Price for Non-Furniture Refrigerating or Freezing Equipment in Colombia - 2022
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Colombia (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Colombia (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Colombia
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Colombia
Price for Non-Furniture Refrigerating or Freezing Equipment in Colombia (CIF) - 2022
In February 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $225 per unit, growing by 4.8% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +3.0%. The pace of growth appeared the most rapid in December 2021 an increase of 34% m-o-m. As a result, import price reached the peak level of $235 per unit. From January 2022 to February 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($339 per unit), while the price for China ($58.5 per unit) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Non-Furniture Refrigerating or Freezing Equipment in Colombia (FOB) - 2022
In 2022, the average export price for non-furniture refrigerating or freezing equipment amounted to $193 per unit, dropping by -15.6% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-furniture refrigerating or freezing equipment export price decreased by -22.6% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 78%. As a result, the export price attained the peak level of $249 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($300 per unit), while the average price for exports to Peru ($80 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 Ecuador (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Colombia
Non-furniture refrigerating or freezing equipment imports into Colombia surged to 168K units in 2022, with an increase of 29% on 2021 figures. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment imports surged to $35M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.3 | 7.2 | 5.1 | 5.7 | -11.8% |
| China | 3.9 | 3.3 | 5.3 | 4.9 | 7.9% |
| South Korea | 3.2 | 3.3 | 2.5 | 2.5 | -7.9% |
| Italy | 3.2 | 2.7 | 2.1 | 2.2 | -11.7% |
| Mexico | 3.1 | 4.0 | 1.2 | 2.2 | -10.8% |
| Spain | 1.7 | 1.6 | 1.5 | 1.4 | -6.3% |
| Canada | N/A | N/A | 1.5 | 1.3 | -13.3% |
| Germany | 1.0 | 0.6 | 0.8 | 0.7 | -11.2% |
| Others | 4.5 | 2.9 | 4.3 | 14.2 | 46.7% |
| Total | 28.9 | 25.6 | 24.3 | 34.9 | 6.5% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Colombia in 2022:
- China (36.8K units)
- United States (32.7K units)
- South Korea (13.3K units)
- Mexico (10.3K units)
- Germany (8.2K units)
- Canada (6.3K units)
- Italy (6.3K units)
- Spain (4.8K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Colombia
In 2022, after two years of decline, there was significant growth in overseas shipments of non-furniture refrigerating or freezing equipment, when their volume increased by 289% to 8.6K units. Over the period under review, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment exports skyrocketed to $1.7M in 2022. Overall, exports recorded modest growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 1,081 | 280 | 114 | 389 | -28.9% |
| United States | 95.0 | 116 | 97.8 | 82.4 | -4.6% |
| Panama | 135 | 1.6 | 81.1 | 68.4 | -20.3% |
| Venezuela | 7.6 | 28.9 | 6.5 | 11.4 | 14.5% |
| Peru | 6.0 | 15.3 | 13.0 | 10.9 | 22.0% |
| Dominican Republic | 74.1 | N/A | 9.7 | N/A | -63.8% |
| Guatemala | N/A | N/A | 126 | N/A | 0% |
| Bolivia | N/A | 13.6 | 3.0 | N/A | -77.9% |
| Others | 188 | 163 | 56.1 | 1,104 | 80.4% |
| Total | 1,587 | 618 | 508 | 1,667 | 1.7% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Colombia in 2022:
- Ecuador (1.4K units)
- United States (0.9K units)
- Panama (0.2K units)
- Peru (0.1K units)
- Venezuela (0.1K units)
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