Price for Non-Furniture Refrigerating or Freezing Equipment in Mexico - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Mexico (FOB) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Mexico (CIF) - 2022
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Mexico
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Mexico
Price for Non-Furniture Refrigerating or Freezing Equipment in Mexico (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $211 per unit in 2022, dropping by -1.7% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. As a result, the export price reached the peak level of $254 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.6% per year.
Price for Non-Furniture Refrigerating or Freezing Equipment in Mexico (CIF) - 2022
In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $255 per unit, surging by 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($240 per unit) and Italy ($240 per unit), while the price for Canada ($240 per unit) and Spain ($240 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Non-Furniture Refrigerating or Freezing Equipment in Mexico
In 2022, exports of non-furniture refrigerating or freezing equipment from Mexico soared to 3.7M units, growing by 17% on the year before. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 25%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, non-furniture refrigerating or freezing equipment exports soared to $788M in 2022. The total export value increased at an average annual rate of +10.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 549 | 573 | 667 | 780 | 12.4% |
| United Arab Emirates | 18.9 | 13.0 | 11.0 | N/A | -23.7% |
| Others | 18.0 | 25.2 | 4.9 | 8.2 | -23.1% |
| Total | 586 | 611 | 683 | 788 | 10.4% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Mexico in 2022:
- United States (3.2M units)
Imports of Non-Furniture Refrigerating or Freezing Equipment in Mexico
In 2022, the amount of non-furniture refrigerating or freezing equipment imported into Mexico skyrocketed to 1.3M units, picking up by 44% on the year before. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +104.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment imports soared to $335M in 2022. Overall, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 178 | 106 | 149 | 243 | 10.9% |
| China | 14.8 | 10.6 | 28.4 | 52.8 | 52.8% |
| Spain | 6.2 | 5.8 | 10.2 | 11.9 | 24.3% |
| Canada | 2.3 | 1.0 | 2.8 | 8.4 | 54.0% |
| Italy | 7.9 | 5.1 | 6.0 | 7.7 | -0.9% |
| Others | 21.4 | 15.2 | 14.2 | 10.8 | -20.4% |
| Total | 231 | 144 | 211 | 335 | 13.2% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Mexico in 2022:
- United States (1013.8K units)
- China (220.1K units)
- Spain (49.8K units)
- Canada (34.9K units)
- Italy (32.1K units)
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