Mexico - Compressors For Refrigeration Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefrigerator Compressor Price in Mexico - 2023
Contents:
- Refrigerator Compressor Price in Mexico (CIF) - 2022
- Refrigerator Compressor Price in Mexico (FOB) - 2023
- Refrigerator Compressor Imports in Mexico
- Refrigerator Compressor Exports in Mexico
Refrigerator Compressor Price in Mexico (CIF) - 2022
The average refrigerator compressor import price stood at $50 per unit in 2022, surging by 11% against the previous year. Overall, the import price, however, continues to indicate a mild shrinkage. The import price peaked at $69 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($82 per unit), while the price for Hungary ($16 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Refrigerator Compressor Price in Mexico (FOB) - 2023
The average refrigerator compressor export price stood at $97.2 per unit in June 2023, surging by 14% against the previous month. Overall, the export price posted a strong increase. The growth pace was the most rapid in May 2023 an increase of 92% month-to-month. The export price peaked in June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($94.8 per unit), while the average price for exports to Colombia stood at $31.8 per unit.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.3%).
Refrigerator Compressor Imports in Mexico
In 2022, the amount of compressors for refrigeration equipment imported into Mexico expanded remarkably to 26M units, growing by 7.9% on the previous year. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.9% 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 +53.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, refrigerator compressor imports soared to $1.3B in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.7% 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 +52.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.
Import of Refrigerator Compressor in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 438 | 389 | 395 | 485 | 3.5% |
China | 174 | 145 | 240 | 328 | 23.5% |
South Korea | 142 | 167 | 224 | 274 | 24.5% |
Thailand | 15.6 | 37.5 | 61.7 | 55.5 | 52.7% |
Japan | 26.1 | 15.9 | 49.6 | 47.7 | 22.3% |
Brazil | 43.1 | 30.9 | 27.4 | 16.5 | -27.4% |
Germany | 9.7 | 10.7 | 19.0 | 13.9 | 12.7% |
Hungary | 0.1 | 0.2 | 8.2 | 9.1 | 349.8% |
Others | 72.0 | 44.1 | 50.8 | 54.6 | -8.8% |
Total | 921 | 841 | 1,075 | 1,284 | 11.7% |
Top Suppliers of Refrigerator Compressor to Mexico in 2022:
- United States (9.4M units)
- China (8.6M units)
- South Korea (3.4M units)
- Japan (1.2M units)
- Thailand (1.2M units)
- Hungary (0.6M units)
- Germany (0.5M units)
- Brazil (0.3M units)
Refrigerator Compressor Exports in Mexico
In 2022, shipments abroad of compressors for refrigeration equipment was finally on the rise to reach 18M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, refrigerator compressor exports soared to $958M in 2022. The total export value increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Refrigerator Compressor in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 695 | 604 | 688 | 907 | 9.3% |
Colombia | 9.5 | 5.8 | 12.1 | 5.5 | -16.7% |
Others | 55.7 | 46.4 | 30.3 | 45.1 | -6.8% |
Total | 760 | 656 | 730 | 958 | 8.0% |
Top Export Markets for Refrigerator Compressor from Mexico in 2022:
- United States (17.4M units)
- Colombia (0.2M units)
This report provides an in-depth analysis of the refrigerator compressor market in Mexico. 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:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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