (X units) were the main suppliers of combined refrigerator-freezer imports to Pakistan, with a combined 90% share of total imports. Denmark, Vietnam and Indonesia lagged somewhat behind, together comprising a further 6.9%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +81.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United Arab Emirates ($X) and Thailand ($X) constituted the largest combined refrigerator-freezer suppliers to Pakistan, with a combined 90% share of total imports. Denmark, Vietnam and Indonesia lagged somewhat behind, together comprising a further 6.8%.

Vietnam, with a CAGR of +92.7%, recorded the highest growth rate of the value of imports, among the main suppliers 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, surging by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced slump. The growth pace was the most rapid in 2019 an increase of 36% 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.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($X per unit) and Thailand ($X per unit), while the price for Denmark ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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