Costa Rica: Refrigerator And Freezer Market 2025

Refrigerator And Freezer Market Size in Costa Rica

In 2022, the Costa Rican refrigerator and freezer market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Refrigerator And Freezer Production in Costa Rica

In value terms, refrigerator and freezer production rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Refrigerator and freezer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Refrigerator And Freezer Exports

Exports from Costa Rica

In 2022, shipments abroad of refrigerators and freezers decreased by X% to X units, falling for the seventh consecutive year after two years of growth. Over the period under review, exports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, refrigerator and freezer exports dropped dramatically to $X in 2022. In general, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Guatemala (X units), El Salvador (X units) and Honduras (X units) were the main destinations of refrigerator and freezer exports from Costa Rica, together accounting for X% of total exports. Nicaragua and Panama lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for refrigerator and freezer exported from Costa Rica were Guatemala ($X), El Salvador ($X) and Honduras ($X), with a combined X% share of total exports. Nicaragua and Panama lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Panama, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average refrigerator and freezer export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Nicaragua ($X per unit) and Honduras ($X per unit), while the average price for exports to Panama ($X per unit) and El Salvador ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports into Costa Rica

In 2022, after three years of growth, there was significant decline in overseas purchases of refrigerators and freezers, when their volume decreased by X% to X units. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, refrigerator and freezer imports dropped to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped modestly in the following year.

Imports by Country

Mexico (X units), China (X units) and Colombia (X units) were the main suppliers of refrigerator and freezer imports to Costa Rica, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

The average refrigerator and freezer import price stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per unit) and Mexico ($X per unit), while the price for China ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform