Colombia - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRefrigerator and Freezer Price in Colombia - 2022
Contents:
- Refrigerator and Freezer Price in Colombia (CIF) - 2022
- Refrigerator and Freezer Price in Colombia (FOB) - 2022
- Refrigerator and Freezer Imports in Colombia
- Refrigerator and Freezer Exports in Colombia
Refrigerator and Freezer Price in Colombia (CIF) - 2022
In 2022, the average refrigerator and freezer import price amounted to $340 per unit, surging by 5.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 17% against the previous year. The import price peaked at $359 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($1,570 per unit), while the price for China ($215 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Refrigerator and Freezer Price in Colombia (FOB) - 2022
The average refrigerator and freezer export price stood at $243 per unit in 2022, surging by 13% against the previous year. Overall, the export price, however, showed a mild decline. Over the period under review, the average export prices reached the peak figure at $268 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Chile ($269 per unit) and Venezuela ($258 per unit), while the average price for exports to Ecuador ($230 per unit) and El Salvador ($235 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.
Refrigerator and Freezer Imports in Colombia
Refrigerator and freezer imports into Colombia shrank to 346K units in 2022, dropping by -7.1% on 2021 figures. In general, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Over the period under review, imports reached the maximum at 381K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, refrigerator and freezer imports shrank slightly to $118M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; 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 42%. As a result, imports reached the peak of $120M, and then reduced slightly in the following year.
Import of Refrigerator and Freezer in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 30.4 | 36.0 | 53.3 | 50.2 | 18.2% |
China | 47.8 | 32.4 | 43.2 | 40.6 | -5.3% |
Brazil | 1.8 | 2.8 | 4.5 | 4.5 | 35.7% |
Vietnam | 0.6 | 2.6 | 4.4 | 4.4 | 94.3% |
Thailand | 6.7 | 5.2 | 6.0 | 2.7 | -26.1% |
Others | 7.7 | 5.6 | 8.9 | 15.4 | 26.0% |
Total | 95.0 | 84.6 | 120 | 118 | 7.5% |
Top Suppliers of Refrigerator and Freezer to Colombia in 2022:
- China (188.4K units)
- Mexico (109.1K units)
- Vietnam (16.8K units)
- Brazil (11.3K units)
- Thailand (10.5K units)
Refrigerator and Freezer Exports in Colombia
In 2022, shipments abroad of refrigerators and freezers decreased by -10% to 603K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 43%. As a result, the exports reached the peak of 670K units, and then declined in the following year.
In value terms, refrigerator and freezer exports expanded modestly to $147M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 50%. The exports peaked in 2022 and are likely to continue growth in years to come.
Export of Refrigerator and Freezer in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Dominican Republic | 16.2 | 13.7 | 25.2 | 31.5 | 24.8% |
Guatemala | 14.2 | 15.9 | 23.1 | 26.3 | 22.8% |
Ecuador | 22.2 | 19.6 | 20.0 | 22.4 | 0.3% |
Peru | 14.4 | 18.1 | 20.4 | 16.5 | 4.6% |
Honduras | 10.0 | 8.9 | 16.1 | 15.2 | 15.0% |
El Salvador | 10.7 | 9.8 | 19.0 | 12.9 | 6.4% |
Costa Rica | 1.7 | 2.2 | 3.9 | 5.0 | 43.3% |
Chile | 3.3 | 3.3 | 6.1 | 2.0 | -15.4% |
Others | 3.2 | 4.2 | 9.8 | 14.8 | 66.6% |
Total | 96.0 | 95.7 | 144 | 147 | 15.3% |
Top Export Markets for Refrigerator and Freezer from Colombia in 2022:
- Dominican Republic (127.7K units)
- Guatemala (109.0K units)
- Ecuador (97.2K units)
- Peru (65.4K units)
- Honduras (62.7K units)
- El Salvador (55.0K units)
- Costa Rica (20.4K units)
- Chile (7.3K units)
This report provides an in-depth analysis of the refrigerator and freezer market in Colombia. 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 27511110 - Combined refrigerators-freezers, with separate external doors
- 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
This report provides an in-depth analysis of the refrigerator and freezer market in Colombia.
This report provides an in-depth analysis of the refrigerating show-cases market in Colombia.
This report provides an in-depth analysis of the domestic appliances market in Colombia.
This report provides an in-depth analysis of the non-combined refrigerator-freezer market in Colombia.
This report provides an in-depth analysis of the heat pump market in Colombia.
This report provides an in-depth analysis of the household refrigerator market in Colombia.
This report provides an in-depth analysis of the refrigerator or freezer market in Colombia.
This report provides an in-depth analysis of the built-in refrigerator market in Colombia.
This report provides an in-depth analysis of the combined refrigerator-freezer market in Colombia.
This report provides an in-depth analysis of the commercial refrigeration equipment market in Colombia.
Explore the world's best import markets for refrigerators and freezers, backed by key statistics and data from the IndexBox market intelligence platform.
The global refrigerator and freezer market revenue amounted to $72.8B in 2017, picking up by 19% against the previous year...
In 2016, the amount of refrigerator imported worldwide totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over t...
In 2016, the amount of refrigerator imported worldwide totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over t...
Mexico edged ahead of China in the global refrigerator and freezer trade with $X in total sales. In 2014, these two countries were the main global suppliers of refrigerators and freezers with a combined share of X% of global exports. Mexico's mai
In 2013, China (X million units) and the Republic of Korea (X million units) were the main exporters of combined refrigerators and freezers in the world, together comprising X% of global exports.
Discover the top import markets for refrigerating show-cases worldwide, including key statistics and import values for each country. Explore the growth potential of these markets and capitalize on the increasing demand for advanced refrigeration technologies.
Discover the world's top import markets for Non-Combined Refrigerator-Freezer based on import values in 2022. Gain insights into the key statistics and market dynamics using IndexBox market intelligence platform.
Explore the top import markets for heat pumps around the world in 2023 based on data from IndexBox. Discover key statistics and trends in the global heat pump market.
Explore the top import markets for combined refrigerator-freezers, including the United States, Japan, Germany, and more. Discover key statistics and insights from IndexBox platform.