Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ecuador - 2022
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ecuador (CIF) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ecuador (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ecuador
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ecuador
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ecuador (CIF) - 2022
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $36 per unit in 2022, picking up by 20% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 24% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($75 per unit), while the price for China ($21 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ecuador (FOB) - 2022
In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $21 per unit, dropping by -8.2% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 231%. As a result, the export price reached the peak level of $41 per unit. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($59 per unit), while the average price for exports to Denmark ($8.2 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 Denmark (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ecuador
For the fourth year in a row, Ecuador recorded growth in overseas purchases of refrigerating or freezing equipment; parts thereof, other than furniture, which increased by 12% to 702K units in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 63%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture skyrocketed to $25M in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 79% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 2.4 | 5.8 | 8.5 | 78.3% |
| Italy | 1.8 | 1.1 | 3.6 | 5.9 | 48.5% |
| Colombia | 2.2 | 2.1 | 1.8 | 2.2 | 0.0% |
| Brazil | 1.0 | 1.7 | 2.1 | 2.0 | 26.0% |
| Chile | 0.7 | 0.3 | 0.9 | 1.2 | 19.7% |
| United States | 0.9 | 0.7 | 1.0 | 1.0 | 3.6% |
| Spain | 0.5 | 0.2 | 0.9 | 1.0 | 26.0% |
| South Korea | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Others | 1.4 | 1.7 | 2.3 | 2.9 | 27.5% |
| Total | 10.2 | 10.4 | 18.7 | 25.1 | 35.0% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Ecuador in 2022:
- China (412.0K units)
- Italy (79.2K units)
- Colombia (68.7K units)
- Brazil (33.7K units)
- Chile (19.0K units)
- United States (17.8K units)
- Spain (16.3K units)
- South Korea (14.5K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ecuador
In 2022, overseas shipments of refrigerating or freezing equipment; parts thereof, other than furniture decreased by -73.7% to 1.4K units, falling for the second consecutive year after two years of growth. Overall, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 58% against the previous year. As a result, the exports reached the peak of 7.2K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture fell dramatically to $30K in 2022. Over the period under review, exports continue to indicate a dramatic decrease. The smallest decline of -14.3% was in 2021. The exports peaked at $187K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 1.8 | 3.4 | 35.3 | 14.9 | 102.3% |
| Dominican Republic | 1.2 | 3.7 | 5.7 | 3.9 | 48.1% |
| Panama | 69.7 | 14.0 | 47.6 | 3.4 | -63.5% |
| Bolivia | N/A | N/A | 0.1 | 2.6 | 2500.0% |
| Colombia | 23.5 | 12.6 | 31.9 | 1.9 | -56.8% |
| Guatemala | 0.1 | 2.9 | 0.9 | 1.1 | 122.4% |
| Denmark | N/A | 0.2 | 0.3 | 0.2 | 0.0% |
| Nicaragua | N/A | 105 | 0.2 | N/A | -99.8% |
| Chile | 86.3 | N/A | N/A | N/A | 0% |
| Others | 4.2 | 1.5 | 0.6 | 1.7 | -26.0% |
| Total | 187 | 143 | 123 | 29.6 | -45.9% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Ecuador in 2022:
- Peru (906.0 units)
- Panama (145.0 units)
- Bolivia (84.0 units)
- Colombia (82.0 units)
- Dominican Republic (67.0 units)
- Guatemala (42.0 units)
- Denmark (25.0 units)
- Nicaragua (1.0 units)
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