The forecast for the sold production of household refrigerators and freezers in Finland shows significant fluctuations over the past decade. Between 2013 and 2023, the market peaked in 2015 and saw a steep decline from 2022 onwards. The value stood at 2.1437 million Euros in 2023, marking a year-on-year decrease of 10.22% and a substantial drop from the previous high values. The past five years have seen a drastic decline with a CAGR of -17.09% from 2018 to 2023.
Future trends indicate a continual decrease in production value, with forecast data suggesting a potential CAGR of -12.78% over the next five years, culminating in a near 50% drop by 2028. The market is contracting sharply, influenced possibly by external economic pressures, shifts in consumer demand, or advancements in technology.
Trends to watch for:
- Technological innovations in alternative cooling solutions
- Global economic factors affecting production costs
- Environmental regulations and consumer preferences for sustainable products
- Market consolidation and emergence of new competitors
- Impact of energy efficiency standards on production costs and demand
