Benelux: Refrigerator Compressor Market 2024

Refrigerator Compressor Market Size in Benelux

The Benelux refrigerator compressor market fell dramatically to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a perceptible contraction. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Refrigerator Compressor Production in Benelux

In value terms, refrigerator compressor production reduced sharply to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Refrigerator Compressor Exports

Exports in Benelux

After two years of growth, overseas shipments of compressors for refrigeration equipment decreased by X% to X units in 2022. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, refrigerator compressor exports declined to $X in 2022. Over the period under review, exports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands represented the largest exporter of compressors for refrigeration equipment in Benelux, with the volume of exports finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Belgium (X units), achieving a X% share of total exports.

Exports from the Netherlands decreased at an average annual rate of X% from 2012 to 2022. Belgium (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (X p.p.) displayed negative dynamics.

In value terms, the largest refrigerator compressor supplying countries in Benelux were Belgium ($X) and the Netherlands ($X).

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Refrigerator Compressor Imports

Imports in Benelux

In 2022, approx. X units of compressors for refrigeration equipment were imported in Benelux; falling by X% against the previous year's figure. Over the period under review, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, refrigerator compressor imports contracted to $X in 2022. Overall, imports continue to indicate a mild descent. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X units) was the key importer of compressors for refrigeration equipment, mixing up X% of total imports. It was distantly followed by Belgium (X units), creating a X% share of total imports.

The Netherlands was also the fastest-growing in terms of the compressors for refrigeration equipment imports, with a CAGR of X% from 2012 to 2022. Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium decreased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Source: IndexBox Platform

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