Report Update: May 1, 2024

Chile - Compressors For Refrigeration Equipment - Market Analysis, Forecast, Size, Trends And Insights

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Refrigerator Compressor Price in Chile - 2023

Refrigerator Compressor Price in Chile (CIF) - 2022

In 2022, the average refrigerator compressor import price amounted to $114 per unit, growing by 32% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average import price increased by 41% against the previous year. The import price peaked at $136 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($526 per unit), while the price for China ($48 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.3%), while the prices for the other major suppliers experienced a decline.

Refrigerator Compressor Price in Chile (FOB) - 2022

The average refrigerator compressor export price stood at $625 per unit in 2022, rising by 67% against the previous year. Over the period under review, the export price saw a slight increase. The growth pace was the most rapid in 2019 an increase of 120%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($2,284 per unit), while the average price for exports to Venezuela ($84 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 (+43.2%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Compressor Imports in Chile

In 2022, overseas purchases of compressors for refrigeration equipment decreased by -32.7% to 181K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +5.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. As a result, imports reached the peak of 269K units, and then reduced rapidly in the following year.

In value terms, refrigerator compressor imports reduced to $21M in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of $23M, and then reduced in the following year.

Import of Refrigerator Compressor in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.0	3.2	6.5	4.2	11.9%
Brazil	5.8	3.1	4.7	3.8	-13.1%
United States	3.7	2.8	3.2	2.9	-7.8%
Italy	1.9	1.2	1.0	1.7	-3.6%
Spain	1.2	0.8	1.2	1.4	5.3%
Thailand	0.5	2.2	0.9	0.9	21.6%
United Arab Emirates	N/A	N/A	N/A	0.8	0%
Slovakia	0.8	0.5	1.4	0.6	-9.1%
Others	3.9	3.9	4.5	4.4	4.1%
Total	20.8	17.7	23.3	20.7	-0.2%

Top Suppliers of Refrigerator Compressor to Chile in 2022:

China (89.0K units)
Brazil (41.1K units)
Spain (17.6K units)
Slovakia (6.2K units)
United States (5.6K units)
United Arab Emirates (5.2K units)
Italy (3.8K units)
Thailand (2.6K units)

Refrigerator Compressor Exports in Chile

In 2022, refrigerator compressor exports from Chile reduced notably to 4.2K units, waning by -47.9% compared with the previous year's figure. Over the period under review, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 117%. Over the period under review, the exports reached the maximum at 10K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, refrigerator compressor exports contracted to $2.6M in 2022. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year. Over the period under review, the exports hit record highs at $3.3M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Refrigerator Compressor in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bolivia	423	641	900	1,441	50.5%
Peru	1,917	630	1,213	623	-31.2%
Uruguay	314	194	71.1	210	-12.5%
Argentina	182	101	232	87.1	-21.8%
United States	43.7	78.9	289	28.3	-13.5%
Ecuador	105	22.5	2.1	27.4	-36.1%
Honduras	N/A	5.7	N/A	14.3	58.4%
Venezuela	17.9	1.7	2.4	1.9	-52.7%
Others	303	67.1	293	184	-15.3%
Total	3,306	1,741	3,001	2,618	-7.5%

Top Export Markets for Refrigerator Compressor from Chile in 2022:

Peru (1861.0 units)
Bolivia (1077.0 units)
Argentina (575.0 units)
Uruguay (217.0 units)
United States (192.0 units)
Honduras (66.0 units)
Venezuela (23.0 units)
Ecuador (12.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refrigerator compressor market in Chile. 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 28132300 - Compressors for refrigeration equipment

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023