U.S. - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCombined Refrigerator-Freezer Price in the United States - 2023
Contents:
- Combined Refrigerator-Freezer Price in the United States (CIF) - 2023
- Combined Refrigerator-Freezer Price in the United States (FOB) - 2023
- Combined Refrigerator-Freezer Imports in the United States
- Combined Refrigerator-Freezer Exports in the United States
Combined Refrigerator-Freezer Price in the United States (CIF) - 2023
In August 2023, the average combined refrigerator-freezer import price amounted to $644 per unit, reducing by -3.3% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 12% m-o-m. Over the period under review, average import prices reached the peak figure at $685 per unit in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($1,328 per unit), while the price for China ($222 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Thailand (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Combined Refrigerator-Freezer Price in the United States (FOB) - 2023
The average combined refrigerator-freezer export price stood at $885 per unit in August 2023, falling by -19.9% against the previous month. Over the period under review, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 27% month-to-month. As a result, the export price reached the peak level of $2,530 per unit. From December 2022 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($2,546 per unit), while the average price for exports to Brazil ($271 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.1%), while the prices for the other major destinations experienced a decline.
Combined Refrigerator-Freezer Imports in the United States
After three years of growth, overseas purchases of combined refrigerators-freezers decreased by -8.8% to 12M units in 2022. The total import volume increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 23%. Over the period under review, imports hit record highs at 14M units in 2021, and then declined in the following year.
In value terms, combined refrigerator-freezer imports expanded modestly to $7.4B in 2022. The total import value increased at an average annual rate of +11.9% over the period from 2019 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 when imports increased by 29% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Combined Refrigerator-Freezer in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 3.2 | 3.0 | 3.4 | 4.1 | 8.6% |
| South Korea | 1.2 | 1.4 | 2.0 | 2.0 | 18.6% |
| China | 0.5 | 0.7 | 1.1 | 0.9 | 21.6% |
| Thailand | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Others | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 5.3 | 5.5 | 7.1 | 7.4 | 11.8% |
Top Suppliers of Combined Refrigerator-Freezer to the United States in 2022:
- Mexico (6.1M units)
- China (3.4M units)
- South Korea (1.6M units)
- Thailand (0.9M units)
Combined Refrigerator-Freezer Exports in the United States
In 2022, the amount of combined refrigerators-freezers exported from the United States dropped sharply to 103K units, reducing by -38.6% compared with the year before. In general, exports saw a dramatic decrease. The smallest decline of -26.3% was in 2021. The exports peaked at 343K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, combined refrigerator-freezer exports surged to $191M in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Combined Refrigerator-Freezer in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 117 | 115 | 104 | 119 | 0.6% |
| Mexico | 10.5 | 9.1 | 6.9 | 12.4 | 5.7% |
| United Kingdom | 6.5 | 4.1 | 4.9 | 6.1 | -2.1% |
| Australia | 6.4 | 4.9 | 5.3 | 5.5 | -4.9% |
| South Korea | 2.0 | 2.1 | 4.0 | 3.5 | 20.5% |
| Hong Kong SAR | 0.8 | 1.3 | 1.0 | 3.3 | 60.4% |
| Dominican Republic | 3.6 | 2.0 | 2.9 | 3.1 | -4.9% |
| Turks and Caicos Islands | 0.3 | 0.2 | 1.0 | 1.6 | 74.7% |
| Others | 31.3 | 23.8 | 34.5 | 36.8 | 5.5% |
| Total | 179 | 162 | 165 | 191 | 2.2% |
Top Export Markets for Combined Refrigerator-Freezer from the United States in 2022:
- Canada (69.4K units)
- Mexico (4.7K units)
- United Kingdom (3.3K units)
- Australia (2.7K units)
- South Korea (1.8K units)
- Dominican Republic (1.7K units)
- Hong Kong SAR (1.7K units)
- Turks and Caicos Islands (1.6K units)
This report provides an in-depth analysis of the combined refrigerator-freezer market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27511110 - Combined refrigerators-freezers, with separate external doors
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Imports of Refrigerator and Freezer reached $730M in July 2023.
354
In July 2022, the average domestic appliances import price amounted to $39 per unit, with a decrease of -4.1% against the previous month.
313
In June 2022, the average heat pump export price amounted to $6,590 per unit, which is down by -17.8% against the previous month
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The global refrigerator and freezer market revenue amounted to $72.8B in 2017, picking up by 19% against the previous year...
3264
In 2016, the amount of refrigerator imported worldwide totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over t...
1062
In 2016, the amount of refrigerator imported worldwide totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over t...
1884
Mexico edged ahead of China in the global refrigerator and freezer trade with $X in total sales. In 2014, these two countries were the main global suppliers of refrigerators and freezers with a combined share of X% of global exports. Mexico's mai
1207
In 2013, China (X million units) and the Republic of Korea (X million units) were the main exporters of combined refrigerators and freezers in the world, together comprising X% of global exports.
