Turkey: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Turkey

The Turkish non-combined refrigerator-freezer market shrank to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, posted a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Non-Combined Refrigerator-Freezer Production in Turkey

In value terms, non-combined refrigerator-freezer production reduced dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Non-combined refrigerator-freezer production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Non-Combined Refrigerator-Freezer Exports

Exports from Turkey

In 2022, shipments abroad of household refrigerators and freezers (not combined) decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports showed a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-combined refrigerator-freezer exports shrank to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

The UK (X units), Germany (X units) and France (X units) were the main destinations of non-combined refrigerator-freezer exports from Turkey, with a combined X% share of total exports. Italy, Sweden, Spain, Israel, Iraq, Egypt, the Netherlands, Poland, Belgium and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for non-combined refrigerator-freezer exported from Turkey were the United States ($X), Germany ($X) and the UK ($X), with a combined X% share of total exports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-combined refrigerator-freezer export price stood at $X per unit in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Turkey

Non-combined refrigerator-freezer imports into Turkey reduced rapidly to X units in 2022, which is down by X% on 2021. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-combined refrigerator-freezer imports dropped significantly to $X in 2022. Overall, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Romania (X units), China (X units) and Germany (X units) were the main suppliers of non-combined refrigerator-freezer imports to Turkey, together comprising X% of total imports. Poland, Italy and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest non-combined refrigerator-freezer suppliers to Turkey were Romania ($X), China ($X) and Germany ($X), with a combined X% share of total imports. Italy, Poland and Hungary lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average non-combined refrigerator-freezer import price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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