Ecuador: Combined Refrigerator-Freezer Market 2025

Combined Refrigerator-Freezer Market Size in Ecuador

The Ecuadorian combined refrigerator-freezer market reduced to $X in 2022, which is down by -12.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate noticeable growth. Combined refrigerator-freezer consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Combined Refrigerator-Freezer Exports

Exports from Ecuador

In 2022, combined refrigerator-freezer exports from Ecuador declined significantly to X units, dropping by -23.5% compared with the year before. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 89%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, combined refrigerator-freezer exports contracted dramatically to $X in 2022. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 82% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Dominican Republic (X units), Peru (X units) and El Salvador (X units) were the main destinations of combined refrigerator-freezer exports from Ecuador, with a combined 94% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +23.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Dominican Republic ($X), Peru ($X) and El Salvador ($X) appeared to be the largest markets for combined refrigerator-freezer exported from Ecuador worldwide, together accounting for 94% of total exports.

In terms of the main countries of destination, the Dominican Republic, with a CAGR of +24.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average combined refrigerator-freezer export price amounted to $X per unit, approximately reflecting the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 7.2%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Guatemala ($X per unit) and El Salvador ($X per unit), while the average price for exports to Peru ($X per unit) and Colombia ($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 Venezuela (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Combined Refrigerator-Freezer Imports

Imports into Ecuador

In 2022, the amount of combined refrigerators-freezers imported into Ecuador declined to X units, with a decrease of -8.6% against the previous year's figure. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.4% against 2017 indices. The pace of growth was the most pronounced in 2017 when imports increased by 82%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, combined refrigerator-freezer imports dropped to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 59% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Colombia (X units), China (X units) and Brazil (X units) were the main suppliers of combined refrigerator-freezer imports to Ecuador, with a combined 89% share of total imports. Mexico, Thailand and South Korea lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +68.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Colombia ($X) and Mexico ($X) constituted the largest combined refrigerator-freezer suppliers to Ecuador, together comprising 85% of total imports. Brazil, Thailand and South Korea lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Thailand, with a CAGR of +64.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average combined refrigerator-freezer import price stood at $X per unit in 2022, which is down by -5.3% against the previous year. Overall, the import price saw a perceptible decrease. The pace of growth appeared the most rapid in 2018 an increase of 23%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Colombia ($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 (+15.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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