Fridges and Freezers: Purchases up to March 2020

From January to March 2020, Central American companies imported $99 million in refrigerators and freezers, 4% more than what was reported for the same period in 2019, an increase explained by the behavior of purchases from Guatemala, El Salvador and Costa Rica.

Friday, September 25, 2020

Import of refrigerators and freezers in Central America Al March 31st, 2020  

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Guatemalan Companies, Main Buyers
In the first three months of the year the main importer was Guatemala, with $27 million, followed by Costa Rica, with $21 million, Honduras, with $18 million, El Salvador, with $16 million, Panama, with $13 million and Nicaragua, with $6 million.

For the period in question, Nicaragua and El Salvador were the markets in which purchases registered the highest year-on-year increases, reaching 60% and 24%, respectively. It was followed by Costa Rica with 21% and Guatemala with 11%.

Honduras and Panama were the only markets that reported a drop in imports, in this case 9% and 35%, respectively.

Variation in Regional Imports
Between January and March 2019 and the same period in 2020, the value imported into the region increased by 4%, from $96 million to $99 million.

For the periods in question, purchases from Chinese companies grew by 4%, from $26 million to $27 million.

Main Sellers
In the first three months of the year, 31% of the value imported from Central America came from Mexico, 28% from China, 14% from the USA and 8% from Colombia.

China is the country of origin of Central American imports that has grown the most for the period in question over the last eight years, since in 2012 it represented 7% of the total value purchased, and by 2020 that proportion rose to 28%.

Note:
The equipment included in this analysis are household and industrial fridges and freezers, cabinets, coffers, display cabinets and furniture for cold production, horizontal and vertical freezers of the ark or cabinet type and other machines or appliances for cold production. Air conditioning equipment is not included in the figures of the report.

Note: For this report, prepared and analyzed by CentralAmericaData, data from SIECA was used.

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More on this topic

Fridges: Business with Mexico up 23%

August 2020

From January to April 2020, Central American companies imported from Mexico $39 million in refrigerators and freezers, 23% more than what was sold during the same period in 2019.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

Fridges: Guatemala Boosts Purchasing

February 2020

From January to September 2019, Central American companies imported $319 million in fridges and freezers, and imports from Guatemalan companies increased 27% over the same period in 2018.

Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]

Fridges: Purchases from China Still Rising

September 2019

During the first quarter of 2019, Central American companies imported $96 million in fridges and freezers, and purchases from companies in China were up 20% compared to the same period in 2018.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]

Refrigerators: Imports up to I Quarter of 2018

September 2018

In the first three months of the year, Central American countries imported $92 million worth of refrigerators and freezers, and 45% was purchased by companies in Guatemala and Costa Rica.

Figures from the information system on the Refrigeration, Freezing and Other Refrigeration Machinery Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

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