Chile: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Chile

After two years of growth, the Chilean non-combined refrigerator-freezer market decreased by X% to $X in 2022. In general, consumption, however, showed a mild expansion. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Non-Combined Refrigerator-Freezer Production in Chile

In value terms, non-combined refrigerator-freezer production reduced slightly to $X in 2022 estimated in export price. Overall, production recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Non-combined refrigerator-freezer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports from Chile

For the third consecutive year, Chile recorded growth in shipments abroad of household refrigerators and freezers (not combined), which increased by X% to X units in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-combined refrigerator-freezer exports rose remarkably to $X in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Bolivia (X units) was the main destination for non-combined refrigerator-freezer exports from Chile, accounting for a X% share of total exports. Moreover, non-combined refrigerator-freezer exports to Bolivia exceeded the volume sent to the second major destination, Guatemala (X units), sixfold. Mexico (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Mexico (X% per year).

In value terms, Bolivia ($X) remains the key foreign market for household refrigerators and freezers (not combined) exports from Chile, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bolivia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the average non-combined refrigerator-freezer export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price recorded a perceptible increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Chile

In 2022, supplies from abroad of household refrigerators and freezers (not combined) decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then declined remarkably in the following year.

In value terms, non-combined refrigerator-freezer imports dropped remarkably to $X in 2022. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted notably in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of non-combined refrigerator-freezer to Chile, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of household refrigerators and freezers (not combined) to Chile.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%.

Import Prices by Country

In 2022, the average non-combined refrigerator-freezer import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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