Price for Non-Furniture Refrigerating or Freezing Equipment in Venezuela - 2022

Contents:

1. Price for Non-Furniture Refrigerating or Freezing Equipment in Venezuela (CIF) - 2022
2. Price for Non-Furniture Refrigerating or Freezing Equipment in Venezuela (FOB) - 2022
3. Imports of Non-Furniture Refrigerating or Freezing Equipment in Venezuela
4. Exports of Non-Furniture Refrigerating or Freezing Equipment in Venezuela

Price for Non-Furniture Refrigerating or Freezing Equipment in Venezuela (CIF) - 2022

The average import price for non-furniture refrigerating or freezing equipment stood at $183 per unit in 2022, increasing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 29% against the previous year. The import price peaked at $232 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Italy ($272 per unit), while the price for China ($134 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Furniture Refrigerating or Freezing Equipment in Venezuela (FOB) - 2022

The average export price for non-furniture refrigerating or freezing equipment stood at $258 per unit in 2022, picking up by 33% against the previous year. Overall, the export price enjoyed prominent growth. The growth pace was the most rapid in 2021 an increase of 234%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($399 per unit), while the average price for exports to Panama totaled $52 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+14.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Furniture Refrigerating or Freezing Equipment in Venezuela

In 2022, the amount of non-furniture refrigerating or freezing equipment imported into Venezuela expanded significantly to 42K units, surging by 7.1% compared with 2021 figures. In general, imports, however, showed a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 10%. Imports peaked at 77K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-furniture refrigerating or freezing equipment imports surged to $7.7M in 2022. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports attained the peak figure at $13M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Venezuela in 2022:

1. China (18.2K units)
2. United States (9.5K units)
3. Brazil (8.3K units)
4. Italy (2.4K units)
5. Spain (1.4K units)
6. Chile (0.8K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Venezuela

In 2022, shipments abroad of non-furniture refrigerating or freezing equipment decreased by -28.7% to 239 units, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2020 when exports increased by 82% against the previous year. As a result, the exports reached the peak of 1.6K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-furniture refrigerating or freezing equipment exports dropped slightly to $62K in 2022. Over the period under review, exports recorded a abrupt curtailment. The exports peaked at $115K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Venezuela in 2022:

1. Australia (142.0 units)
2. Panama (97.0 units)

Source: IndexBox Market Intelligence Platform