Greece - Compressors For Refrigeration Equipment - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Greece - Compressors For Refrigeration Equipment - Market Analysis, Forecast, Size, Trends And Insights

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Refrigerator Compressor Price in Greece - 2023

Contents:

  1. Refrigerator Compressor Price in Greece (CIF) - 2023
  2. Refrigerator Compressor Price in Greece (FOB) - 2022
  3. Refrigerator Compressor Imports in Greece
  4. Refrigerator Compressor Exports in Greece

Refrigerator Compressor Price in Greece (CIF) - 2023

In July 2023, the average refrigerator compressor import price amounted to $210 per unit, which is down by -9.1% against the previous month. Over the period under review, import price indicated a mild expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, refrigerator compressor import price increased by +29.6% against March 2023 indices. The pace of growth appeared the most rapid in November 2022 an increase of 62% m-o-m. The import price peaked at $231 per unit in June 2023, and then reduced in the following month.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Poland ($384 per unit), while the price for China ($92.6 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 Spain (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Refrigerator Compressor Price in Greece (FOB) - 2022

In 2022, the average refrigerator compressor export price amounted to $161 per unit, jumping by 30% against the previous year. Over the period under review, the export price, however, continues to indicate a mild descent. The pace of growth was the most pronounced in 2016 an increase of 97% against the previous year. Over the period under review, the average export prices attained the peak figure at $257 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 the United States ($739 per unit), while the average price for exports to Hungary ($57 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 the United States (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Compressor Imports in Greece

In 2022, the amount of compressors for refrigeration equipment imported into Greece dropped to 245K units, with a decrease of -7.9% compared with the previous year's figure. Overall, total imports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of 266K units, and then contracted in the following year.

In value terms, refrigerator compressor imports rose sharply to $20M in 2022. The total import value increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Refrigerator Compressor in Greece (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany4.44.76.45.68.4%
Italy3.23.03.44.713.7%
France2.82.02.92.5-3.7%
Spain1.50.71.31.2-7.2%
Denmark0.70.80.91.012.6%
Slovakia0.30.31.00.732.6%
China0.50.40.40.66.3%
Others3.03.02.74.111.0%
Total16.614.819.120.47.1%

Top Suppliers of Refrigerator Compressor to Greece in 2022:

  1. Germany (68.2K units)
  2. Italy (65.0K units)
  3. Spain (21.0K units)
  4. France (19.8K units)
  5. Denmark (18.5K units)
  6. China (15.9K units)
  7. Slovakia (13.3K units)

Refrigerator Compressor Exports in Greece

In 2022, the amount of compressors for refrigeration equipment exported from Greece fell sharply to 10K units, waning by -17.4% compared with 2021 figures. Over the period under review, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 302%. As a result, the exports reached the peak of 12K units, and then fell markedly in the following year.

In value terms, refrigerator compressor exports rose markedly to $1.7M in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 123%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Refrigerator Compressor in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany31.132.2288527156.9%
United States1.813.628.3391501.1%
Cyprus14413565620512.5%
United Arab Emirates6.44.30.587.1138.8%
Bulgaria10733.537.822.7-40.4%
Poland0.8N/AN/A11.9145.9%
HungaryN/AN/A3.311.3242.4%
Ireland18.933.213.20.9-63.8%
South Sudan8.5N/AN/AN/A0%
Others598446527408-12.0%
Total9166981,5541,66522.0%

Top Export Markets for Refrigerator Compressor from Greece in 2022:

  1. Ireland (undefinedK units)
  2. Bulgaria (undefinedK units)
  3. Germany (6.4K units)
  4. Cyprus (1.9K units)
  5. United States (0.5K units)
  6. United Arab Emirates (0.4K units)
  7. Poland (0.2K units)
  8. Hungary (0.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refrigerator compressor market in Greece. 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:

  • Greece

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Greece
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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