Refrigerator and Freezer Market Overview in the Czech Republic
In value terms, refrigerator and freezer production declined markedly to $ in 2019 estimated in export prices. Overall, production continues to indicate a deep slump. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Refrigerator and freezer production peaked 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 declined to $ in 2019, waning 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). In general, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of % year-to-year. Refrigerator and freezer consumption peaked at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.
From 2007 to 2018, the most notable rate of growth in terms of refrigerator and freezer consumption, amongst the key consumed products, was attained by combined refrigerator-freezer.
In value terms, combined refrigerators-freezers ($) and household refrigerators and freezers (not combined) ($) appeared to be the products with the highest levels of market value in 2018.
Among the main consumed products, combined refrigerator-freezer recorded the highest growth rate of market size, over the period under review.