The export value of refrigerating or freezing furniture from China is forecasted to grow from 1.448 billion USD in 2024 to 1.6633 billion USD in 2028. The actual export value stood at 1.395 billion USD in 2023, marking a steady annual increase. Year-on-year, the export values are forecasted to grow by approximately 3.83% in 2025, 3.61% in 2026, 3.41% in 2027, and 3.24% in 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is around 3.60%.
Future Trends to Watch For:
- Increased global demand for energy-efficient and technologically advanced refrigerating units.
- Rising production capacities and technological improvements in China's manufacturing sector.
- Potential impacts of trade policies and tariffs affecting export growth.
- Shifts in global supply chains and diversification of markets that could affect export volumes.