France: Refrigerator Compressor Market 2024

Refrigerator Compressor Market Size in France

The French refrigerator compressor market dropped to $X in 2022, which is down by -12% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Refrigerator Compressor Production in France

In value terms, refrigerator compressor production fell markedly to $X in 2022 estimated in export price. In general, production recorded a deep setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by 11% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Refrigerator Compressor Exports

Exports from France

Refrigerator compressor exports from France fell significantly to X units in 2022, declining by -26.3% on 2021. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2017 with an increase of 18% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, refrigerator compressor exports fell remarkably to $X in 2022. Overall, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X units), Germany (X units) and Belgium (X units) were the main destinations of refrigerator compressor exports from France, together comprising 41% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +25.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refrigerator compressor exported from France were Germany ($X), Italy ($X) and Spain ($X), together accounting for 39% of total exports. Turkey, Belgium, China, Brazil, Sweden, South Korea, Poland, the UK, Romania and Mexico lagged somewhat behind, together accounting for a further 34%.

Poland, with a CAGR of +17.6%, recorded the highest rates of growth with regard to the value of exports, among 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

The average refrigerator compressor export price stood at $X per unit in 2022, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2013 an increase of 22% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Mexico ($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 Turkey (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Compressor Imports

Imports into France

In 2022, imports of compressors for refrigeration equipment into France declined to X units, with a decrease of -7.8% against 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 2014 when imports increased by 33%. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, refrigerator compressor imports dropped to $X in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 23% against the previous year. Imports peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

Germany (X units), China (X units) and Brazil (X units) were the main suppliers of refrigerator compressor imports to France, together comprising 53% of total imports. Italy, the Czech Republic, India, Japan and the United States lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +133.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Italy ($X) constituted the largest refrigerator compressor suppliers to France, together accounting for 57% of total imports. The United States, India, the Czech Republic, Brazil and Japan lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, India, with a CAGR of +109.2%, recorded the highest rates of growth with regard to 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, growing by 8.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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