Venezuela: Refrigerator Or Freezer Market 2025

Refrigerator Or Freezer Market Size in Venezuela

In 2022, after two years of growth, there was significant decline in the Venezuelan refrigerator or freezer market, when its value decreased by -40.6% to $X. Overall, consumption faced a deep reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Refrigerator Or Freezer Exports

Exports from Venezuela

In 2022, after two years of growth, there was decline in shipments abroad of furniture designed to receive refrigerating or freezing equipment, when their volume decreased by -4.1% to X units. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of 50%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, refrigerator or freezer exports fell to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 75%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X units) was the main destination for refrigerator or freezer exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia amounted to +3.1%.

In value terms, Colombia ($X) also remains the key foreign market for furniture designed to receive refrigerating or freezing equipment exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to Colombia was relatively modest.

Export Prices by Country

The average refrigerator or freezer export price stood at $X per unit in 2022, standing approx. at the previous year. Overall, the export price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2013 an increase of 16% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -2.9% per year.

Refrigerator Or Freezer Imports

Imports into Venezuela

In 2022, purchases abroad of furniture designed to receive refrigerating or freezing equipment decreased by -39.8% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 728%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, refrigerator or freezer imports fell significantly to $X in 2022. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 817% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X units), Spain (X units) and Brazil (X units) were the main suppliers of refrigerator or freezer imports to Venezuela, together comprising 68% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +25.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refrigerator or freezer suppliers to Venezuela were Spain ($X), Argentina ($X) and Brazil ($X), with a combined 50% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +21.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average refrigerator or freezer import price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. In general, the import price showed a mild decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 34%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :