Price for Non-Furniture Refrigerating or Freezing Equipment in Guatemala - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Guatemala (CIF) - 2023
- Price for Non-Furniture Refrigerating or Freezing Equipment in Guatemala (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Guatemala
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Guatemala
Price for Non-Furniture Refrigerating or Freezing Equipment in Guatemala (CIF) - 2023
The average import price for non-furniture refrigerating or freezing equipment stood at $104 per unit in December 2023, falling by -42.3% against the previous month. In general, the import price recorded a pronounced setback. The pace of growth appeared the most rapid in October 2023 an increase of 38% against the previous month. The import price peaked at $180 per unit in November 2023, and then shrank markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Italy ($507 per unit), while the price for Hong Kong SAR ($69.6 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Guatemala (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $93 per unit in 2022, therefore, remained relatively stable against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-furniture refrigerating or freezing equipment export price increased by +27.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 41% against the previous year. Over the period under review, the average export prices hit record highs at $101 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($371 per unit), while the average price for exports to Curacao ($61 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Guatemala
Non-furniture refrigerating or freezing equipment imports into Guatemala skyrocketed to 136K units in 2022, picking up by 44% against the previous year's figure. Overall, imports recorded a measured increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment imports skyrocketed to $18M in 2022. Over the period under review, imports recorded a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 77% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 1.9 | 3.8 | 8.6 | 43.7% |
| United States | 4.7 | 2.1 | 4.6 | 2.3 | -21.2% |
| Mexico | 0.7 | 1.0 | 1.3 | 2.2 | 46.5% |
| Denmark | 0.2 | 0.2 | 0.1 | 1.3 | 86.6% |
| Turkey | N/A | N/A | N/A | 1.2 | 0% |
| Italy | 0.2 | 0.3 | 0.5 | 0.8 | 58.7% |
| Dominican Republic | 0.6 | 0.3 | 0.1 | 0.1 | -45.0% |
| El Salvador | 0.3 | 0.2 | 0.2 | N/A | -18.4% |
| Others | 1.8 | 0.6 | 1.3 | 1.1 | -15.1% |
| Total | 11.3 | 6.7 | 11.9 | 17.6 | 15.9% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Guatemala in 2022:
- China (98.0K units)
- Mexico (13.0K units)
- United States (12.7K units)
- Turkey (2.8K units)
- Denmark (2.4K units)
- Italy (2.3K units)
- Dominican Republic (1.0K units)
- El Salvador (0.1K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Guatemala
After two years of decline, shipments abroad of non-furniture refrigerating or freezing equipment increased by 840% to 34K units in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment exports soared to $3.2M in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 123 | 208 | 131 | 1,398 | 124.8% |
| Nicaragua | N/A | 56.4 | 105 | 791 | 274.5% |
| Dominican Republic | 0.1 | N/A | 26.4 | 579 | 1695.7% |
| Belize | 35.9 | 10.8 | N/A | 197 | 76.4% |
| Costa Rica | N/A | 10.0 | 7.4 | 64.6 | 154.2% |
| Honduras | 54.9 | 40.4 | 38.1 | 44.4 | -6.8% |
| Curacao | N/A | N/A | N/A | 32.4 | 0% |
| Cuba | 30.9 | N/A | N/A | N/A | 0% |
| Others | 52.6 | 2.8 | 32.5 | 75.6 | 12.9% |
| Total | 297 | 328 | 341 | 3,183 | 120.5% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Guatemala in 2022:
- El Salvador (15.6K units)
- Nicaragua (8.9K units)
- Dominican Republic (7.1K units)
- Belize (0.8K units)
- Curacao (0.5K units)
- Costa Rica (0.3K units)
- Honduras (0.2K units)
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