The export of refrigerating or freezing furniture from India saw significant growth from 2013, peaking in 2015 and 2016 before experiencing moderate fluctuations. The value stood at $40.481 million in 2023. The year-on-year variation for 2023 was a 3.92% increase, with a 5-year CAGR of 5.91%. Over the past decade, the market exhibited considerable volatility, with notable declines in 2018 and 2020, but showed robust recovery periods, such as in 2021.
Looking forward, the forecast suggests a steady growth trend, with a 5-year CAGR prediction of 2.82% from 2024 to 2028, concluding in a 14.9% increase by 2028. Future trends to watch for include potential impacts of global economic conditions, technological advancements in refrigeration technologies, and shifts in international trading policies which could affect export volumes.