Benelux: Refrigerator Compressor Market 2025

Refrigerator Compressor Market Size in Benelux

The Benelux refrigerator compressor market declined significantly to $X in 2022, with a decrease of -26.4% against the previous year. Overall, consumption continues to indicate a deep reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Refrigerator Compressor Production in Benelux

In value terms, refrigerator compressor production declined significantly to $X in 2022 estimated in export price. In general, production saw a deep downturn. The growth pace was the most rapid in 2021 when the production volume increased by 339% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Refrigerator Compressor Exports

Exports in Benelux

In 2022, shipments abroad of compressors for refrigeration equipment decreased by -17.3% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, refrigerator compressor exports amounted to $X in 2022. In general, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the Netherlands (X units) represented the key exporter of compressors for refrigeration equipment, generating 65% of total exports. It was distantly followed by Belgium (X units), achieving a 34% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +3.4%).

In value terms, Belgium ($X) remains the largest refrigerator compressor supplier in Benelux, comprising 69% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 31% share of total exports.

In Belgium, refrigerator compressor exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, growing by 21% against the previous year. Overall, the export price continues to indicate strong growth. The growth pace was the most rapid in 2015 when the export price increased by 61% against the previous year. 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 failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.1%).

Refrigerator Compressor Imports

Imports in Benelux

Refrigerator compressor imports reduced rapidly to X units in 2022, waning by -21.2% compared with the previous year's figure. Over the period under review, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 when imports increased by 31%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, refrigerator compressor imports reduced to $X in 2022. Overall, imports saw a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X units) was the key importer of compressors for refrigeration equipment, creating 72% of total imports. It was distantly followed by Belgium (X units), achieving a 27% share of total imports. Luxembourg (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to refrigerator compressor imports into the Netherlands stood at -2.6%. At the same time, Luxembourg (+3.0%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +3.0% from 2012-2022. By contrast, Belgium (-3.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium decreased by -2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest refrigerator compressor importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Luxembourg, with a CAGR of -0.2%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, rising by 12% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 20%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform