Market Insights Consumer Household Appliances Major Appliances

Freezers - Papua New Guinea

Papua New Guinea

Revenue in the Freezers market in Papua New Guinea reached US$8.47m in 2024.
It is projected to experience an annual growth rate of 5.71% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, the highest revenue is generated in China, amounting to US$5,491m in 2024.
In terms of households, the per household revenue in the Freezers market is projected to be US$4.34 in 2024.
By 2029, the volume in the Freezers market is expected to reach 20.5k pieces units.
In 2025, the Freezers market is anticipated to exhibit a volume growth of 1.8%.
The average volume per household in the Freezers market is predicted to be 0.01pieces in 2024.
The demand for freezers in Papua New Guinea has been steadily increasing due to the country's growing tourism industry and the need for reliable storage of perishable goods.

Key regions: Indonesia, Japan, India, Germany, Europe

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.