United Arab Emirates: Refrigerator Compressor Market 2024

Refrigerator Compressor Market Size in the United Arab Emirates

The refrigerator compressor market in the United Arab Emirates was estimated at $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Refrigerator Compressor Exports

Exports from the United Arab Emirates

In 2022, the amount of compressors for refrigeration equipment exported from the United Arab Emirates declined significantly to X units, with a decrease of X% on 2021. Over the period under review, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X units in 2021, and then contracted rapidly in the following year.

In value terms, refrigerator compressor exports reached $X in 2022. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Saudi Arabia (X units) was the main destination for refrigerator compressor exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, refrigerator compressor exports to Saudi Arabia exceeded the volume sent to the second major destination, Azerbaijan (X units), threefold. Pakistan (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (X.4% per year) and Pakistan (X% per year).

In value terms, Saudi Arabia ($X), Azerbaijan ($X) and Kuwait ($X) constituted the largest markets for refrigerator compressor exported from the United Arab Emirates worldwide, together comprising X% of total exports.

Azerbaijan, with a CAGR of X.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average refrigerator compressor export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Gabon ($X 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 Azerbaijan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Compressor Imports

Imports into the United Arab Emirates

In 2022, purchases abroad of compressors for refrigeration equipment increased by X% to X units, rising for the seventh consecutive year after three years of decline. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, refrigerator compressor imports totaled $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Brazil (X units) constituted the largest refrigerator compressor supplier to the United Arab Emirates, with a X% share of total imports. Moreover, refrigerator compressor imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Thailand (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

In value terms, Thailand ($X), Japan ($X) and Brazil ($X) appeared to be the largest refrigerator compressor suppliers to the United Arab Emirates, together comprising X% of total imports.

Among the main suppliers, Brazil, with a CAGR of X%, saw 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

The average refrigerator compressor import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, showed a deep contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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