Key Market Indicators
Household refrigerators exported from Montenegro are expected to reach $56 million by 2026, down slightly from $60 million in 2021. Since 2011, exports have declined by 3% each year on average. In 2021, the country ranked 82nd in the world, with Uganda ahead at $60 million. Italy, Austria and Mexico took the 2nd, 3rd and 4th spots respectively. Household refrigerators imported to Montenegro are predicted to reach $6.9 million by 2026, up 1.6% year-on-year. Since 2011, demand has increased by 12.3% annually. In 2021, Montenegro was 86th in the global rankings, with Nicaragua ahead at $6.3 million. Germany, France and the UK took the 2nd, 3rd and 4th places respectively.
