Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Chile - 2024
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Chile (CIF) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Chile (FOB) - 2024
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Chile
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Chile
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Chile (CIF) - 2022
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $46 per unit in 2022, growing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2017 an increase of 13% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($152 per unit), while the price for Turkey ($14 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Chile (FOB) - 2024
The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $65.6 per unit in January 2024, increasing by 376% against the previous month. In general, the export price posted a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was Peru ($178 per unit), while the average price for exports to Argentina ($17.2 per unit) was amongst the lowest.
From October 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Chile
In 2022, approx. 551K units of refrigerating or freezing equipment; parts thereof, other than furniture were imported into Chile; waning by -18% on the previous year. In general, imports saw a pronounced setback. The growth pace was the most rapid in 2021 with an increase of 69%. As a result, imports reached the peak of 673K units, and then reduced notably in the following year.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture shrank to $26M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. As a result, imports reached the peak of $28M, and then fell in the following year.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.1 | 4.9 | 10.9 | 8.4 | 5.8% |
| Italy | 5.0 | 1.7 | 4.5 | 4.4 | -4.2% |
| Brazil | 3.4 | 2.7 | 3.2 | 3.3 | -1.0% |
| United States | 2.4 | 1.2 | 1.8 | 1.5 | -14.5% |
| Netherlands | 1.3 | 0.3 | 1.0 | 1.1 | -5.4% |
| Mexico | 0.8 | 0.6 | 0.5 | 0.9 | 4.0% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.4 | 0.5 | 35.7% |
| Belgium | 0.4 | 0.3 | 0.2 | 0.5 | 7.7% |
| Turkey | 0.5 | 0.1 | 0.3 | 0.4 | -7.2% |
| Argentina | 0.2 | 0.4 | 1.0 | 0.2 | 0.0% |
| Others | 3.9 | 3.4 | 4.2 | 4.4 | 4.1% |
| Total | 25.0 | 15.8 | 27.9 | 25.6 | 0.8% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Chile in 2022:
- China (265.3K units)
- Brazil (73.6K units)
- Italy (67.1K units)
- Turkey (31.2K units)
- Taiwan (Chinese) (15.7K units)
- Netherlands (14.9K units)
- Mexico (14.6K units)
- Belgium (11.5K units)
- United States (10.0K units)
- Argentina (6.0K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Chile
In 2022, approx. 142K units of refrigerating or freezing equipment; parts thereof, other than furniture were exported from Chile; increasing by 12% against the previous year. In general, exports, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 37%. The exports peaked at 152K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture soared to $4.5M in 2022. Overall, exports, however, continue to indicate a slight slump. The exports peaked at $4.8M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 787 | 417 | 873 | 1,580 | 26.2% |
| Peru | 1,467 | 1,246 | 757 | 1,267 | -4.8% |
| Argentina | 240 | 371 | 822 | 689 | 42.1% |
| Venezuela | 159 | 69.1 | 60.1 | 209 | 9.5% |
| Guatemala | 6.1 | N/A | 6.7 | 178 | 207.9% |
| Panama | 194 | 145 | 15.2 | 27.9 | -47.6% |
| China | 442 | N/A | N/A | 4.4 | -78.5% |
| Hong Kong SAR | 108 | 42.2 | N/A | N/A | -60.9% |
| Others | 1,368 | 510 | 743 | 548 | -26.3% |
| Total | 4,772 | 2,800 | 3,276 | 4,504 | -1.9% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Chile in 2022:
- Argentina (84.9K units)
- Ecuador (23.5K units)
- Peru (20.4K units)
- Venezuela (3.8K units)
- Guatemala (3.5K units)
- Panama (0.4K units)
- China (0.1K units)
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