Portugal: Refrigerator And Freezer Market 2025

Refrigerator And Freezer Market Size in Portugal

The Portuguese refrigerator and freezer market fell notably to $X in 2022, declining by X% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then declined notably in the following year.

Refrigerator And Freezer Production in Portugal

In value terms, refrigerator and freezer production declined remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Refrigerator and freezer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Refrigerator And Freezer Exports

Exports from Portugal

In 2022, shipments abroad of refrigerators and freezers increased by X% to X units, rising for the third year in a row after two years of decline. Overall, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, refrigerator and freezer exports stood at $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X units), Morocco (X units) and Italy (X units) were the main destinations of refrigerator and freezer exports from Portugal, with a combined X% share of total exports.

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

In value terms, Spain ($X) remains the key foreign market for refrigerators and freezers exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by Colombia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Morocco ($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 the UK (X%), while the prices for the other major destinations experienced a decline.

Refrigerator And Freezer Imports

Imports into Portugal

In 2022, overseas purchases of refrigerators and freezers decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2021, and then contracted dramatically in the following year.

In value terms, refrigerator and freezer imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of refrigerator and freezer to Portugal, with a X% share of total imports. Moreover, refrigerator and freezer imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. Turkey (X units) ranked third in terms of total imports with an X% share.

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

In value terms, China ($X), Spain ($X) and Poland ($X) appeared to be the largest refrigerator and freezer suppliers to Portugal, with a combined X% share of total imports. Turkey, Italy, France and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, France, with a CAGR of X%, 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 refrigerator and freezer import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 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 Poland ($X per unit), while the price for the Netherlands ($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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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