Mexico - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMexico's Commercial Refrigeration Equipment Price Falls Notably to $364 per Unit
Mexico Commercial Refrigeration Equipment Export Price in January 2023
In January 2023, the commercial refrigeration equipment price amounted to $364 per unit (FOB, Mexico), declining by -11.3% against the previous month. Over the period under review, the export price saw a slight descent. The growth pace was the most rapid in August 2022 when the average export price increased by 13% month-to-month. The export price peaked at $461 per unit in January 2022; however, from February 2022 to January 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2022 to January 2023, the rate of growth in terms of prices for the United States amounted to -1.8% per month.
| COUNTRY | Export Price of Commercial Refrigeration Equipment in Mexico (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | |
| United States | 455 | 392 | 418 | 369 | 389 | 420 | 348 | 392 | 391 | 432 | 409 | 409 | 365 |
| Average | 461 | 393 | 422 | 375 | 391 | 418 | 351 | 397 | 392 | 434 | 408 | 411 | 364 |
Mexico Commercial Refrigeration Equipment Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was refrigerated show-cases ($1,720 per unit), while the average price for exports of refrigerating or freezing equipment amounted to $247 per unit.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for the following types: refrigerated show-cases (-0.2%), while the prices for the other product experienced a decline.
Mexico Commercial Refrigeration Equipment Exports
In January 2023, after two months of growth, there was significant decline in overseas shipments of refrigerating and freezing equipment and heat pumps (except household type equipment), when their volume decreased by -38.5% to 180K units. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when exports increased by 67% m-o-m. The exports peaked at 360K units in July 2022; however, from August 2022 to January 2023, the exports failed to regain momentum.
In value terms, commercial refrigeration equipment exports reduced remarkably to $65M (IndexBox estimates) in January 2023. In general, exports saw a mild decrease. The pace of growth was the most pronounced in February 2022 with an increase of 43% against the previous month. The exports peaked at 132M units in April 2022; however, from May 2022 to January 2023, the exports remained at a lower figure.
Mexico Commercial Refrigeration Equipment Exports by Type
Refrigerating or freezing equipment (165K units) was the largest type of commercial refrigeration equipment exported from Mexico, accounting for a 92% share of total exports. Moreover, refrigerating or freezing equipment exceeded the volume of the second product type, refrigerated show-cases (14K units), more than tenfold.
From January 2022 to January 2023, the average monthly rate of growth in terms of the volume of export of refrigerating or freezing equipment was relatively modest.
In value terms, the most traded types of refrigerating and freezing equipment and heat pumps (except household type equipment) in Mexico were refrigerating or freezing equipment ($41M) and refrigerated show-cases ($25M).
Among the main product categories, refrigerating or freezing equipment; heat pumps, other than compression type units whose condensers are heat exchangers, with a CAGR of -0.6%, recorded the highest growth rate of the value of exports, over the period under review.
Mexico Commercial Refrigeration Equipment Exports by Country
the United States (176K units) was the main destination for commercial refrigeration equipment exports from Mexico, accounting for a approximately 98% share of total exports.
From January 2022 to January 2023, the average monthly rate of growth in terms of volume to the United States was relatively modest.
In value terms, the United States ($64M) also remains the key foreign market for commercial refrigeration equipment exports from Mexico.
From January 2022 to January 2023, the average monthly rate of growth in terms of value to the United States totaled -1.5%.
This report provides an in-depth analysis of the commercial refrigeration equipment market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
- Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
- Prodcom 28251340 -
- Prodcom 28251350 -
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
- Prodcom 28251390 - Other refrigerating or freezing equipment
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
