Austria: Refrigerator Compressor Market 2024

Refrigerator Compressor Market Size in Austria

The Austrian refrigerator compressor market declined to $X in 2022, waning by -12.9% against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +17.7% against 2020 indices. Refrigerator compressor consumption peaked at $X in 2021, and then declined in the following year.

Refrigerator Compressor Production in Austria

In value terms, refrigerator compressor production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a deep contraction. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refrigerator Compressor Exports

Exports from Austria

In 2022, overseas shipments of compressors for refrigeration equipment were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 54% against the previous year. The exports 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. In general, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X units), Germany (X units) and Italy (X units) were the main destinations of refrigerator compressor exports from Austria, with a combined 70% share of total exports. Slovakia, Spain, Romania, Russia, Poland and Hungary lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +76.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Turkey ($X) constituted the largest markets for refrigerator compressor exported from Austria worldwide, together comprising 58% of total exports. Slovakia, Spain, Romania, Hungary, Russia and Poland lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Spain, with a CAGR of +69.6%, saw the highest rates of growth with regard to the value of exports, 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, with a decrease of -6.4% against the previous year. In general, the export price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Russia ($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 Hungary (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Compressor Imports

Imports into Austria

In 2022, after two years of growth, there was significant decline in overseas purchases of compressors for refrigeration equipment, when their volume decreased by -15.3% to X units. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 20%. Imports peaked at X units in 2021, and then declined notably in the following year.

In value terms, refrigerator compressor imports fell sharply to $X in 2022. Over the period under review, imports recorded a mild decline. The most prominent rate of growth was recorded in 2018 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Germany (X units) and China (X units) were the main suppliers of refrigerator compressor imports to Austria, with a combined 80% share of total imports. Spain, Slovakia, France, the Netherlands and Brazil lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +27.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of compressors for refrigeration equipment to Austria, comprising 50% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports. It was followed by China, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.6% per year) and China (+5.7% per year).

Import Prices by Country

In 2022, the average refrigerator compressor import price amounted to $X per unit, remaining stable against the previous year. Overall, the import price saw a slight curtailment. The growth pace was the most rapid in 2020 an increase of 5.8%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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