Vietnam: Non-Combined Refrigerator-Freezer Market 2025

Non-Combined Refrigerator-Freezer Market Size in Vietnam

The Vietnamese non-combined refrigerator-freezer market reduced modestly to $X in 2022, with a decrease of -2.3% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Non-Combined Refrigerator-Freezer Production in Vietnam

In value terms, non-combined refrigerator-freezer production dropped modestly to $X in 2022 estimated in export price. In general, production recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 44% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports from Vietnam

In 2022, approx. X units of household refrigerators and freezers (not combined) were exported from Vietnam; surging by 2.4% against the previous year's figure. Overall, exports recorded a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by 79%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-combined refrigerator-freezer exports rose remarkably to $X in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2017 when exports increased by 77%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X units), the United Arab Emirates (X units) and the Philippines (X units) were the main destinations of non-combined refrigerator-freezer exports from Vietnam, with a combined 41% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +135.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-combined refrigerator-freezer exported from Vietnam were Sweden ($X), the United Arab Emirates ($X) and the United States ($X), together accounting for 41% of total exports.

Among the main countries of destination, Sweden, with a CAGR of +140.3%, saw the highest growth rate of 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

The average non-combined refrigerator-freezer export price stood at $X per unit in 2022, picking up by 5.7% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-combined refrigerator-freezer export price decreased by -15.0% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 36% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Thailand ($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 South Korea (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Vietnam

In 2022, non-combined refrigerator-freezer imports into Vietnam contracted sharply to X units, which is down by -15% compared with the year before. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 128% against the previous year. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, non-combined refrigerator-freezer imports dropped sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 when imports increased by 185%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X units), China (X units) and Malaysia (X units) were the main suppliers of non-combined refrigerator-freezer imports to Vietnam, with a combined 92% share of total imports. Japan and Indonesia lagged somewhat behind, together accounting for a further 3.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +1.4%), while imports for the other leaders experienced a decline.

In value terms, Thailand ($X), China ($X) and Malaysia ($X) constituted the largest non-combined refrigerator-freezer suppliers to Vietnam, with a combined 88% share of total imports. Japan and Indonesia lagged somewhat behind, together comprising a further 4.2%.

Japan, with a CAGR of +0.6%, 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 a decline.

Import Prices by Country

The average non-combined refrigerator-freezer import price stood at $X per unit in 2022, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2013 when the average import price increased by 25% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($X per unit) and Thailand ($X per unit), while the price for Malaysia ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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