Price for Non-Furniture Refrigerating or Freezing Equipment in Argentina - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Argentina (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Argentina (FOB) - 2023
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Argentina
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Argentina
Price for Non-Furniture Refrigerating or Freezing Equipment in Argentina (CIF) - 2022
The average import price for non-furniture refrigerating or freezing equipment stood at $204 per unit in 2022, surging by 7.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2016 when the average import price increased by 15% against the previous year. As a result, import price attained the peak level of $204 per unit. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($380 per unit), while the price for China ($144 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Argentina (FOB) - 2023
In March 2023, the average export price for non-furniture refrigerating or freezing equipment amounted to $169 per unit, approximately reflecting the previous month. Over the period under review, the export price faced a abrupt curtailment. As a result, the export price attained the peak level of $919 per unit. From April 2022 to March 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Uruguay.
From March 2022 to March 2023, the rate of growth in terms of prices for Uruguay amounted to -5.0% per month.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Argentina
In 2022, non-furniture refrigerating or freezing equipment imports into Argentina surged to 213K units, jumping by 16% compared with 2021 figures. In general, imports, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 23%. Imports peaked at 237K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, non-furniture refrigerating or freezing equipment imports skyrocketed to $44M in 2022. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 5.8 | 8.5 | 14.2 | 22.1% |
| Brazil | 6.2 | 3.9 | 7.0 | 7.6 | 7.0% |
| Italy | 7.0 | 4.5 | 5.5 | 6.8 | -1.0% |
| Ireland | 0.6 | 1.9 | 2.4 | 3.1 | 72.9% |
| France | 2.5 | 1.1 | 1.2 | 1.9 | -8.7% |
| South Korea | 0.6 | 0.9 | 0.7 | 1.7 | 41.5% |
| Poland | 0.2 | 0.1 | 1.1 | 1.5 | 95.7% |
| United States | 5.3 | 3.5 | 2.8 | 1.5 | -34.3% |
| Peru | 2.5 | 0.7 | N/A | N/A | -72.0% |
| Others | 6.7 | 3.7 | 5.8 | 5.2 | -8.1% |
| Total | 39.3 | 26.2 | 35.0 | 43.5 | 3.4% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Argentina in 2022:
- China (98.7K units)
- Brazil (48.5K units)
- Italy (18.0K units)
- Ireland (13.6K units)
- France (10.2K units)
- South Korea (9.3K units)
- Poland (6.8K units)
- United States (4.8K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Argentina
After two years of decline, overseas shipments of non-furniture refrigerating or freezing equipment increased by 187% to 7.1K units in 2022. Overall, exports, however, showed a dramatic slump. The exports peaked at 19K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, non-furniture refrigerating or freezing equipment exports surged to $1.6M in 2022. Over the period under review, exports, however, recorded a dramatic downturn. Over the period under review, the exports attained the maximum at $3.6M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 147 | 244 | 367 | 871 | 81.0% |
| Chile | 1,776 | 1,476 | N/A | 321 | -43.5% |
| Paraguay | 553 | 485 | N/A | 223 | -26.1% |
| United States | 132 | 119 | 63.0 | 136 | 1.0% |
| Mexico | 236 | 163 | N/A | 76.8 | -31.2% |
| Bolivia | 550 | 389 | N/A | N/A | -29.3% |
| Brazil | 119 | 48.0 | N/A | N/A | -59.7% |
| Others | 76.3 | 282 | N/A | N/A | 269.6% |
| Total | 3,590 | 3,206 | 430 | 1,628 | -23.2% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Argentina in 2022:
- Uruguay (4.0K units)
- Paraguay (1.8K units)
- Chile (1.0K units)
- Mexico (0.3K units)
- United States (0.2K units)
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