China's forecasted import of upright freezers not exceeding 900 litres shows a steady decline from 2024 to 2028. In 2023, the import value was higher, setting the stage for a downward year-on-year trend. From 2024 to 2025, there's an expected decrease, followed by continuous reductions each year until 2028, indicating a persistent decline over the forecast period. The compounded annual growth rate (CAGR) shows an average yearly decrease in imports, emphasizing a consistent shrinking market for upright freezers.
Future trends to watch for include:
- Potential changes in consumer preferences towards more energy-efficient or multifunctional appliances.
- Market pressures from domestic Chinese manufacturers potentially leading to decreased import reliance.
- Economic factors impacting household expenditure on durable goods.
