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Mexico - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Mexico - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights

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Jul 7, 2023

Mexico's Commercial Refrigeration Equipment Price Falls Notably to $364 per Unit

Mexico Commercial Refrigeration Equipment Export Price in January 2023

In January 2023, the commercial refrigeration equipment price amounted to $364 per unit (FOB, Mexico), declining by -11.3% against the previous month. Over the period under review, the export price saw a slight descent. The growth pace was the most rapid in August 2022 when the average export price increased by 13% month-to-month. The export price peaked at $461 per unit in January 2022; however, from February 2022 to January 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From January 2022 to January 2023, the rate of growth in terms of prices for the United States amounted to -1.8% per month.

COUNTRYExport Price of Commercial Refrigeration Equipment in Mexico (USD per unit)
Jan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023
United States455392418369389420348392391432409409365
Average461393422375391418351397392434408411364

Mexico Commercial Refrigeration Equipment Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was refrigerated show-cases ($1,720 per unit), while the average price for exports of refrigerating or freezing equipment amounted to $247 per unit.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for the following types: refrigerated show-cases (-0.2%), while the prices for the other product experienced a decline.

Mexico Commercial Refrigeration Equipment Exports

In January 2023, after two months of growth, there was significant decline in overseas shipments of refrigerating and freezing equipment and heat pumps (except household type equipment), when their volume decreased by -38.5% to 180K units. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when exports increased by 67% m-o-m. The exports peaked at 360K units in July 2022; however, from August 2022 to January 2023, the exports failed to regain momentum.

In value terms, commercial refrigeration equipment exports reduced remarkably to $65M (IndexBox estimates) in January 2023. In general, exports saw a mild decrease. The pace of growth was the most pronounced in February 2022 with an increase of 43% against the previous month. The exports peaked at 132M units in April 2022; however, from May 2022 to January 2023, the exports remained at a lower figure.

Mexico Commercial Refrigeration Equipment Exports by Type

Refrigerating or freezing equipment (165K units) was the largest type of commercial refrigeration equipment exported from Mexico, accounting for a 92% share of total exports. Moreover, refrigerating or freezing equipment exceeded the volume of the second product type, refrigerated show-cases (14K units), more than tenfold.

From January 2022 to January 2023, the average monthly rate of growth in terms of the volume of export of refrigerating or freezing equipment was relatively modest.

In value terms, the most traded types of refrigerating and freezing equipment and heat pumps (except household type equipment) in Mexico were refrigerating or freezing equipment ($41M) and refrigerated show-cases ($25M).

Among the main product categories, refrigerating or freezing equipment; heat pumps, other than compression type units whose condensers are heat exchangers, with a CAGR of -0.6%, recorded the highest growth rate of the value of exports, over the period under review.

Mexico Commercial Refrigeration Equipment Exports by Country

the United States (176K units) was the main destination for commercial refrigeration equipment exports from Mexico, accounting for a approximately 98% share of total exports.

From January 2022 to January 2023, the average monthly rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($64M) also remains the key foreign market for commercial refrigeration equipment exports from Mexico.

From January 2022 to January 2023, the average monthly rate of growth in terms of value to the United States totaled -1.5%.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the commercial refrigeration equipment 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 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
  • Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
  • Prodcom 28251340 -
  • Prodcom 28251350 -
  • Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
  • Prodcom 28251390 - Other refrigerating or freezing 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:

  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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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