Eastern Europe: Refrigerator Compressor Market 2024

Refrigerator Compressor Market Size in Eastern Europe

The East European refrigerator compressor market declined dramatically to $X in 2022, falling by X% against the previous year. Overall, consumption, however, showed noticeable growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Refrigerator Compressor Production in Eastern Europe

In value terms, refrigerator compressor production expanded rapidly to $X in 2022 estimated in export price. In general, production showed a mild decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Refrigerator Compressor Exports

Exports in Eastern Europe

In 2022, the amount of compressors for refrigeration equipment exported in Eastern Europe reduced sharply to X units, shrinking by X% against the year before. Over the period under review, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, refrigerator compressor exports declined to $X in 2022. Overall, exports saw a mild contraction. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia represented the main exporter of compressors for refrigeration equipment in Eastern Europe, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Poland (X units) took the second position in the ranking, distantly followed by Hungary (X units) and the Czech Republic (X units). All these countries together held approx. X% share of total exports. Belarus (X units) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Slovakia ($X), Poland ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price saw mild growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced mixed trends in the export price figures.

Refrigerator Compressor Imports

Imports in Eastern Europe

Refrigerator compressor imports contracted sharply to X units in 2022, shrinking by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then fell markedly in the following year.

In value terms, refrigerator compressor imports declined significantly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2022, Poland (X units), distantly followed by Russia (X units), Romania (X units), Slovakia (X units), the Czech Republic (X units), Hungary (X units) and Bulgaria (X units) represented the main importers of compressors for refrigeration equipment, together creating X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the Czech Republic ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :