In 2023, the import value of refrigerating or freezing furniture to the US stood at approximately 1 billion US Dollars. From 2024 to 2028, forecasts indicate consistent annual growth. Year-on-year, the increase ranges from approximately 3.80% to 3.49%, highlighting a steady rise in imports. Over the last five years, the compound annual growth rate (CAGR) is projected to be about 3.48%. This steady increment reflects rising demand and dependency on international suppliers for refrigerating and freezing equipment in the US market.
Future trends to watch for include technological advancements in refrigerating technology, potential economic impacts on trade policies, and changes in consumer preferences towards energy-efficient appliances. Additionally, global supply chain dynamics and raw material costs could influence import volumes and values.
