India: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in India

The Indian non-combined refrigerator-freezer market amounted to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2018; afterwards, it flattened through to 2022.

Non-Combined Refrigerator-Freezer Production in India

In value terms, non-combined refrigerator-freezer production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports from India

In 2022, non-combined refrigerator-freezer exports from India reduced remarkably to X units, with a decrease of X% compared with the previous year. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-combined refrigerator-freezer exports reduced to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nepal (X units) was the main destination for non-combined refrigerator-freezer exports from India, accounting for a X% share of total exports. Moreover, non-combined refrigerator-freezer exports to Nepal exceeded the volume sent to the second major destination, Nigeria (X units), sevenfold. The third position in this ranking was taken by the United Arab Emirates (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Nepal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and the United Arab Emirates (X% per year).

In value terms, Nepal ($X) remains the key foreign market for household refrigerators and freezers (not combined) exports from India, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nepal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Nigeria (X% per year).

Export Prices by Country

The average non-combined refrigerator-freezer export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced slump. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Morocco ($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 Sri Lanka (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into India

In 2022, the amount of household refrigerators and freezers (not combined) imported into India rose sharply to X units, picking up by X% compared with 2021 figures. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, non-combined refrigerator-freezer imports shrank to $X in 2022. Over the period under review, imports recorded a strong increase. 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 reduced in the following year.

Imports by Country

Indonesia (X units), China (X units) and Bangladesh (X units) were the main suppliers of non-combined refrigerator-freezer imports to India, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Bangladesh ($X) were the largest non-combined refrigerator-freezer suppliers to India, together comprising X% of total imports.

Among the main suppliers, Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 non-combined refrigerator-freezer import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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