Report Mexico - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 3, 2022

Mexico - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends and Insights
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Mexico: Combined Refrigerator-Freezer Market 2022

Combined Refrigerator-Freezer Market Size in Mexico

In 2021, the Mexican combined refrigerator-freezer market decreased by -20.2% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption recorded a deep reduction. The growth pace was the most rapid in 2016 with an increase of 4.8% against the previous year. Combined refrigerator-freezer consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Combined Refrigerator-Freezer Production in Mexico

In value terms, combined refrigerator-freezer production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 13%. Over the period under review, production attained the maximum level at $X in 2020, and then contracted modestly in the following year.

Combined Refrigerator-Freezer Exports

Exports from Mexico

In 2021, combined refrigerator-freezer exports from Mexico expanded sharply to X units, surging by 14% against the previous year's figure. Overall, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +64.9% against 2012 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 19%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, combined refrigerator-freezer exports soared to $X in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 22%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for combined refrigerator-freezer exports from Mexico, accounting for a 82% share of total exports. Moreover, combined refrigerator-freezer exports to the United States exceeded the volume sent to the second major destination, Canada (X units), more than tenfold. Panama (X units) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+2.7% per year) and Panama (+116.2% per year).

In value terms, the United States ($X) remains the key foreign market for combined refrigerator-freezer exports from Mexico, comprising 86% of total exports. The second position in the ranking was taken by Canada ($X), with a 6% share of total exports. It was followed by Panama, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+2.0% per year) and Panama (+122.8% per year).

Export Prices by Country

The average combined refrigerator-freezer export price stood at $X per unit in 2021, growing by 2.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 3.2%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Combined Refrigerator-Freezer Imports

Imports into Mexico

In 2021, after two years of decline, there was significant growth in overseas purchases of combined refrigerators-freezers, when their volume increased by 45% to X units. In general, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 61% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, combined refrigerator-freezer imports surged to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 51% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of combined refrigerator-freezer to Mexico, accounting for a 82% share of total imports. Moreover, combined refrigerator-freezer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. South Korea (X units) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.2% per year) and South Korea (-15.4% per year).

In value terms, China ($X) constituted the largest supplier of combined refrigerator-freezer to Mexico, comprising 67% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.3% per year) and South Korea (-3.9% per year).

Import Prices by Country

In 2021, the average combined refrigerator-freezer import price amounted to $X per unit, dropping by -10% against the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 24%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by South Korea (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for combined refrigerators-freezers in the world?
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The countries with the highest volumes of consumption in 2021 were China, the United States and Japan, with a combined 43% share of global consumption. These countries were followed by Thailand, India, Indonesia, Brazil, Germany, South Korea, Russia, Vietnam, the UK and Mexico, which together accounted for a further 32%.
What are the largest producers of combined refrigerators-freezers in the world?
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The country with the largest volume of combined refrigerator-freezer production was China, comprising approx. 39% of total volume. Moreover, combined refrigerator-freezer production in China exceeded the figures recorded by the second-largest producer, Thailand, fivefold. The third position in this ranking was taken by Mexico, with a 6.7% share.
What are the leading suppliers of combined refrigerators-freezers to Mexico?
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In value terms, China constituted the largest supplier of combined refrigerator-freezer to Mexico, comprising 67% of total imports. The second position in the ranking was held by the United States, with an 18% share of total imports. It was followed by South Korea, with a 13% share.
What are the leading importers of combined refrigerators-freezers from Mexico?
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In value terms, the United States remains the key foreign market for combined refrigerator-freezer exports from Mexico, comprising 86% of total exports. The second position in the ranking was taken by Canada, with a 6% share of total exports. It was followed by Panama, with a 1.9% share.
What is the average export price for combined refrigerators-freezers in Mexico?
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The average combined refrigerator-freezer export price stood at $533 per unit in 2021, rising by 2.8% against the previous year.
What is the average import price for combined refrigerators-freezers in Mexico?
+
The average combined refrigerator-freezer import price stood at $256 per unit in 2021, falling by -10% against the previous year.

This report provides an in-depth analysis of the combined refrigerator-freezer 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 27511110 - Combined refrigerators-freezers, with separate external doors
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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