Price for Non-Furniture Refrigerating or Freezing Equipment in Brazil - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Brazil (CIF) - 2023
- Price for Non-Furniture Refrigerating or Freezing Equipment in Brazil (FOB) - 2023
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Brazil
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Brazil
Price for Non-Furniture Refrigerating or Freezing Equipment in Brazil (CIF) - 2023
In August 2023, the average import price for non-furniture refrigerating or freezing equipment amounted to $143 per unit, shrinking by -3.6% against the previous month. Overall, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in September 2022 an increase of 16% m-o-m. As a result, import price reached the peak level of $198 per unit. From October 2022 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($341 per unit), while the price for China ($109 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Brazil (FOB) - 2023
The average export price for non-furniture refrigerating or freezing equipment stood at $227 per unit in August 2023, reducing by -6.5% against the previous month. Overall, export price indicated tangible growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, non-furniture refrigerating or freezing equipment export price decreased by -6.5% against July 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 39% month-to-month. Over the period under review, the average export prices hit record highs at $243 per unit in July 2023, and then reduced in the following month.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Peru ($430 per unit), while the average price for exports to Guatemala ($125 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Brazil
In 2022, overseas purchases of non-furniture refrigerating or freezing equipment decreased by -14.9% to 788K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of 926K units, and then reduced in the following year.
In value terms, non-furniture refrigerating or freezing equipment imports rose notably to $135M in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.9 | 34.7 | 54.8 | 52.9 | 23.8% |
| United States | 29.6 | 23.6 | 25.9 | 29.9 | 0.3% |
| Ireland | 17.7 | 16.3 | 11.3 | 19.1 | 2.6% |
| Italy | 11.0 | 8.3 | 13.1 | 16.7 | 14.9% |
| Others | 17.3 | 13.8 | 23.7 | 16.6 | -1.4% |
| Total | 104 | 96.6 | 129 | 135 | 9.1% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Brazil in 2022:
- China (486.3K units)
- United States (143.3K units)
- Ireland (78.7K units)
- Italy (75.7K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Brazil
In 2022, approx. 370K units of non-furniture refrigerating or freezing equipment were exported from Brazil; picking up by 33% against the year before. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, non-furniture refrigerating or freezing equipment exports skyrocketed to $61M in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 2.9 | 3.5 | 4.2 | 12.3 | 61.9% |
| United States | 6.4 | 4.7 | 9.9 | 10.7 | 18.7% |
| Argentina | 6.1 | 6.9 | 6.6 | 8.0 | 9.5% |
| Uruguay | 1.0 | 0.7 | 1.7 | 6.8 | 89.5% |
| Chile | 2.6 | 1.6 | 2.1 | 3.9 | 14.5% |
| Peru | 3.4 | 0.6 | 2.7 | 3.3 | -1.0% |
| Dominican Republic | 1.1 | 3.4 | 1.1 | 1.9 | 20.0% |
| Angola | N/A | N/A | N/A | 1.8 | 0% |
| Ecuador | 0.7 | 1.0 | 1.2 | 1.7 | 34.4% |
| Colombia | 1.2 | 0.9 | 0.9 | 1.6 | 10.1% |
| Bolivia | 1.8 | 0.8 | 2.4 | 1.5 | -5.9% |
| Mexico | 1.2 | 1.3 | 1.3 | 1.5 | 7.7% |
| Venezuela | 0.5 | 1.0 | 1.2 | 1.3 | 37.5% |
| Others | 3.9 | 4.5 | 4.3 | 4.2 | 2.5% |
| Total | 32.7 | 30.8 | 39.6 | 60.6 | 22.8% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Brazil in 2022:
- United States (67.5K units)
- Paraguay (66.3K units)
- Uruguay (63.4K units)
- Argentina (55.1K units)
- Peru (22.6K units)
- Bolivia (18.6K units)
- Chile (15.0K units)
- Mexico (11.0K units)
- Dominican Republic (10.7K units)
- Angola (10.1K units)
- Venezuela (8.9K units)
- Ecuador (7.8K units)
- Colombia (6.3K units)
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