Refrigerator and Freezer Market Overview in the Czech Republic
In value terms, refrigerator and freezer production fell significantly to $ in 2019 estimated in export prices. Overall, production continues to indicate a abrupt setback. The growth pace was the most rapid in 2011 when the production volume increased by % against the previous year. Over the period under review, production reached the peak level at $ in 2007; however, from 2008 to 2019, production remained at a lower figure.
The revenue of the refrigerator and freezer market in the Czech Republic contracted to $ in 2019, which is down 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, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the market value increased by % year-to-year. Over the period under review, the market reached the maximum level at $ in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.
From 2007 to 2018, the biggest increases were in combined refrigerator-freezer.
In value terms, combined refrigerators-freezers ($) and household refrigerators and freezers (not combined) ($) were the products with the highest levels of market value in 2018.
In terms of the main consumed products, combined refrigerator-freezer recorded the highest rates of growth with regard to market size, over the period under review.