Refrigerator & Freezer Imports in India 2017 – Fridge Buyers in India

29 March 2018
Fridge Buyers in India

The refrigerator and freezer import industry in India has been increasing steadily since 2013, which is likely to further jump in upcoming years. Environmental changes, large untapped market, rapid urbanization, improving living standards and rising household incomes are major growth drivers for the refrigerator & freezer industry. Last year, i.e., 2017, India purchased refrigerators and freezers together worth USD 258 million, Export Genius report on refrigerator & freezer imports into India reveals. Imports of refrigerators are higher than freezers as household refrigerators are used in greater quantity. And freezers are mostly used for commercial purpose.


The refrigerators and freezers come under HS Code 8418. Refrigerators are mostly used between April and July when mercury soars. However, these are largely sold in August, September and October, which are known as festive months in which special discounts are offered by fridge companies in India. Then most common sizes of refrigerators that are used in India are 190 liter in direct-cool refrigerators and 250 liter in frost-free refrigerators. As far as freezers are concerned, these are mostly used for commercial purposes to store ice-creams, cakes, milk, curd, cold drinks, etc.


Refrigerator & Freezer Imports in India – September Recorded Highest Import Shipments


The imports of refrigerators and freezers together amounted to USD 258 million in 2017. September month recorded the highest import shipments of refrigerators and freezers valued at USD 48 million and lowest shipments recorded in June month valued at 7 million. Total 119831 set of refrigerators and freezers were imported into India in September month. Here are 2017 monthly values of refrigerator and freezer imports in India.

     

 

Month

Value (USD %)

Value (USD)

January

6.34%

16379372

February

6.01%

15529388

March

9.73%

25143358

April

10.50%

27129156

May

7.24%

18703072

June

3.08%

7961830

July

4.78%

12340820

August

10.28%

26563174

September

18.71%

48356802

October

11.43%

29548298

November

4.99%

12882124

December

6.92%

17879632


 

HS Code-wise Analysis of India Imports Refrigerator & Freezer


The HS Code 84181090, which is combined refrigerators-freezers, with separate external doors in the other category, recorded the highest import value of refrigerator & freezer imports in India. More than 50% import shipments of this HS Code arrived in India during 2017. And 360720 set of refrigerators and freezers were purchased by the country under this HS Code.


 

HS Code

Value (USD %)

Value (USD)

84181090

61.45%

158791757

84183010

26.88%

69449756

84182100

5.43%

14036017

84182900

3.42%

8841541

84185000

1.66%

4284584

 


5 Largest Brands of Refrigerator & Freezer Imported into India


If we see India import data of refrigerator & freezer together, we found that India’s purchases of Samsung brand were the highest in 2017. More than USD 90 million worth refrigerators and freezers of Samsung brand were purchased by India in the said year. Samsung shared 47.90% value to total refrigerator imports and Haier shared 34.92% value to total freezer imports. Let’s have a look at Indian imports of refrigerator and freezer with India import statistics of 5 largest brands recorded in the year 2017.   


 

Brand

Value (USD %)

Samsung

35.99%

LG

15.99%

Haier

12.76%

Hitachi

6.67%

Vestfrost

6.11%

Blue Star

6.09%

Panasonic

3.92%

Voltas

3.07%

Elan Pro

2.35%

Celfrost

1.50%

 


Refrigerator vs. Freezer Imports in India


India imports of refrigerator were higher than freezer in 2017 under HS Code 8418. The country purchased refrigerators worth USD 194 million and freezers worth USD 64 million in the said year. Total 496690 set of refrigerators and 357143 set of freezers were imported by India. The country purchased refrigerators of Samsung brand the most, which valued at USD 93 million. And it imported freezers of Haier brand maximum, which valued at USD 22 million.


So, as an Indian importer of refrigerator & freezer, if you want to import refrigerators and freezers, you must be aware about Indian taxation system including BCD, IGST & Compensation Cess, especially after Goods and Services Tax (GST) came into force from 1st July 2017. What is import duty on refrigerator and freezer in India? Check custom duty on refrigerator freezer in India after GST now!  


 

Type

Value (USD %)

Value (USD)

Refrigerator

75.14%

194165674

Freezer

24.86%

64251351

 


Indian Port-wise Analysis – Nhava Sheva Sea Received Maximum Shipments of Refrigerators and Freezers


Among Indian Ports, Nhava Sheva Sea recorded the highest import shipments of refrigerators and freezers. Total shipments of refrigerators valued at USD 91 million with 47.31% share in value and total shipments of freezers valued at USD 39 million with 61.77% share in value recorded in 2017. Chennai Sea stood at the 2nd largest Indian port, from which maximum shipments of refrigerators and freezers arrived in the said year.  

 

 

Indian Port

Value (USD %)

Nhava Sheva Sea

50.91%

Chennai Sea

17.55%

Startrack Terminal ICD

12.61%

Kolkata Sea

5.16%

Irungattukottai ICD

5.00%

 


Foreign Country-wise Analysis – China Top Supplier of Refrigerators & Freezers to India in 2017


India purchased refrigerators and freezers together maximum from China, which amounted to USD 137 million in 2017. It shared more than 50% value to total India imports of refrigerators and freezers. After China; Thailand, Denmark, Republic of Korea and Indonesia stood as the largest exporter of refrigerators and freezers to India in the said year.


If we separate the India shipment data of refrigerators and freezers, we found that India purchased refrigerators mostly from Thailand valued at USD 83 million with 43.04% share in value during 2017. China stood at 2nd position, which supplied refrigerators worth USD 78 million to India in the said year. It recorded 40.47% share in value. As far as freezers are concerned, India imported freezers highest from China, which recorded USD 58 million value and 91.50% share in value during last year.


 

Foreign Country

Value (USD %)

Value (USD)

China

53.16%

137369876

Thailand

32.34%

83583392

Denmark

6.17%

15943384

Republic of Korea

3.05%

7886845

Indonesia

1.61%

4161686

 


List of Refrigerator & Freezer Importers in India


Among largest Indian importers of refrigerators and freezers, Samsung Indian Electronics Pvt. Ltd. imported refrigerators the most in 2017. And Blue Star Ltd. purchased freezers the most during this year. Here are share in values of top 5 Indian buyers of refrigerators and freezers recorded in the year 2017.


Indian Importer of Refrigerator

Value (USD %)

Indian Importer of Freezer

Value (USD %)

Samsung India Electronics Pvt. Ltd.

47.90%

Blue Star Ltd.

24.46%

LG Electronics India Pvt. Ltd.

21.19%

Haier Appliances India Pvt. Ltd.

21.19%

Johnson Controls-Hitachi Air Conditioning India Ltd.

8.88%

HLL Lifecare Ltd.

13.66%

HLL Lifecare Ltd.

8.10%

Voltas Ltd.

12.31%

Haier Appliances India Pvt. Ltd.

5.39%

ELAN Professional Appliances Pvt. Ltd.

9.13%

 

If you want to buy the latest refrigerator/freezer import data of India, see the sample below first to know the data coverage.


HS Code (4-Digit)

8418

HS Code (8-Digit)

84181090

Product Description

Refrigerator Rt54k6558sl (House Hold Type Capacity 523 L - Rs, Combined Refri-Freezer F/With Sep.Ex.Door,W/Out Ods)

Brand

Samsung

Capacity

523 LT

Type

Refrigerator

Quantity

42

Unit

Set

Value (USD)

17499.25

Import Duty (USD)

3531.76

Foreign Country

Thailand

Date, Indian Importer Name, Indian Port

*Available on Purchase Only

 

To buy India import data of refrigerators & freezers, fill up our quick enquiry form at www.exportgenius.in. Or send your data requirements to info@exportgenius.in. Or simply call us at +91-11-47048012.


How Export Genius India Import Data of Refrigerators & Freezers Benefits?


For Importers: Indian importers of refrigerators & freezers can find largest exporters in the world. They can also use information to know about their major competitors.


For Exporters: Foreign suppliers can locate active Indian buyers of refrigerators & freezers from our report. 

 

For Logistics Companies: By knowing which Indian port is receiving maximum refrigerator & freezer shipments and which foreign port is departing shipments, logistics companies can find new customers for transporting goods to client’s destination.


For Banks: Banks can approach to Indian and foreign companies of refrigerators and freezers to avail their financial services.  

 

For Market Research Agencies: In order to come up more findings and conclusion in the Indian import market of refrigerators & freezers, market research companies can use our data. 


To buy our market research report and data, e-mail us at info@exportgenius.in.


For any media related enquiries, please contact us at press@exportgenius.in.

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