China is the world’s leading producer and exporter of refrigerators. According to CRI’s analysis, in 2021, China exported 24,755,300 units of refrigerators (Refrigerator-freezer combination machines, each equipped with a separate external door or drawer, or a combination thereof, referred to as “refrigerators”), up 5.83% year-on-year, with an export value of US$5.751 billion, up 29.60% year-on-year. From January to October 2022, China exported 15,917,800 units of refrigerators, down 23.95% year-on-year, with an export value of US$3,698 million, down 22.90% year-on-year.

In 2021, China exported refrigerators to more than one hundred and ninety countries and regions around the world. CRI analysis, by export volume, the United States, Japan, the United Kingdom, France, Italy, Spain, Germany, South Korea, Chile and Belgium are the main destinations for China’s refrigerator exports. Among them, the U.S. is the largest destination for China’s refrigerator exports. 2021, China exported 3,562,700 units of refrigerators to the U.S., accounting for 14.39% of the total refrigerator exports in that year, and the export value of US$943 million, accounting for 16.40% of the total export value.

China is the world’s leading producer and exporter of household appliances, and Chinese-made refrigerators have a cost advantage and are more competitive in the international market. CRI expects that China’s refrigerator exports are expected to continue to grow from 2023-2032.

Topics covered:

• China’s Refrigerator Export Status and Major Sources in 2018-2022 
• What is the Impact of COVID-19 on China’s Refrigerator Export?
• Which Companies are the Major Players in China’s Refrigerator Export Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in China’s Refrigerator Export
• What are the Key Drivers, Challenges, and Opportunities for China’s Refrigerator Export during 2023-2032?
• What is the Expected Revenue of China’s Refrigerator Export during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in China’s Refrigerator Export Market?
• Which Segment of China’s Refrigerator Export is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing China’s Refrigerator Export?

Table of Contents

1. 2018-2022 China’s Refrigerator Export Analysis

1.1. China’s Refrigerator Export Scale

1.1.1. China’s Refrigerator Export Volume

1.1.2. China’s Refrigerator Export Value

1.1.3. China’s Refrigerator Export Price

1.2 China’s Main Export Destinations of Refrigerators

1.2.1. By Export Volume

1.2.2. By Export Value

2. 2018-2022 China Single-door Refrigerator Export Analysis

2.1 Single-door Refrigerator Export Volume

2.2. Single-door Refrigerator Export Value

2.3 Single-door Refrigerator Export Price

2.4 Single-door Refrigerator Export Destination

2.4.1. By Export Volume

2.4.2. By Export Value

3. 2018-2022 China Double-door Refrigerator Export Analysis

3.1. Export Volume of Double-door Refrigerator

3.2. Export Value of Double-door Refrigerator

3.3. Export Price of Double-door Refrigerator

3.4 Export Destinations of Double-door Refrigerator

3.4.1. By Export Volume

3.4.2. By Export Value

4. 2018-2022 China Three-door Refrigerator Export Analysis

4.1. Export Volume of Three-door Refrigerator

4.2. Export Value of Three-door Refrigerator

4.3. Export Price of Three-door Refrigerator

4.4 Export Destinations of Three-door Refrigerator

4.4.1. By Export Volume

4.4.2. By Export Value

5. 2018-2022 China Four-door Refrigerator Export Analysis

5.1. Export Volume of Four-door Refrigerator

5.2. Export Value of Four-door Refrigerator

5.3. Export Price of Four-door Refrigerator

5.4 Export Destinations of Four-door Refrigerator

5.4.1. By Export Volume

5.4.2. By Export Value

6. 2018-2022 China Refrigerator Major Export Destinations Analysis

6.1. United States

6.2. Japan

6.3. United Kingdom

6.4. France

6.5. Italy

6.6. Other Export Destinations

7. China’s Export Outlook for Refrigerators, 2023-2032

7.1 Factors Affecting China’s Refrigerator Exports

7.1.1 Favorable Factors

7.1.2. Unfavorable Factors

7.2. China’s Refrigerator Export Forecast, 2023-2032

7.2.1 Export Volume Forecast

7.2.2. Major Export Destinations Forecast

7.2.3. Major Export Refrigerator Types Forecast

The post Research Report on China’s Refrigerator Export 2023-2032 first appeared on CRI Report.

The consumer goods market in India is one of the largest in the world. According to a World Economic Forum report published in 2019, it is expected to become the third-largest consumer market by 2025, after the US and China. The demand for refrigerator is likely to pick up in the coming years, especially in rural areas, as the government plans to invest heavily in rural electrification

Increase in disposable income and easy financing schemes have boosted the sale of refrigerators, propelling market growth. Rapid urbanization and changes in lifestyle have influenced consumers to buy smart refrigerators. A majority of the sale is generated through the urban cohort. Production of refrigerators for domestic use increased from 23 lakh in Q3 FY 2020 to 28.1 lakh in Q3 FY 2021, with a 22% year-on-year growth.

Market influencers:
Technology has advanced so much in recent years that customers can now use refrigerators even during power cuts. They can check what is inside the fridge without opening the door, convert the freezer into a refrigerator unit, control temperature, and change modes. This has made consumers interested in refrigerators
The government has imposed some rules on manufacturing companies for energy consumption labels (star labeling) and use of Hydrofluorocarbon (HFC) refrigerants instead of Hydro-chloro-fluoro Carbon (HCFC).

Impact of COVID-19:
Manufacturing industries faced a shortage of raw materials and components required to produce refrigerators, during the initial phase of the lockdown. This was because of the restrictions imposed on exports from China. Laborers migrating to their hometowns during the lockdown disrupted the supply chain. Therefore, the lack of manpower impacted the transportation of consumer goods.
Despite, a serious economic plunge, the domestic refrigerator Market has adopted new strategies and development skills to recover.

Competitive insights:
The presence of several players across the globe makes the market fragmented. Manufacturers are focused on developing energy-efficient products and engaged in promotional activities to attract consumers and gain a strong foothold. Although, company are focusing on developing spacious and customizable interior and usage of LED bulbs for brighter lighting which can save energy.

Related Reports: A-Share Listed Household Appliances (Refrigerator, Air-conditioner and Washing Machine) Companies – Profiles and Financial Data

The post Refrigerator Market in India 2021 first appeared on CRI Report.