Mexico - Household Refrigerators And Freezers (Not Combined) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNon-Combined Refrigerator-Freezer Price in Mexico - 2023
Contents:
- Non-Combined Refrigerator-Freezer Price in Mexico (FOB) - 2023
- Non-Combined Refrigerator-Freezer Price in Mexico (CIF) - 2023
- Non-Combined Refrigerator-Freezer Exports in Mexico
- Non-Combined Refrigerator-Freezer Imports in Mexico
Non-Combined Refrigerator-Freezer Price in Mexico (FOB) - 2023
The average non-combined refrigerator-freezer export price stood at $449 per unit in June 2023, surging by 24% against the previous month. In general, export price indicated a mild expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, non-combined refrigerator-freezer export price increased by +41.4% against April 2023 indices. The pace of growth was the most pronounced in January 2023 when the average export price increased by 34% month-to-month. The export price peaked at $505 per unit in November 2022; however, from December 2022 to June 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 June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +1.2% per month.
Non-Combined Refrigerator-Freezer Price in Mexico (CIF) - 2023
The average non-combined refrigerator-freezer import price stood at $92.6 per unit in June 2023, increasing by 24% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 32% against the previous month. The import price peaked at $110 per unit in December 2022; however, from January 2023 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($107 per unit), while the price for the United States amounted to $53.9 per unit.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.5%).
Non-Combined Refrigerator-Freezer Exports in Mexico
In 2022, after two years of decline, there was growth in shipments abroad of household refrigerators and freezers (not combined), when their volume increased by 0.1% to 259K units. Overall, exports, however, showed a sharp setback. Over the period under review, the exports hit record highs at 546K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, non-combined refrigerator-freezer exports contracted to $95M in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 0.5%. Over the period under review, the exports hit record highs at $148M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Non-Combined Refrigerator-Freezer in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 144 | 101 | 103 | 91.8 | -13.9% |
| Guatemala | 0.4 | N/A | 0.4 | 2.2 | 76.5% |
| Others | 3.5 | 2.0 | 0.1 | 0.9 | -36.4% |
| Total | 148 | 103 | 103 | 94.9 | -13.8% |
Top Export Markets for Non-Combined Refrigerator-Freezer from Mexico in 2022:
- United States (249.8K units)
- Guatemala (6.3K units)
Non-Combined Refrigerator-Freezer Imports in Mexico
In 2022, non-combined refrigerator-freezer imports into Mexico skyrocketed to 952K units, picking up by 49% on the previous year. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-combined refrigerator-freezer imports soared to $127M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.5% 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 +66.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 26%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Non-Combined Refrigerator-Freezer in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 54.3 | 63.9 | 85.9 | 105 | 24.6% |
| United States | 14.5 | 14.2 | 16.9 | 21.5 | 14.0% |
| Others | 7.5 | 3.3 | N/A | N/A | -56.0% |
| Total | 76.3 | 81.4 | 103 | 127 | 18.5% |
Top Suppliers of Non-Combined Refrigerator-Freezer to Mexico in 2022:
- China (845.1K units)
- United States (106.9K units)
This report provides an in-depth analysis of the non-combined refrigerator-freezer 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 27511133 - Household-type refrigerators (including compression-type, e lectrical absorption-type) (excluding built-in)
- Prodcom 27511135 - Compression-type built-in refrigerators
- Prodcom 27511150 - Chest freezers of a capacity . .800 litres
- Prodcom 27511170 - Upright freezers of a capacity . .900 litres
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
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