Freezers - Iceland
Iceland- In 2024, the Freezers market in Iceland generated a revenue of ISK US$1.71m.
- It is projected to have an annual growth rate of 3.34% (CAGR 2024-2029).
- When compared globally, China leads the market with a revenue of ISK US$5bn in 2024.
- Looking at the ratio of revenue to the total number of households, each household in Iceland is estimated to have a revenue of ISK US$10.62 in 2024.
- Moving forward, the volume in the Freezers market is expected to reach 4.5k pieces by 2029.
- In 2025.0, the segment is projected to experience a volume growth of 2.1%.
- Lastly, the average volume per household in the Freezers market is anticipated to be 0.03pieces in 2024.
- Iceland's freezer market is booming due to its high demand for frozen seafood and the need for preserving food in its cold climate.
- Key regions:
- Indonesia,
- Japan,
- India,
- Germany,
- Europe
Definition: Freezers are a class of appliances specifically designed to cool stored items at a temperature of -18° C or below. This category includes both freezers and deep freezers with a maximum capacity of 900 liters. Furthermore, professional appliances utilized in gastronomy are also part of this classification. It is important to note that freezer compartments are not considered freezers and thus, are not included in this category.
Additional Information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, and sales channels.
Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.
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In-Scope
- Freezers
- Deep freezers
Out-Of-Scope
- Feezers with a maximum capacity of more than 900l
- Fridge freezers
