Indonesia: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in Indonesia

The Indonesian combined refrigerator-freezer market was estimated at $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Combined Refrigerator-Freezer Production in Indonesia

In value terms, combined refrigerator-freezer production reached $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 2020 when the production volume increased by X% against the previous year. Combined refrigerator-freezer production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Combined Refrigerator-Freezer Exports

Exports from Indonesia

Combined refrigerator-freezer exports from Indonesia rose to X units in 2022, growing by X% compared with 2021 figures. Overall, exports saw slight growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, combined refrigerator-freezer exports contracted to $X in 2022. In general, exports saw 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, and then reduced in the following year.

Exports by Country

Vietnam (X units), South Korea (X units) and Japan (X units) were the main destinations of combined refrigerator-freezer exports from Indonesia, together accounting for X% of total exports. Thailand, the Philippines, the United States, Australia, the United Arab Emirates, Malaysia, Taiwan (Chinese), India, Saudi Arabia and Egypt lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for combined refrigerator-freezer exported from Indonesia were Vietnam ($X), South Korea ($X) and Japan ($X), with a combined X% share of total exports. Thailand, the Philippines, the United States, Australia, the United Arab Emirates, Malaysia, Taiwan (Chinese), India, Saudi Arabia and Egypt lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, India, with a CAGR of X%, recorded the highest rates of growth with regard to 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 combined refrigerator-freezer export price stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Egypt ($X per unit) and the United States ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced a decline.

Combined Refrigerator-Freezer Imports

Imports into Indonesia

In 2022, supplies from abroad of combined refrigerators-freezers decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2021, and then contracted modestly in the following year.

In value terms, combined refrigerator-freezer imports totaled $X in 2022. Over the period under review, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Thailand (X units) and Vietnam (X units) were the main suppliers of combined refrigerator-freezer imports to Indonesia, together comprising 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 Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Vietnam ($X) appeared to be the largest combined refrigerator-freezer suppliers to Indonesia, together comprising X% of total imports.

Among the main suppliers, Vietnam, with a CAGR of X%, saw 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 combined refrigerator-freezer import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price recorded a modest increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per unit) and Thailand ($X per unit), while the price for Vietnam ($X per unit) and China ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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