Finland - Compressors For Refrigeration Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefrigerator Compressor Price in Finland - 2023
Contents:
- Refrigerator Compressor Price in Finland (CIF) - 2023
- Refrigerator Compressor Price in Finland (FOB) - 2022
- Refrigerator Compressor Imports in Finland
- Refrigerator Compressor Exports in Finland
Refrigerator Compressor Price in Finland (CIF) - 2023
The average refrigerator compressor import price stood at $661 per unit in July 2023, jumping by 40% against the previous month. Over the period under review, the import price showed a resilient expansion. The growth pace was the most rapid in December 2022 an increase of 74% against the previous month. Over the period under review, average import prices reached the peak figure in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,207 per unit), while the price for Italy ($208 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Refrigerator Compressor Price in Finland (FOB) - 2022
The average refrigerator compressor export price stood at $413 per unit in 2022, surging by 11% against the previous year. Overall, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 90% against the previous year. The export price peaked at $1,079 per unit in 2012; however, from 2013 to 2022, the 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 Russia ($2,386 per unit), while the average price for exports to China ($130 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 Germany (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Refrigerator Compressor Imports in Finland
In 2022, imports of compressors for refrigeration equipment into Finland dropped significantly to 152K units, reducing by -25.5% against the previous year. Over the period under review, imports showed a noticeable slump. The growth pace was the most rapid in 2021 when imports increased by 35% against the previous year. As a result, imports attained the peak of 204K units, and then contracted dramatically in the following year.
In value terms, refrigerator compressor imports shrank to $28M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 23%. As a result, imports reached the peak of $30M, and then contracted in the following year.
| Import of Refrigerator Compressor in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.2 | 5.4 | 7.3 | 9.1 | 8.1% |
| United States | 0.2 | 0.3 | 0.5 | 3.5 | 159.6% |
| Czech Republic | 0.7 | 1.2 | 1.6 | 2.7 | 56.8% |
| Japan | 2.3 | 4.5 | 8.3 | 2.3 | 0.0% |
| China | 1.1 | 1.2 | 1.0 | 1.6 | 13.3% |
| Italy | 2.3 | 2.0 | 1.7 | 1.1 | -21.8% |
| Poland | 0.2 | 0.4 | 1.4 | 1.0 | 71.0% |
| France | 4.7 | 4.8 | 3.5 | 1.0 | -40.3% |
| Denmark | 0.7 | 0.7 | 0.6 | 0.7 | 0.0% |
| Sweden | 1.4 | 0.5 | 0.4 | 0.6 | -24.6% |
| Spain | 0.9 | 0.8 | 0.6 | 0.5 | -17.8% |
| Slovakia | 0.6 | 0.5 | 0.5 | 0.4 | -12.6% |
| Others | 1.4 | 1.9 | 2.4 | 3.5 | 35.7% |
| Total | 23.7 | 24.3 | 29.8 | 28.1 | 5.8% |
Top Suppliers of Refrigerator Compressor to Finland in 2022:
- Germany (57.8K units)
- Japan (24.0K units)
- United States (9.8K units)
- Spain (9.0K units)
- Italy (8.1K units)
- Slovakia (7.4K units)
- Poland (6.5K units)
- China (6.2K units)
- France (5.3K units)
- Denmark (4.0K units)
- Czech Republic (3.6K units)
- Sweden (3.6K units)
Refrigerator Compressor Exports in Finland
In 2022, approx. 4.3K units of compressors for refrigeration equipment were exported from Finland; falling by -13.9% on the year before. Over the period under review, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 4.9% against the previous year. The exports peaked at 10K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, refrigerator compressor exports reduced modestly to $1.8M in 2022. In general, exports recorded a abrupt decline. The exports peaked at $2.7M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Refrigerator Compressor in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 142 | 265 | 370 | 336 | 33.3% |
| Poland | 139 | 124 | 103 | 196 | 12.1% |
| Germany | 53.4 | 80.5 | 111 | 159 | 43.9% |
| Estonia | 99.8 | 111 | 147 | 139 | 11.7% |
| Russia | 98.8 | 913 | 407 | 117 | 5.8% |
| United States | 86.5 | 64.4 | 60.6 | 109 | 8.0% |
| Sweden | 49.3 | 49.4 | 110 | 96.5 | 25.1% |
| France | 27.4 | 89.4 | 148 | 75.5 | 40.2% |
| Latvia | 41.6 | 49.2 | 32.7 | 65.7 | 16.5% |
| Lithuania | 27.4 | 21.0 | 37.4 | 33.2 | 6.6% |
| Italy | N/A | 4.8 | 1.6 | 22.4 | 116.0% |
| China | 1,584 | 187 | 11.4 | 22.1 | -75.9% |
| Others | 319 | 379 | 313 | 401 | 7.9% |
| Total | 2,669 | 2,337 | 1,853 | 1,772 | -12.8% |
Top Export Markets for Refrigerator Compressor from Finland in 2022:
- Netherlands (1046.0 units)
- Estonia (638.0 units)
- Poland (419.0 units)
- France (343.0 units)
- Germany (301.0 units)
- United States (226.0 units)
- Sweden (176.0 units)
- China (171.0 units)
- Latvia (122.0 units)
- Italy (98.0 units)
- Lithuania (97.0 units)
- Russia (49.0 units)
This report provides an in-depth analysis of the refrigerator compressor market in Finland. 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:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- 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
-
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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