From 2013 to 2023, Lithuania's household refrigerators and freezers market displayed a compound annual growth rate (CAGR) of 1.3%, reaching a volume of 126,000 units in 2023. The market experienced variable growth patterns, with notable increases in 2016 (21.84%) and 2018 (19.53%), and declines in 2017 (-7.75%) and 2020 (-2.85%). In recent years, growth stabilized with a minimal rise of 2% in 2023 and a slight increase of 0.086% in 2022.
- Future trends to watch for include technological advancements such as smart appliances, increasing demand for energy-efficient models, and sustainability-driven consumer preferences.
