Over 53% of Families Now Own Refrigerators

Industry: Electronics, Home Appliances

The demand for refrigerators in rural areas of Bangladesh has surged due to increased access to electricity and rising household incomes. According to recent statistics, over 53% of households now own refrigerators, up from 45% in 2021. The expansion of power infrastructure has facilitated this growth, with 97.54% of households now connected to the national grid. Despite occasional power outages, the availability of electricity has fueled the demand for refrigerators, especially in villages. Manufacturers are also addressing the issue of power shortages by developing refrigerators with longer-lasting cooling capabilities.

Affordable pricing, with decent-sized fridges available for around 30,000 taka, has made refrigerators more accessible to rural consumers. Additionally, the introduction of inverter technology fridges, known for their energy efficiency, has further encouraged rural households to invest in refrigeration appliances. Overall, the combination of increased electricity access, rising incomes, and affordable pricing has contributed to the growing popularity of refrigerators in rural Bangladesh.

Source for more details:

Related News

Singer Expands Operations with New Plant in BSEZ

March 17, 2025

Singer Bangladesh has opened a new home appliances plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, as part of its expansion strategy to boost local manufacturing. The project, approved by the board on March 30, 2022, involved an investment of Tk 603.89 crore, with Tk 580.33 crore allocated for machinery and plant construction.

Consumer Uncertainty Impacts Electronics Sales

March 16, 2025

Bangladesh's electronics sector faces challenges due to inflation, currency devaluation, and reduced consumer spending. An 11% taka devaluation increased import costs, impacting prices. Consumer uncertainty, political unrest, and LC issues disrupted supply chains.

Singer Begins Production in BSEZ With $78M Investment

February 26, 2025

Singer Bangladesh has begun commercial production at its new plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, following a $78 million investment from Arcelik. The facility, covering 35 acres, will locally manufacture over 90% of components, reducing import dependence.

NBR Doubles Corporate Tax for Appliance Makers to 20%

January 9, 2025

The National Board of Revenue (NBR) has doubled the corporate income tax rate to 20 percent for manufacturers of freezers, refrigerators, motorcycles, air conditioners, and compressors, starting from the fiscal year 2025-26. According to a notification issued today, these revised tax rates will be in effect until June 30, 2032.

Walton Secures Tk 350 Crore Orders at ATS Expo

December 9, 2024

Walton secured orders worth Tk 350 crore from local and international companies during the "Advanced Technology Solution (ATS) Expo 2024," Bangladesh's premier industrial expo, held at the International Convention City Bashundhara in Purbachal.

City Bank and Walton Deal Green Banking Agreement

November 26, 2024

On November 24, 2024, Walton Hi-Tech Industries PLC and City Bank PLC signed a green banking agreement to offer a range of preferential banking services to Walton’s employees. The agreement, signed at Walton's corporate office, includes services such as payroll receipt, debit and credit card facilities, and personal, car, or home loan options.

Related News

Singer Expands Operations with New Plant in BSEZ

March 17, 2025

Singer Bangladesh has opened a new home appliances plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, as part of its expansion strategy to boost local manufacturing. The project, approved by the board on March 30, 2022, involved an investment of Tk 603.89 crore, with Tk 580.33 crore allocated for machinery and plant construction.

Consumer Uncertainty Impacts Electronics Sales

March 16, 2025

Bangladesh's electronics sector faces challenges due to inflation, currency devaluation, and reduced consumer spending. An 11% taka devaluation increased import costs, impacting prices. Consumer uncertainty, political unrest, and LC issues disrupted supply chains.

Singer Begins Production in BSEZ With $78M Investment

February 26, 2025

Singer Bangladesh has begun commercial production at its new plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, following a $78 million investment from Arcelik. The facility, covering 35 acres, will locally manufacture over 90% of components, reducing import dependence.

NBR Doubles Corporate Tax for Appliance Makers to 20%

January 9, 2025

The National Board of Revenue (NBR) has doubled the corporate income tax rate to 20 percent for manufacturers of freezers, refrigerators, motorcycles, air conditioners, and compressors, starting from the fiscal year 2025-26. According to a notification issued today, these revised tax rates will be in effect until June 30, 2032.

Walton Secures Tk 350 Crore Orders at ATS Expo

December 9, 2024

Walton secured orders worth Tk 350 crore from local and international companies during the "Advanced Technology Solution (ATS) Expo 2024," Bangladesh's premier industrial expo, held at the International Convention City Bashundhara in Purbachal.

City Bank and Walton Deal Green Banking Agreement

November 26, 2024

On November 24, 2024, Walton Hi-Tech Industries PLC and City Bank PLC signed a green banking agreement to offer a range of preferential banking services to Walton’s employees. The agreement, signed at Walton's corporate office, includes services such as payroll receipt, debit and credit card facilities, and personal, car, or home loan options.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here