Scandinavia: Refrigerator Or Freezer Market 2024

Refrigerator Or Freezer Market Size in Scandinavia

The Scandinavia refrigerator or freezer market declined modestly to $X in 2022, which is down by -2.5% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Refrigerator Or Freezer Production in Scandinavia

In value terms, refrigerator or freezer production reduced markedly to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt descent. The growth pace was the most rapid in 2019 when the production volume increased by 424% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refrigerator Or Freezer Exports

Exports in Scandinavia

Refrigerator or freezer exports dropped to X units in 2022, declining by -2.4% on 2021. Over the period under review, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2018 when exports increased by 63% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, refrigerator or freezer exports surged to $X in 2022. Overall, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden dominates exports structure, finishing at X units, which was near 95% of total exports in 2022. It was distantly followed by Norway (X units), creating a 5.2% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to refrigerator or freezer exports from Sweden stood at -21.7%. At the same time, Norway (+2.5%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +2.5% from 2012-2022. Norway (+4.8 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -4.7% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest refrigerator or freezer supplier in Scandinavia, comprising 65% of total exports. The second position in the ranking was held by Norway ($X), with an 8.3% share of total exports.

In Sweden, refrigerator or freezer exports contracted by an average annual rate of -23.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, rising by 26% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 37% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while Sweden totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-2.7%).

Refrigerator Or Freezer Imports

Imports in Scandinavia

In 2022, the amount of furniture designed to receive refrigerating or freezing equipment imported in Scandinavia dropped slightly to X units, therefore, remained relatively stable against the previous year. In general, imports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by 180% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, refrigerator or freezer imports declined to $X in 2022. Overall, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 163%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Finland (X units) and Norway (X units) dominates imports structure, together committing 93% of total imports. It was distantly followed by Sweden (X units), committing a 7% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of +61.7%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Finland ($X), Norway ($X) and Sweden ($X) constituted the countries with the highest levels of imports in 2022.

Among the main importing countries, Finland, with a CAGR of +42.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, waning by -2.7% against the previous year. Over the period under review, the import price showed a mild setback. The most prominent rate of growth was recorded in 2017 an increase of 16%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform