Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Colombia - 2022

Contents:

1. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Colombia (CIF) - 2022
2. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Colombia (FOB) - 2022
3. Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Colombia
4. Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Colombia

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Colombia (CIF) - 2022

In February 2022, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $61.5 per unit, with an increase of 6.1% against the previous month. Overall, import price indicated a temperate increase from February 2021 to February 2022: its price increased at an average monthly rate of +3.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, import price for refrigerating or freezing equipment; parts thereof, other than furniture increased by +23.2% against December 2021 indices. The growth pace was the most rapid in September 2021 when the average import price increased by 44% m-o-m. Over the period under review, average import prices attained the maximum in February 2022.

Prices varied noticeably by the country of origin: the country with the highest price was China ($144 per unit), while the price for Mexico ($40.2 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 Chile (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Colombia (FOB) - 2022

The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $25 per unit in 2022, falling by -7.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $27 per unit, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($31 per unit), while the average price for exports to Peru ($10 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 Ecuador (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Colombia

In 2022, approx. 647K units of refrigerating or freezing equipment; parts thereof, other than furniture were imported into Colombia; growing by 17% compared with the year before. The total import volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture surged to $29M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +74.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Colombia in 2022:

1. China (388.6K units)
2. Mexico (84.1K units)
3. Italy (50.1K units)
4. Brazil (38.9K units)
5. United States (35.8K units)
6. Spain (13.1K units)
7. Turkey (10.2K units)

Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Colombia

In 2022, shipments abroad of refrigerating or freezing equipment; parts thereof, other than furniture was finally on the rise to reach 169K units after two years of decline. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports of reached the peak figure at 169K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture soared to $4.2M in 2022. The total export value increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Colombia in 2022:

1. Ecuador (72.6K units)
2. Argentina (40.2K units)
3. Mexico (39.8K units)
4. Costa Rica (9.0K units)

Source: IndexBox Market Intelligence Platform