EU: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in the EU

In 2022, the EU refrigerator and freezer market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Refrigerator And Freezer Production in the EU

In value terms, refrigerator and freezer production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Refrigerator And Freezer Exports

Exports in the EU

In 2022, after two years of growth, there was significant decline in overseas shipments of refrigerators and freezers, when their volume decreased by X% to X units. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then fell dramatically in the following year.

In value terms, refrigerator and freezer exports dropped to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank modestly in the following year.

Exports by Country

The biggest shipments were from Italy (X units), Poland (X units), Romania (X units) and Germany (X units), together accounting for X% of total export. The Netherlands (X units) ranks next in terms of the total exports with a X% share, followed by Bulgaria (X%) and Hungary (X%). Sweden (X units), Belgium (X units), Denmark (X units), Slovakia (X units), Spain (X units) and the Czech Republic (X units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Slovakia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest refrigerator and freezer supplying countries in the European Union were Poland ($X), Germany ($X) and Italy ($X), together comprising X% of total exports. Romania, the Netherlands, Bulgaria, Sweden, Hungary, Denmark, Belgium, Slovakia, Spain and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Poland ($X per unit), while Romania ($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 other leaders experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports in the EU

After six years of growth, supplies from abroad of refrigerators and freezers decreased by X% to X units in 2022. Total imports indicated a slight increase 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 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then dropped sharply in the following year.

In value terms, refrigerator and freezer imports fell to $X in 2022. Total imports indicated a moderate 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 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Germany (X units) and France (X units) represented roughly X% of total imports in 2022. The Netherlands (X units) held the next position in the ranking, followed by Italy (X units), Spain (X units), Belgium (X units) and Sweden (X units). All these countries together held near X% share of total imports. The following importers - Poland (X units), the Czech Republic (X units), Austria (X units), Greece (X units), Portugal (X units) and Denmark (X units) - together made up X% of total imports.

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

In value terms, the largest refrigerator and freezer importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), together comprising X% of total imports. Italy, Spain, Sweden, Poland, Belgium, Austria, the Czech Republic, Greece, Denmark and Portugal lagged somewhat behind, together accounting for a further X%.

Greece, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, jumping by X% against the previous year. Over the period from 2012 to 2022, 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 Poland ($X per unit), while Belgium ($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 other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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