Latin America and the Caribbean: Refrigerator And Freezer Market 2025

Refrigerator And Freezer Market Size in Latin America and the Caribbean

The Latin American refrigerator and freezer market was estimated at $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption showed a mild curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Refrigerator And Freezer Production in Latin America and the Caribbean

In value terms, refrigerator and freezer production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Refrigerator And Freezer Exports

Exports in Latin America and the Caribbean

Refrigerator and freezer exports shrank to X units in 2022, declining by X% against 2021. Over the period under review, exports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, refrigerator and freezer exports surged to $X in 2022. The total export 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. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Mexico dominates exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Colombia (X units), making up a X% share of total exports. Brazil (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to refrigerator and freezer exports from Mexico stood at X%. At the same time, Colombia (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico and Colombia increased by X and X percentage points, respectively.

In value terms, Mexico ($X) remains the largest refrigerator and freezer supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

In Mexico, refrigerator and freezer exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, increasing by X% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price 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, refrigerator and freezer export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced a decline in the export price figures.

Refrigerator And Freezer Imports

Imports in Latin America and the Caribbean

In 2022, approx. X units of refrigerators and freezers were imported in Latin America and the Caribbean; waning by X% compared with 2021 figures. Total imports indicated a temperate expansion from 2012 to 2022: its volume 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 2014 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 units, and then contracted in the following year.

In value terms, refrigerator and freezer imports shrank to $X in 2022. Total imports indicated a slight expansion 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 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Mexico (X units), Chile (X units), Brazil (X units), Peru (X units), Ecuador (X units), Guatemala (X units) and Colombia (X units) represented roughly X% of total imports in 2022. The Dominican Republic (X units), Bolivia (X units), Venezuela (X units), El Salvador (X units), Costa Rica (X units) and Paraguay (X units) took a little share of total imports.

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

In value terms, the largest refrigerator and freezer importing markets in Latin America and the Caribbean were Chile ($X), Mexico ($X) and Peru ($X), with a combined X% share of total imports.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a mild shrinkage. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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