Refrigerator and Freezer Market in the European Union
In value terms, refrigerator and freezer production reduced modestly to $ in estimated in export price. In general, production showed a perceptible downturn. The pace of growth appeared the most rapid in 2013 with an increase of % against the previous year. The level of production peaked at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.
The countries with the highest volumes of production in were Poland ( units), Hungary ( units) and Spain ( units), together accounting for % of total production. Romania, Italy, Bulgaria and France lagged somewhat behind, together comprising a further %.
From 2007 to , the biggest increases were in Bulgaria (with a CAGR of +%), while production for the other leaders experienced more modest paces of growth.
The size of the refrigerator and freezer market in the European Union expanded significantly to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level in and is expected to retain growth in the near future.
From 2007 to , the biggest increases were in Sweden (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.
In value terms, Germany ($) led the market, alone. The second position in the ranking was held by France ($). It was followed by Spain.
In Germany, the refrigerator and freezer market expanded at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of market growth: France (-% per year) and Spain (-% per year).
The countries with the highest levels of refrigerator and freezer per capita consumption in were Belgium ( units per person), Hungary ( units per person) and Sweden ( units per person).
From 2007 to , the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Hungary (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.
From 2007 to , the average annual rate of growth in terms of the volume of consumption of household refrigerators and freezers (not combined) amounted to -%.
In value terms, combined refrigerators-freezers ($) and household refrigerators and freezers (not combined) ($) constituted the products with the highest levels of market value in .
Among the main consumed products, combined refrigerator-freezer, with a CAGR of +%, saw the highest rates of growth with regard to market size, over the period under review.