Spain: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Spain

The Spanish non-combined refrigerator-freezer market expanded rapidly to $X in 2022, increasing by 11% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.6% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Non-Combined Refrigerator-Freezer Production in Spain

In value terms, non-combined refrigerator-freezer production surged to $X in 2022 estimated in export price. Overall, production continues to indicate significant growth. The growth pace was the most rapid in 2013 when the production volume increased by 683%. Non-combined refrigerator-freezer production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports from Spain

After two years of growth, shipments abroad of household refrigerators and freezers (not combined) decreased by -14.7% to X units in 2022. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 37% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then contracted in the following year.

In value terms, non-combined refrigerator-freezer exports reached $X in 2022. In general, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +34.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 36%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Portugal (X units), France (X units) and Germany (X units) were the main destinations of non-combined refrigerator-freezer exports from Spain, with a combined 41% share of total exports. China, Morocco, Sweden, Italy, Austria, the Netherlands, Mexico, Cuba, the Dominican Republic and Poland lagged somewhat behind, together accounting for 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 China (with a CAGR of +65.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-combined refrigerator-freezer exported from Spain were Portugal ($X), Germany ($X) and China ($X), together comprising 52% of total exports.

In terms of the main countries of destination, China, with a CAGR of +72.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-combined refrigerator-freezer export price amounted to $X per unit, with an increase of 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2014 an increase of 24%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Dominican Republic ($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 Netherlands (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Spain

In 2022, the amount of household refrigerators and freezers (not combined) imported into Spain shrank to X units, falling by -9.8% compared with 2021 figures. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-combined refrigerator-freezer imports fell to $X in 2022. Overall, imports showed a mild downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-combined refrigerator-freezer supplier to Spain, accounting for a 44% share of total imports. Moreover, non-combined refrigerator-freezer imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was taken by Italy (X units), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-4.4% per year) and Italy (+2.3% per year).

In value terms, China ($X) constituted the largest supplier of household refrigerators and freezers (not combined) to Spain, comprising 32% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Turkey, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.7% per year) and Turkey (-5.8% per year).

Import Prices by Country

In 2022, the average non-combined refrigerator-freezer import price amounted to $X per unit, growing by 3.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 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 (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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