Peru: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in Peru

The Peruvian combined refrigerator-freezer market shrank markedly to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value 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, consumption increased by X% against 2014 indices. As a result, consumption reached the peak level of $X, and then plummeted in the following year.

Combined Refrigerator-Freezer Exports

Exports from Peru

After two years of growth, overseas shipments of combined refrigerators-freezers decreased by X% to X units in 2022. Over the period under review, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, combined refrigerator-freezer exports contracted dramatically to $X in 2022. In general, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X units) was the main destination for combined refrigerator-freezer exports from Peru, accounting for a X% share of total exports. It was followed by Mexico (X units), with a X% share of total exports.

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

In value terms, the largest markets for combined refrigerator-freezer exported from Peru were Venezuela ($X), China ($X) and Mexico ($X).

In terms of the main countries of destination, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average combined refrigerator-freezer export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Mexico ($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 Ecuador (X%), while the prices for the other major destinations experienced mixed trend patterns.

Combined Refrigerator-Freezer Imports

Imports into Peru

In 2022, combined refrigerator-freezer imports into Peru reduced remarkably to X units, which is down by X% against 2021. In general, total imports indicated temperate 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 2020 indices. 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 fell dramatically in the following year.

In value terms, combined refrigerator-freezer imports fell dramatically to $X in 2022. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its value 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 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

China (X units), Mexico (X units) and Colombia (X units) were the main suppliers of combined refrigerator-freezer imports to Peru, together comprising X% of total imports.

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

In value terms, China ($X), Mexico ($X) and Colombia ($X) constituted the largest combined refrigerator-freezer suppliers to Peru, together comprising X% of total imports.

In terms of the main suppliers, China, 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

In 2022, the average combined refrigerator-freezer import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue 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 South Korea ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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