Refrigerators: household, electric or not, other than compression or absorption-type

In 2024, refrigerators: household, electric or not, other than compression or absorption-type trade exhibited significant decline, with global flows reaching $505,600,391 and a three-year compound annual growth rate of -4.7% (five-year: -2.1%). The all-time peak of $918,094,922 was recorded in 2013; the current level is 45% below that high-water mark.

Over the 30-year observation window (1995–2024), 48% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is steady (-1.8% acceleration).

The World Trade Flows Characterization classifies refrigerators: household, electric or not, other than compression or absorption-type as "One-way trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.260). The three largest exporters — China ($248.4M), Netherlands ($48.0M), and Germany ($26.0M) — collectively dominate supply flows. The leading exporter has grown at -2.0% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.040). The three largest import markets are United States ($57.3M), Germany ($53.4M), and United Kingdom ($36.7M). The largest importing market sources from 38 different supplying countries.

Estimated substitution elasticity: -1.96. Buyers tend to remain with established suppliers even when price differences exist.

The dominant trade corridor is China → United States at $49.3M, representing 86.0% of the importer's total demand.

The volatility score for refrigerators: household, electric or not, other than compression or absorption-type is 5 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.