Market research

Combined refrigerator-freezers market in Finland

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

From 2018 to 2021, the market for combined refrigerator-freezers in Finland expanded, with market size growing from USD 49.4 million to a peak of USD 56.7 million. This increase was driven by rising imports, which offset a steady decline in domestic production.

After 2021, the market contracted, falling to USD 52.0 million in 2022 and USD 52.3 million in 2023, before a sharper drop to USD 39.8 million in 2024. Over the same period, production continued to decrease, reaching only USD 1.7 million in 2024.

In 2024, global industry trends included the launch of AI-enabled refrigerators by major brands and tighter energy efficiency regulations in key markets. However, these developments coincided with a significant reduction in Finland's market volume for combined refrigerator-freezers.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Finland
  1. 5.1.1. In kind, 2018-2024, unit
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, unit
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K unit
    1. 6.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, K unit
    2. 6.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, K unit
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/unit
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/unit
    2. 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/unit
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K unit
    1. 6.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, K unit
    2. 6.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, K unit
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/unit
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/unit
    2. 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/unit
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K unit
    1. 7.1.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, K unit
    2. 7.1.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, K unit
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/unit
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/unit
    2. 7.1.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/unit
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K unit
    1. 7.2.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, K unit
    2. 7.2.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, K unit
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/unit
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/unit
    2. 7.2.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/unit
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K unit
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K unit
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production combined refrigerator-freezers in Finland

In value, 2017-2020, K $ US

Finland's production of combined refrigerator-freezers declined for the second consecutive year. In 2020, output was valued at 3 644 K $ US, marking a significant decrease of 17.9% compared to the previous year. Looking at the period from 2017 to 2020, production fell by 23.8%, which translates to an annualized decline of 8.6%. The peak value was recorded in 2018 at 4 840 K $ US, with the largest increase that year of 1.3%.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.3%	(8.2%)	(17.9%)	(8.6%)

Source: SHEV.io

In kind, 2017-2020, unit

Finland's production volume of combined refrigerator-freezers dropped for the third year in a row. In 2020, 875 units were produced, down by 22.3% from the year before. Over the 2017-2020 period, production decreased by 30.2%, with a compound annual growth rate (CAGR) of -11.3%.

Annual dynamics of production in Finland in kind, 2017-2020, unit

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.1%)	(7.2%)	(22.3%)	(11.3%)

Source: SHEV.io

Exports combined refrigerator-freezers from Finland

Exports in kind, K unit

Finland exported 4.0 K units of combined refrigerator-freezers in 2020, showing a dramatic increase of 68.5% compared to the previous year. From 2017 to 2020, exports grew by 31.5%, with a CAGR of 9.6%. The lowest export volume was in 2019 at 2.4 K units, while the highest was in 2018 at 4.1 K units. The largest decline occurred in 2019, with a drop of 41.1%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, K unit

Parameter		2018	2019	2020	CAGR
1	Change from last year	32.5%	(41.1%)	68.5%	9.6%

Source: SHEV.io

Between 2017 and 2020, Sweden, Denmark, and Guinea were the main destinations for Finland's combined refrigerator-freezer exports in kind. Sweden accounted for 52.7% of exports, Denmark for 25.7%, and Guinea for 8.8%. Together, these three countries represented 87.2% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Finland in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2020, combined refrigerator-freezer shipments from Finland reached 1 619 K $ US, indicating a notable increase of 19.7% from the previous year. Over the 2017-2020 period, exports rose by 20.5%, with a CAGR of 6.4%. The highest value was recorded in 2018 at 1 865 K $ US, with the largest increase that year of 38.8%. The largest decline occurred in 2019, with a decrease of 27.5%.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	38.8%	(27.5%)	19.7%	6.4%

Source: SHEV.io

From 2017 to 2020, Finland's exports of combined refrigerator-freezers in value terms were heavily concentrated on Sweden, which made up 74.7% of total flows. All other countries combined accounted for the remaining share.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Finland in value, 2017-2020

Source: SHEV.io

Imports combined refrigerator-freezers to Finland

Imports in kind, K unit

The import market for combined refrigerator-freezers in Finland showed significant volatility during these years. In 2019, imports hit their lowest point at 20.9 K units, with the largest decline that year of 86.9%. By 2020, imports surged to 164.3 K units, marking a steep increase of 686.3% year-over-year. This created a 7.9-fold gap between the low in 2019 and the high in 2020.

Annual dynamics of product's imports to Finland in kind, 2017-2020, K unit

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.1%	(86.9%)	686.3%	1.3%

Source: SHEV.io

Between 2017 and 2020, Hungary, China, and Turkey were the primary sources for Finland's combined refrigerator-freezer imports in kind. Hungary contributed 27.9% of imports, China 20.5%, and Turkey 15.6%. Together, these three countries accounted for 64.0% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Finland in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Finland imported approximately 47 446 K $ US of combined refrigerator-freezers in 2020, which was 6.1% higher than the previous year. Over the 2017-2020 period, imports increased by 11.6%, with a CAGR of 3.7%. The largest decline was in 2019 at 3.6%, while the largest increase was in 2018 at 9.1%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.1%	(3.6%)	6.1%	3.7%

Source: SHEV.io

From 2017 to 2020, Hungary, China, and Turkey held the largest shares of Finland's combined refrigerator-freezer imports in value terms. Hungary accounted for 25.1%, China for 16.7%, and Turkey for 16.7%. Combined, these three countries made up 58.6% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Finland in value, 2017-2020

Source: SHEV.io