Market Insights Consumer Household Appliances Major Appliances

Refrigerators - Paraguay

Paraguay

In 2024, the revenue generated in the Refrigerators market in Paraguay amounts to US$90.28m.
It is projected to grow annually by 5.39% (CAGR 2024-2029).
When compared globally, the highest revenue is generated in China, reaching US$32,170m in 2024.
In terms of per household revenues, each household in Paraguay is expected to generate US$63.06 in 2024.
Looking ahead, the volume in the Refrigerators market is projected to reach 187.7k pieces units by 2029.
However, a slight decline of 3.1% is anticipated in 2025.
On average, each household in Paraguay is expected to have a volume of 0.11pieces units in the Refrigerators market by 2024.
Paraguay's refrigerator market is experiencing a surge in demand for energy-efficient models due to increasing awareness of environmental sustainability.

Key regions: United States, Europe, Japan, United Kingdom, India

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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.