Chile: Commercial Refrigeration Equipment Market 2024

Commercial Refrigeration Equipment Market Size in Chile

In 2022, the Chilean commercial refrigeration equipment market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, posted a perceptible increase. Over the period under review, the market reached the maximum level at $X in 2021, and then declined in the following year.

Commercial Refrigeration Equipment Production in Chile

In value terms, commercial refrigeration equipment production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a slight decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Commercial Refrigeration Equipment Exports

Exports from Chile

In 2022, shipments abroad of refrigerating and freezing equipment and heat pumps (except household type equipment) increased by X% to X units, rising for the second consecutive year after seven years of decline. Overall, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, commercial refrigeration equipment exports soared to $X in 2022. In general, exports, however, showed a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X units), Ecuador (X units) and Peru (X units) were the main destinations of commercial refrigeration equipment exports from Chile, together comprising X% of total exports.

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

In value terms, Panama ($X), Ecuador ($X) and Paraguay ($X) were the largest markets for commercial refrigeration equipment exported from Chile worldwide, together accounting for X% of total exports.

Among the main countries of destination, Panama, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average commercial refrigeration equipment export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Colombia ($X per unit), while the average price for exports to Panama ($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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Commercial Refrigeration Equipment Imports

Imports into Chile

In 2022, the amount of refrigerating and freezing equipment and heat pumps (except household type equipment) imported into Chile dropped dramatically to X units, reducing by X% against the year before. In general, total imports indicated measured growth 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 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then fell sharply in the following year.

In value terms, commercial refrigeration equipment imports reached $X in 2022. Overall, total imports indicated a perceptible 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 growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of commercial refrigeration equipment to Chile, accounting for a X% share of total imports. Moreover, commercial refrigeration equipment imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sevenfold. The third position in this ranking was taken by Mexico (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Mexico (X% per year).

In value terms, China ($X) constituted the largest supplier of refrigerating and freezing equipment and heat pumps (except household type equipment) to Chile, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average commercial refrigeration equipment import price amounted to $X per unit, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for China ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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