Mexico: Non-Combined Refrigerator-Freezer Market 2025

Non-Combined Refrigerator-Freezer Market Size in Mexico

In 2022, the Mexican non-combined refrigerator-freezer market increased by 13% to $X, rising for the third consecutive year after five years of decline. Overall, consumption, however, saw a slight decline. Non-combined refrigerator-freezer consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Non-Combined Refrigerator-Freezer Production in Mexico

In value terms, non-combined refrigerator-freezer production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. Non-combined refrigerator-freezer production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Non-Combined Refrigerator-Freezer Exports

Exports from Mexico

Non-combined refrigerator-freezer exports from Mexico dropped to X units in 2022, shrinking by -11.3% against 2021 figures. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 40% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-combined refrigerator-freezer exports shrank to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2013 when exports increased by 2.8% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for non-combined refrigerator-freezer exports from Mexico, with a 96% share of total exports. It was followed by Guatemala (X units), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-14.5% per year) and Colombia (-53.9% per year).

In value terms, the United States ($X) remains the key foreign market for household refrigerators and freezers (not combined) exports from Mexico, comprising 97% of total exports. The second position in the ranking was held by Guatemala ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-10.0% per year) and Colombia (-53.1% per year).

Export Prices by Country

The average non-combined refrigerator-freezer export price stood at $X per unit in 2022, with an increase of 3.4% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 43% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Mexico

In 2022, non-combined refrigerator-freezer imports into Mexico surged to X units, with an increase of 50% on the previous year. Over the period under review, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-combined refrigerator-freezer imports surged to $X in 2022. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 27%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-combined refrigerator-freezer to Mexico, accounting for a 88% share of total imports. Moreover, non-combined refrigerator-freezer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +16.4%.

In value terms, China ($X) constituted the largest supplier of household refrigerators and freezers (not combined) to Mexico, comprising 83% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +27.2%.

Import Prices by Country

The average non-combined refrigerator-freezer import price stood at $X per unit in 2022, waning by -17.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.2%).

Source: IndexBox Platform

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