Romania: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in Romania

In 2022, the Romanian combined refrigerator-freezer market decreased by -60% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption recorded a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Combined Refrigerator-Freezer Production in Romania

In value terms, combined refrigerator-freezer production shrank to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by 8.2%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Combined Refrigerator-Freezer Exports

Exports from Romania

Combined refrigerator-freezer exports from Romania skyrocketed to X units in 2022, rising by 16% compared with 2021 figures. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.8% 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 +45.6% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 30% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, combined refrigerator-freezer exports soared to $X in 2022. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 43%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Italy (X units), the UK (X units) and Poland (X units) were the main destinations of combined refrigerator-freezer exports from Romania, together accounting for 42% of total exports. France, Spain, Germany, Ukraine, Bulgaria, Serbia, Morocco, the Czech Republic, Hungary and Greece lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +82.3%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the UK ($X) and Poland ($X) constituted the largest markets for combined refrigerator-freezer exported from Romania worldwide, with a combined 42% share of total exports. France, Spain, Bulgaria, Germany, Ukraine, the Czech Republic, Serbia, Hungary, Morocco and Greece lagged somewhat behind, together comprising a further 41%.

Morocco, with a CAGR of +80.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average combined refrigerator-freezer export price stood at $X per unit in 2022, growing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2021 when the average export price increased by 14%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Morocco ($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 Poland (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Combined Refrigerator-Freezer Imports

Imports into Romania

In 2022, after three years of growth, there was significant decline in supplies from abroad of combined refrigerators-freezers, when their volume decreased by -15.5% to X units. In general, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 43% against the previous year. Imports peaked at X units in 2021, and then shrank rapidly in the following year.

In value terms, combined refrigerator-freezer imports reduced rapidly to $X in 2022. Overall, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 43% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of combined refrigerator-freezer to Romania, accounting for a 43% share of total imports. Moreover, combined refrigerator-freezer imports from Turkey exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was taken by China (X units), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +28.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+3.6% per year) and China (+10.7% per year).

In value terms, the largest combined refrigerator-freezer suppliers to Romania were Turkey ($X), Poland ($X) and China ($X), together comprising 75% of total imports. Serbia, Thailand, Italy, Germany and Hungary lagged somewhat behind, together comprising a further 19%.

Serbia, with a CAGR of +57.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average combined refrigerator-freezer import price stood at $X per unit in 2022, shrinking by -7.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 14%. As a result, import price reached the peak level of $X per unit, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Turkey ($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 (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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