Report Update: Apr 1, 2024

Colombia - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends And Insights

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Combined Refrigerator-Freezer Price in Colombia - 2022

Combined Refrigerator-Freezer Price in Colombia (FOB) - 2022

In February 2022, the average combined refrigerator-freezer export price amounted to $247 per unit, declining by -54.7% against the previous month. Over the period under review, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in June 2021 when the average export price increased by 8.7% m-o-m. Over the period under review, the average export prices reached the maximum at $556 per unit in October 2021; however, from November 2021 to February 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In February 2022, the highest price was recorded for prices to Bolivia ($267 per unit) and Chile ($252 per unit), while the average price for exports to Jamaica ($219 per unit) and Honduras ($238 per unit) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (-4.6%), while the prices for the other major destinations experienced a decline.

Combined Refrigerator-Freezer Price in Colombia (CIF) - 2022

The average combined refrigerator-freezer import price stood at $409 per unit in February 2022, dropping by -30.6% against the previous month. Overall, the import price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in August 2021 when the average import price increased by 21% m-o-m. As a result, import price attained the peak level of $681 per unit. From September 2021 to February 2022, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($1,623 per unit), while the price for Vietnam ($190 per unit) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.5%), while the prices for the other major suppliers experienced a decline.

Combined Refrigerator-Freezer Exports in Colombia

In 2022, overseas shipments of combined refrigerators-freezers decreased by -6.9% to 539K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.2% 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 +45.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 38% against the previous year. As a result, the exports reached the peak of 579K units, and then fell in the following year.

In value terms, combined refrigerator-freezer exports reached $134M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 50%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Combined Refrigerator-Freezer in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Dominican Republic	14.1	12.9	25.0	31.1	30.2%
Guatemala	12.1	13.0	19.7	23.0	23.9%
Ecuador	20.8	18.6	18.4	20.1	-1.1%
Peru	13.6	17.2	20.3	16.5	6.7%
Honduras	7.6	6.8	13.0	13.4	20.8%
El Salvador	6.6	5.9	10.8	10.3	16.0%
Costa Rica	0.4	0.9	2.7	4.2	119.0%
Chile	3.3	3.3	6.1	2.0	-15.4%
Others	2.9	4.0	7.8	13.9	68.6%
Total	81.7	82.8	124	134	17.9%

Top Export Markets for Combined Refrigerator-Freezer from Colombia in 2022:

Dominican Republic (125.7K units)
Guatemala (89.7K units)
Ecuador (89.2K units)
Peru (65.4K units)
Honduras (52.4K units)
El Salvador (39.7K units)
Costa Rica (15.5K units)
Chile (7.3K units)

Combined Refrigerator-Freezer Imports in Colombia

In 2022, supplies from abroad of combined refrigerators-freezers decreased by -26.1% to 180K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports attained the peak of 244K units, and then declined markedly in the following year.

In value terms, combined refrigerator-freezer imports contracted to $82M in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 39%. As a result, imports attained the peak of $95M, and then shrank in the following year.

Import of Combined Refrigerator-Freezer in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mexico	30.3	35.9	53.2	50.1	18.2%
China	24.6	18.6	20.7	14.5	-16.2%
Vietnam	0.6	2.6	4.4	4.4	94.3%
Brazil	1.7	2.6	4.1	4.0	33.0%
Thailand	6.7	5.2	6.0	2.7	-26.1%
Others	4.8	3.2	6.6	6.0	7.7%
Total	68.7	68.1	95.0	81.8	6.0%

Top Suppliers of Combined Refrigerator-Freezer to Colombia in 2022:

Mexico (109.1K units)
China (29.7K units)
Vietnam (16.8K units)
Thailand (10.5K units)
Brazil (9.8K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the combined refrigerator-freezer market in Colombia. 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 27511110 - Combined refrigerators-freezers, with separate external doors

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023