Belgium - Compressors For Refrigeration Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefrigerator Compressor Price in Belgium - 2023
Contents:
- Refrigerator Compressor Price in Belgium (FOB) - 2022
- Refrigerator Compressor Price in Belgium (CIF) - 2022
- Refrigerator Compressor Exports in Belgium
- Refrigerator Compressor Imports in Belgium
Refrigerator Compressor Price in Belgium (FOB) - 2022
In 2022, the average refrigerator compressor export price amounted to $480 per unit, leveling off at the previous year. Overall, the export price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 15% against the previous year. As a result, the export price reached the peak level of $750 per unit. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($1,044 per unit), while the average price for exports to the United States ($192 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 Sweden (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.
Refrigerator Compressor Price in Belgium (CIF) - 2022
In 2022, the average refrigerator compressor import price amounted to $260 per unit, jumping by 40% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average import price increased by 44% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($441 per unit), while the price for Hungary ($47 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Refrigerator Compressor Exports in Belgium
In 2022, approx. 427K units of compressors for refrigeration equipment were exported from Belgium; surging by 6.8% compared with the previous year's figure. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 96%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, refrigerator compressor exports rose markedly to $205M in 2022. Overall, total exports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Refrigerator Compressor in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 44.8 | 67.6 | 139 | 156 | 51.6% |
| France | 25.0 | 14.0 | 12.4 | 10.9 | -24.2% |
| Spain | 10.2 | 5.0 | 5.0 | 5.4 | -19.1% |
| Italy | 40.5 | 3.8 | 4.1 | 4.9 | -50.5% |
| United Kingdom | 6.9 | 2.7 | 6.0 | 2.4 | -29.7% |
| United States | 6.1 | 1.5 | 0.8 | 1.6 | -36.0% |
| Austria | 6.0 | 0.3 | 0.9 | 0.8 | -48.9% |
| Others | 50.0 | 20.5 | 22.9 | 22.4 | -23.5% |
| Total | 190 | 115 | 191 | 205 | 2.6% |
Top Export Markets for Refrigerator Compressor from Belgium in 2022:
- Germany (331.6K units)
- France (18.9K units)
- Spain (11.6K units)
- United States (8.1K units)
- United Kingdom (6.5K units)
- Italy (6.3K units)
- Austria (2.5K units)
Refrigerator Compressor Imports in Belgium
In 2022, imports of compressors for refrigeration equipment into Belgium fell markedly to 427K units, dropping by -29.2% against 2021 figures. Over the period under review, imports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 86%. As a result, imports attained the peak of 602K units, and then contracted markedly in the following year.
In value terms, refrigerator compressor imports shrank slightly to $111M in 2022. In general, imports showed a mild contraction. The growth pace was the most rapid in 2021 with an increase of 43%. Imports peaked at $117M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Refrigerator Compressor in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.3 | 16.0 | 21.7 | 23.4 | 20.7% |
| Thailand | 7.9 | 5.6 | 18.2 | 18.5 | 32.8% |
| United States | 9.6 | 8.1 | 17.0 | 17.4 | 21.9% |
| Germany | 3.0 | 3.1 | 19.3 | 16.9 | 77.9% |
| Japan | 12.7 | 11.4 | 10.3 | 11.7 | -2.7% |
| Netherlands | 5.9 | 6.7 | 5.9 | 6.6 | 3.8% |
| Mexico | 3.5 | 5.4 | 5.4 | 4.7 | 10.3% |
| Czech Republic | 6.3 | 1.6 | 4.2 | 0.6 | -54.3% |
| United Kingdom | 45.3 | 10.9 | 0.3 | 0.3 | -81.2% |
| Others | 9.9 | 10.0 | 9.9 | 11.0 | 3.6% |
| Total | 117 | 78.6 | 112 | 111 | -1.7% |
Top Suppliers of Refrigerator Compressor to Belgium in 2022:
- Germany (77.8K units)
- China (75.7K units)
- United States (61.7K units)
- Thailand (58.9K units)
- Japan (51.2K units)
- Mexico (31.2K units)
- Netherlands (14.8K units)
- Czech Republic (4.6K units)
- United Kingdom (0.8K units)
This report provides an in-depth analysis of the refrigerator compressor market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28132300 - Compressors for refrigeration equipment
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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