MERCOSUR: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in MERCOSUR

In 2022, the MERCOSUR refrigerator and freezer market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a perceptible slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Refrigerator And Freezer Production in MERCOSUR

In value terms, refrigerator and freezer production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Refrigerator And Freezer Exports

Exports in MERCOSUR

In 2022, approx. X units of refrigerators and freezers were exported in MERCOSUR; declining by X% compared with the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, refrigerator and freezer exports fell slightly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia represented the main exporting country with an export of about X units, which amounted to X% of total exports. Brazil (X units) ranks second in terms of the total exports with a X% share, followed by Chile (X%).

Colombia was also the fastest-growing in terms of the refrigerators and freezers exports, with a CAGR of X% from 2012 to 2022. Brazil (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Chile (X p.p.) and Brazil (X p.p.) displayed negative dynamics.

In value terms, Colombia ($X) remains the largest refrigerator and freezer supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

In Colombia, refrigerator and freezer exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild reduction. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the export price figures.

Refrigerator And Freezer Imports

Imports in MERCOSUR

In 2022, after three years of growth, there was significant decline in supplies from abroad of refrigerators and freezers, when their volume decreased by X% to X units. Total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then fell remarkably in the following year.

In value terms, refrigerator and freezer imports shrank sharply to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2022, Chile (X units), Brazil (X units), Peru (X units), Ecuador (X units) and Colombia (X units) represented the largest importer of refrigerators and freezers in MERCOSUR, achieving X% of total import. It was distantly followed by Venezuela (X units), committing a X% share of total imports. Paraguay (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refrigerator and freezer importing markets in MERCOSUR were Chile ($X), Peru ($X) and Brazil ($X), together accounting for X% of total imports.

In terms of the main importing countries, Chile, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :