Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Guatemala - 2023
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Guatemala (CIF) - 2023
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Guatemala (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Guatemala
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Guatemala
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Guatemala (CIF) - 2023
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $33.8 per unit in December 2023, increasing by 16% against the previous month. Over the period under review, the import price, however, continues to indicate a noticeable setback. The growth pace was the most rapid in September 2023 an increase of 42% month-to-month. The import price peaked at $51.1 per unit in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Malaysia ($150 per unit), while the price for China ($24.5 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the prices for the other major suppliers experienced a decline.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Guatemala (FOB) - 2022
In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $27 per unit, waning by -4.3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 20%. As a result, the export price reached the peak level of $32 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($46 per unit), while the average price for exports to the Dominican Republic ($14 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 Nicaragua (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Guatemala
In 2022, approx. 357K units of refrigerating or freezing equipment; parts thereof, other than furniture were imported into Guatemala; growing by 33% against 2021 figures. Over the period under review, imports showed a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 122% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture surged to $14M in 2022. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 128%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 1.0 | 3.7 | 6.4 | 40.7% |
| United States | 2.5 | 1.2 | 2.2 | 3.2 | 8.6% |
| Mexico | 1.4 | 1.0 | 1.5 | 1.8 | 8.7% |
| Brazil | N/A | N/A | 0.4 | 0.4 | 0.0% |
| Italy | 0.3 | N/A | 0.2 | 0.2 | -12.6% |
| Others | 0.9 | 1.0 | 1.7 | 2.1 | 32.6% |
| Total | 7.5 | 4.2 | 9.6 | 14.2 | 23.7% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Guatemala in 2022:
- China (210.2K units)
- United States (68.3K units)
- Mexico (44.7K units)
- Brazil (6.7K units)
- Italy (5.1K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Guatemala
In 2022, exports of refrigerating or freezing equipment; parts thereof, other than furniture from Guatemala soared to 209K units, growing by 91% against 2021. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture skyrocketed to $5.6M in 2022. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 455 | 381 | 707 | 980 | 29.1% |
| Peru | 531 | 191 | 403 | 895 | 19.0% |
| United States | 295 | 276 | 266 | 851 | 42.4% |
| Mexico | 7.3 | 71.0 | 48.6 | 767 | 371.9% |
| Dominican Republic | 376 | 194 | 404 | 528 | 12.0% |
| Costa Rica | 246 | 262 | 345 | 526 | 28.8% |
| Nicaragua | 144 | 219 | 379 | 347 | 34.1% |
| Panama | 101 | 66.1 | 68.2 | 193 | 24.1% |
| Colombia | 114 | 120 | N/A | N/A | 5.3% |
| Others | 278 | 175 | 433 | 479 | 19.9% |
| Total | 2,546 | 1,956 | 3,053 | 5,566 | 29.8% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Guatemala in 2022:
- Dominican Republic (38.2K units)
- United States (37.2K units)
- Peru (36.6K units)
- El Salvador (29.9K units)
- Mexico (26.8K units)
- Costa Rica (16.8K units)
- Nicaragua (8.2K units)
- Panama (4.2K units)
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