Chile: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Chile

In 2022, after five years of growth, there was significant decline in the Chilean refrigerator and freezer market, when its value decreased by X% to $X. Over the period under review, consumption, however, continues to indicate a mild increase. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Refrigerator And Freezer Production in Chile

In value terms, refrigerator and freezer production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt setback. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Refrigerator And Freezer Exports

Exports from Chile

For the fourth year in a row, Chile recorded growth in shipments abroad of refrigerators and freezers, which increased by X% to X units in 2022. In general, exports, however, continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, refrigerator and freezer exports rose sharply to $X in 2022. Overall, exports, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X units) was the main destination for refrigerator and freezer exports from Chile, with a X% share of total exports. Moreover, refrigerator and freezer exports to Bolivia exceeded the volume sent to the second major destination, Guatemala (X units), sixfold. The third position in this ranking was held by Mexico (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Mexico (X% per year).

In value terms, Bolivia ($X) remains the key foreign market for refrigerators and freezers exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Mexico (X% per year).

Export Prices by Country

The average refrigerator and freezer export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Argentina ($X 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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports into Chile

After two years of growth, purchases abroad of refrigerators and freezers decreased by X% to X units in 2022. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then fell significantly in the following year.

In value terms, refrigerator and freezer imports fell dramatically to $X in 2022. Over the period under review, imports, however, recorded a notable expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of refrigerator and freezer to Chile, accounting for a X% share of total imports. Moreover, refrigerator and freezer imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), more than tenfold. Vietnam (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of refrigerators and freezers to Chile, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average refrigerator and freezer import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 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 ($X per unit), while the price for China ($X 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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