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Appliance Industry Update – June 2023

Despite expectations that numbers would be lower than last year's, several products are far from achieving 2023 targets. Read more in our latest analysis.

August 8, 2023  |  By Philippe Charron

As evidenced by the last couple of months, there is a clear downward trend that has been going for a while now in terms of unit volume.

Let’s take a closer look, and also try to find some products that are beating the expectations for the month of June:

Stronger Demand Categories

  • One of the only instances where there’s actual growth is in top load washers. These are up 8% vs the same period last year, and even up 0.3% year to date;
  • Wall ovens are not necessarily the most popular choice when it comes to cooking, but they’re a healthy 5.9% over their target for the year;
  • Despite being down for the current period, chest freezers 14,5 cu.ft. and over are up 12.8% YTD vs last year (a stark contrast to the -27.8% YTD for freezers as a whole);
  • 1- & 2-door top freezer refrigerators are slightly up (0.8%) from last year due in part to a healthy 8.3% increase in units sold in June 2023 vs. June 2022;
  • Compact refrigerators still show a growth of 14.8% in 2023, now up to more than 70 000 units year to date (up from 61 784 in 2022).

On the Decline

  • Even with a spike in portable dishwashers for June, the category itself still ended the month with a -17.5% compared to the same period last year;
  • Gas ranges continue to be put aside by consumers, seeing a drop of almost 50% compared to the same period last year. To date, they’re also down a huge amount (-46.9%) with only 36 830 units this year (compared to 69 370 at this time in 2022);
  • Cooktops are also hit by a drop in units sold, as evidenced by their -6.5% numbers YTD versus 2022;
  • Microwaves maintained their 2022 trend in June, but are still -16.1% year to date.
  • Wine coolers are still -23.6% year to date, in spite of the fact that June saw an increase in units sold.

AHAM works with manufacturers to ensure that people in Canada and around the world have access to efficient, top-of-the-line home appliances. It provides its members with data on product trends, features, and value. This data gives them insights which serve as a powerful tool for strategic business planning.