In 2023, imports of compression-type household refrigerators to China were valued at approximately 22.5 million USD. The forecast from 2024 to 2028 shows a steady increase in imports: from 23.214 million USD in 2024 to 26.525 million USD by 2028. The year-on-year increase reflects a consistent positive growth trajectory, averaging around 3.4% annually, as indicated by the forecasted compound annual growth rate (CAGR) from 2024 to 2028.
Future trends to watch for include:
- The impact of evolving consumer preferences towards energy-efficient models, potentially driving demand for advanced imported refrigerators.
- Trade policies between China and exporting countries that could affect import costs and volumes.
- Technological advancements and new product features that may influence market dynamics and imports.