Belarus: Refrigerator Compressor Market 2025

Refrigerator Compressor Market Size in Belarus

The Belarusian refrigerator compressor market soared to $X in 2022, jumping by 21% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Refrigerator Compressor Production in Belarus

In value terms, refrigerator compressor production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 32% against the previous year. Refrigerator compressor production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Refrigerator Compressor Exports

Exports from Belarus

In 2022, refrigerator compressor exports from Belarus shrank remarkably to X units, with a decrease of -44.2% compared with the previous year. In general, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2018 when exports increased by 13% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, refrigerator compressor exports reduced to $X in 2022. Over the period under review, exports showed a mild decline. The growth pace was the most rapid in 2021 when exports increased by 323% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for refrigerator compressor exports from Belarus, with a 86% share of total exports. Moreover, refrigerator compressor exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at -15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-19.4% per year) and Kazakhstan (-5.2% per year).

In value terms, Russia ($X) remains the key foreign market for compressors for refrigeration equipment exports from Belarus, comprising 96% of total exports. The second position in the ranking was held by Ukraine ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-18.6% per year) and Kazakhstan (-4.3% per year).

Export Prices by Country

The average refrigerator compressor export price stood at $X per unit in 2022, with an increase of 67% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of 303%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Kazakhstan ($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 Russia (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Compressor Imports

Imports into Belarus

Refrigerator compressor imports into Belarus contracted notably to X units in 2022, reducing by -18.3% compared with the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 350% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, refrigerator compressor imports declined to $X in 2022. In general, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2013 with an increase of 71% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Russia (X units), China (X units) and Italy (X units) were the main suppliers of refrigerator compressor imports to Belarus, together accounting for 68% of total imports. Slovakia, Austria, Spain, the UK, Germany and France lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +43.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refrigerator compressor suppliers to Belarus were Russia ($X), China ($X) and Italy ($X), with a combined 55% share of total imports. Germany, Slovakia, Austria, Spain, France and the UK lagged somewhat behind, together comprising a further 16%.

Spain, with a CAGR of +40.3%, saw the highest growth rate of the value of imports, among the main suppliers 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, with an increase of 8.8% against the previous year. Over the period under review, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2014 an increase of 105%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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