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Report Australia and Oceania - Compressors for Refrigeration Equipment - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Australia and Oceania - Compressors for Refrigeration Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Australia and Oceania: Refrigerator Compressor Market 2024

Refrigerator Compressor Market Size in Australia and Oceania

In 2022, the refrigerator compressor market in Australia and Oceania increased by 1.5% to $X, rising for the second year in a row after six years of decline. Overall, consumption, however, recorded a deep setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Refrigerator Compressor Production in Australia and Oceania

In value terms, refrigerator compressor production contracted significantly to $X in 2022 estimated in export price. Overall, production saw a prominent increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 2,412%. As a result, production reached the peak level of $X, and then contracted notably in the following year.

Refrigerator Compressor Exports

Exports in Australia and Oceania

In 2022, shipments abroad of compressors for refrigeration equipment increased by 40% to X units, rising for the fourth consecutive year after three years of decline. In general, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 64% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, refrigerator compressor exports surged to $X in 2022. Overall, exports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 35%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Australia (X units), together recording 98% of total export.

Australia was also the fastest-growing in terms of the compressors for refrigeration equipment exports, with a CAGR of -6.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest refrigerator compressor supplier in Australia and Oceania.

From 2012 to 2022, the average annual growth rate of value in Australia stood at -5.0%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, waning by -11.6% against the previous year. In general, the export price, however, continues to indicate a mild increase. The pace of growth was the most pronounced in 2017 an increase of 38%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +1.7% per year.

Refrigerator Compressor Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of compressors for refrigeration equipment increased by 8.2% to X units, rising for the fourth year in a row after six years of decline. In general, imports, however, showed a deep downturn. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, refrigerator compressor imports totaled $X in 2022. Overall, imports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 68% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, resulting at X units, which was approx. 94% of total imports in 2022. It was distantly followed by New Zealand (X units), making up a 4.7% share of total imports.

Australia was also the fastest-growing in terms of the compressors for refrigeration equipment imports, with a CAGR of -6.8% from 2012 to 2022. New Zealand (-18.7%) illustrated a downward trend over the same period. Australia (+11 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -11.6% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported compressors for refrigeration equipment in Australia and Oceania, comprising 88% of total imports. The second position in the ranking was held by New Zealand ($X), with a 9.2% share of total imports.

In Australia, refrigerator compressor imports decreased by an average annual rate of -3.6% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, falling by -5.1% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refrigerator compressor import price increased by +6.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 79% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+17.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Australia remains the largest refrigerator compressor consuming country in Australia and Oceania, accounting for 89% of total volume. Moreover, refrigerator compressor consumption in Australia exceeded the figures recorded by the second-largest consumer, New Zealand, more than tenfold.
In value terms, Australia remains the largest refrigerator compressor supplier in Australia and Oceania, comprising 82% of total exports. The second position in the ranking was occupied by New Zealand, with a 15% share of total exports.
In value terms, Australia constitutes the largest market for imported compressors for refrigeration equipment in Australia and Oceania, comprising 88% of total imports. The second position in the ranking was occupied by New Zealand, with a 10% share of total imports.
The export price in Australia and Oceania stood at $147 per unit in 2021, picking up by 35% against the previous year.
The import price in Australia and Oceania stood at $133 per unit in 2021, growing by 11% against the previous year.

This report provides an in-depth analysis of the refrigerator compressor market in Australia and Oceania. 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:

  • Australia
  • Cook Islands
  • Fiji
  • French Polynesia
  • Kiribati
  • Marshall Islands
  • Micronesia
  • New Caledonia
  • New Zealand
  • Northern Mariana Islands
  • Palau
  • Papua New Guinea
  • Samoa
  • Solomon Islands
  • Tokelau
  • Tonga
  • Tuvalu
  • Vanuatu
  • Wallis and Futuna Islands
  • American Samoa
  • Nauru
  • Niue
  • Guam

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Australia and Oceania, split by region and country
  • Trade (exports and imports) in Australia and Oceania
  • 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. CONSUMPTION BY COUNTRY
    3. 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
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

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

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Australia
    • Cook Islands
    • Fiji
    • French Polynesia
    • Kiribati
    • Marshall Islands
    • Micronesia
    • New Caledonia
    • New Zealand
    • Northern Mariana Islands
    • Palau
    • Papua New Guinea
    • Samoa
    • Solomon Islands
    • Tokelau
    • Tonga
    • Tuvalu
    • Vanuatu
    • Wallis and Futuna Islands
    • American Samoa
    • Nauru
    • Niue
    • Guam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

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

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