In 2023, the import of refrigerating or freezing furniture to Australia stood at 24.0 million kilograms. Forecasted data for 2024-2028 show a consistent upward trend, with imports expected to reach 26.554 million kilograms by 2028.
Year-on-year variations in percentage for the subsequent years are as follows:• 2024: 2.03% • 2025: 2.17% • 2026: 2.09% • 2027: 2.00% • 2028: 1.93%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024-2028 is approximately 2.04%, indicating steady growth in imports.
Future trends to watch for include potential disruptions in international supply chains, advancements in refrigeration technology affecting demand, and changes in Australian import regulations which might impact import volumes. Continual monitoring of economic factors like consumer spending and industry needs will also be crucial.
