Post-pandemic, demand for refrigeration appliances continues to rise in Hong Kong, with a positive outlook for the forecast period, although retail volume growth is expected to notably slow compared to the review period average. Ongoing economic instability amid high inflation in various major markets and persistent supply chain disruptions due the spillover effect of wars are factors that are set to push up the cost of raw materials and logistics networks, and thus increase the overall cost of production for appliances.
Post-pandemic, consumers in Hong Kong are extremely aware of their health and wellness and are interested in refrigeration appliances that claim to keep food fresh for longer and preserve its nutritional qualities. This is driving up demand for innovative refrigeration appliances, such as Samsung’s models with red LED lights in the vegetable compartment.
Demand for freestanding freezers and fridges is projected to continue declining over the forecast period. This will be mainly driven by a local consumer preference for appliances with combined functions that can fit increasingly expensive and limited living space.
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Refrigeration Appliances
Refrigeration appliances considers built-in and freestanding major appliances in the following categories: fridge freezers, fridges, freezers and electric wine coolers chillers.
See all of our definitionsThis report originates from Passport, our Refrigeration Appliances research and analysis database.
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