In 2023, the import of household refrigerators and freezers to the UK stood at 5 million items. The forecast for 2024 shows an import volume of 5.1482 million items, marking a year-on-year increase of 2.96%. This trend continues over the next few years, with imports projected to reach 5.3343 million items by 2028. The compound annual growth rate (CAGR) over this forecast period (2024-2028) is around 0.88% annually.
Future trends to watch for include:
- Potential shifts in consumer preferences towards energy-efficient or smart appliances, influencing import volumes.
- Impact of post-Brexit trade policies and possible tariffs affecting pricing and demand.
- Technological advancements that could alter production and import needs.