Guatemala: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Guatemala

The Guatemalan refrigerator and freezer market expanded significantly to $X in 2022, increasing by X% 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). Overall, consumption, however, enjoyed a remarkable increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Refrigerator And Freezer Exports

Exports from Guatemala

In 2022, overseas shipments of refrigerators and freezers increased by X% to X units, rising for the third consecutive year after three years of decline. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, refrigerator and freezer exports soared to $X in 2022. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

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

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

Among the main countries of destination, Jamaica, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Jamaica ($X per unit), while the average price for exports to Panama ($X per unit) and Costa Rica ($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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Refrigerator And Freezer Imports

Imports into Guatemala

In 2022, approx. X units of refrigerators and freezers were imported into Guatemala; approximately reflecting the previous year's figure. Overall, imports posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, refrigerator and freezer imports rose rapidly to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Mexico (X units) and Colombia (X units) were the main suppliers of refrigerator and freezer imports to Guatemala, with a combined X% share of total imports. Chile, the United States and Indonesia lagged somewhat behind, together comprising a further X%.

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

In value terms, Mexico ($X), China ($X) and Colombia ($X) constituted the largest refrigerator and freezer suppliers to Guatemala, with a combined X% share of total imports. Chile, the United States and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Chile, with a CAGR of X%, 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

In 2022, the average refrigerator and freezer import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform