The proportion of refrigeration appliances sold in Argentina that are manufactured locally is set to continue expanding at a very strong pace over the forecast period after several years of strong development in the local refrigeration appliances manufacturing industry. Although the proportion of locally manufactured appliances in the category has historically been quite high, the persistent shortage of foreign currency reserves that has plagued the Argentinian economy for several years has intensify the situation and accelerated the shift away from imported refrigeration appliances and towards locally manufactured alternatives.
The forecast period is expected to see rising demand for freezers, although the category is expected to slip into negative volume growth briefly during 2023. Volume of sales of freezers reached a peak during 2013, which was followed by a continuous downtrend that persisted until 2020.
During the forecast period, the average unit price of refrigeration appliances is set to increase, with prices expected to rise across all refrigeration appliances categories. This is set to be largely due to premiumisation, which is in turn set to stem from rising demand for larger and better equipped refrigeration appliances that make use of the latest technologies.
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Understand the latest market trends and future growth opportunities for the Refrigeration Appliances industry in Argentina with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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