Global Refrigerator And Freezer Market 2025

Refrigerator And Freezer Market Size

In 2022, the global refrigerator and freezer market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the global market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Refrigerator And Freezer Production

In value terms, refrigerator and freezer production shrank modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Refrigerator And Freezer Exports

Exports

In 2022, overseas shipments of refrigerators and freezers decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, total exports indicated a noticeable expansion 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 pace of growth appeared the most rapid in 2020 when exports increased by X%. The global exports peaked at X units in 2021, and then declined markedly in the following year.

In value terms, refrigerator and freezer exports fell to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

China was the major exporter of refrigerators and freezers in the world, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. Thailand (X units) ranks second in terms of the total exports with a X% share, followed by Turkey (X%), Mexico (X%) and South Korea (X%). Poland (X units), Germany (X units), Romania (X units) and Italy (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Romania (X%), Thailand (X%), Poland (X%), Mexico (X%), South Korea (X%), Turkey (X%) and Italy (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Thailand increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Mexico ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Thailand, Turkey, Poland, Germany, Italy and Romania lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The global export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports

In 2022, after six years of growth, there was significant decline in supplies from abroad of refrigerators and freezers, when their volume decreased by X% to X units. Overall, total imports indicated a mild expansion 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 most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, global imports reached the peak figure at X units in 2021, and then dropped remarkably in the following year.

In value terms, refrigerator and freezer imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

The United States represented the key importing country with an import of about X units, which amounted to X% of total imports. Germany (X units) took the second position in the ranking, followed by France (X units) and the UK (X units). All these countries together held near X% share of total imports. Japan (X units), the Netherlands (X units), Italy (X units), Russia (X units), Spain (X units), Canada (X units), Australia (X units), the United Arab Emirates (X units) and Sweden (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), Sweden (X%), Australia (X%), the Netherlands (X%), Germany (X%), Italy (X%), Spain (X%), Canada (X%), the UK (X%), Russia (X%) and Japan (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. France experienced a relatively flat trend pattern. The United States (X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported refrigerators and freezers worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

In the United States, refrigerator and freezer imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Japan (X% per year).

Import Prices by Country

The average refrigerator and freezer import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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