The household refrigerators and freezers market in Finland has seen fluctuations over the years. Between 2012 and 2015, the market exhibited a downward trend, with slight year-on-year declines, though there was a marginal uptick in 2013. From 2016 onwards, the market showed a positive trend, highlighted by a significant increase in 2020, likely driven by pandemic-related boost in home appliance purchases. However, the latest data indicated a slight decrease in 2022. The compound annual growth rate (CAGR) from 2015 to 2022 stood at around 1.89%, reflecting moderate growth over the span of 7 years. In 2023, the market stood around 142 million Euros.
Future trends to watch for include the growing emphasis on energy-efficient and smart appliances, driven by stringent European regulations and consumer demand for sustainability. Additionally, technological advancements and the increasing integration of IoT in home appliances are expected to further influence market dynamics.
How does Finland rank in Household Refrigerators and Freezers Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,246,100,000 | 2023 | +0.69% | +0.42% | View data |
| 2 | 2 United Kingdom | 1,191,200,000 | 2023 | +1.05% | +1.58% | View data |
| 3 | 3 Sweden | 274,870,000 | 2023 | +5.39% | +2.7% | View data |
| 4 | 4 Portugal | 230,910,000 | 2023 | +2.84% | +5.22% | View data |
| 5 | 5 Denmark | 150,130,000 | 2023 | +1.38% | +0.6% | View data |
| 6 | 6 Finland | 140,190,000 | 2023 | +0.063% | +0.77% | |
| 7 | 7 Slovakia | 97,499,000 | 2023 | +3.43% | +8.13% | View data |
