Spain: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Spain

The Spanish refrigerator and freezer market shrank markedly to $X in 2022, waning by X% against the previous year. Over the period under review, the total consumption indicated a pronounced expansion 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 2020 indices. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Refrigerator And Freezer Production in Spain

In value terms, refrigerator and freezer production fell slightly to $X in 2022 estimated in export price. Overall, production, however, showed pronounced growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Refrigerator And Freezer Exports

Exports from Spain

In 2022, after two years of growth, there was decline in overseas shipments of refrigerators and freezers, when their volume decreased by X% to X units. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, refrigerator and freezer exports declined to $X in 2022. Overall, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Portugal (X units) was the main destination for refrigerator and freezer exports from Spain, accounting for a X% share of total exports. Moreover, refrigerator and freezer exports to Portugal exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by China (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and China (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Portugal totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a pronounced shrinkage. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Morocco ($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 Portugal (X%), while the prices for the other major destinations experienced mixed trend patterns.

Refrigerator And Freezer Imports

Imports into Spain

After three years of growth, overseas purchases of refrigerators and freezers decreased by X% to X units in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its volume 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. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then fell remarkably in the following year.

In value terms, refrigerator and freezer imports fell dramatically to $X in 2022. Over the period under review, total imports indicated a notable expansion 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

China (X units), Turkey (X units) and Poland (X units) were the main suppliers of refrigerator and freezer imports to Spain, with a combined X% share of total imports. Italy, Portugal, Germany, Romania and Hungary lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Turkey ($X) and Poland ($X) appeared to be the largest refrigerator and freezer suppliers to Spain, with a combined X% share of total imports.

China, with a CAGR of X%, saw 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 refrigerator and freezer import price amounted to $X per unit, growing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Hungary ($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 more modest paces of growth.

Source: IndexBox Platform

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