MENA: Refrigerator Compressor Market 2025

Refrigerator Compressor Market Size in MENA

After five years of growth, the MENA's refrigerator compressor market decreased by -4% to $X in 2022. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Refrigerator Compressor Production in MENA

In value terms, refrigerator compressor production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed a buoyant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Refrigerator Compressor Exports

Exports in MENA

In 2022, shipments abroad of compressors for refrigeration equipment increased by 11% to X units, rising for the third consecutive year after two years of decline. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 88% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, refrigerator compressor exports rose markedly to $X in 2022. Over the period under review, exports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, amounting to X units, which was near 79% of total exports in 2022. It was distantly followed by Egypt (X units), achieving a 9.2% share of total exports. The following exporters - Israel (X units) and Bahrain (X units) - together made up 7.4% of total exports.

From 2012 to 2022, average annual rates of growth with regard to refrigerator compressor exports from Turkey stood at +5.1%. At the same time, Bahrain (+20.8%) and Israel (+18.6%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in MENA, with a CAGR of +20.8% from 2012-2022. By contrast, Egypt (-12.5%) illustrated a downward trend over the same period. While the share of Turkey (+30 p.p.), Israel (+3.3 p.p.) and Bahrain (+2.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (-26.7 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest refrigerator compressor supplier in MENA, comprising 61% of total exports. The second position in the ranking was held by Israel ($X), with an 8.8% share of total exports. It was followed by Bahrain, with a 5.6% share.

In Turkey, refrigerator compressor exports expanded at an average annual rate of +7.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+14.7% per year) and Bahrain (+17.4% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, remaining constant against the previous year. Overall, the export price, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2015 an increase of 68% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.4%), while the other leaders experienced mixed trends in the export price figures.

Refrigerator Compressor Imports

Imports in MENA

In 2022, overseas purchases of compressors for refrigeration equipment decreased by -1.5% to X units for the first time since 2016, thus ending a five-year rising trend. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.6% against 2014 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports reached the peak of X units, and then fell slightly in the following year.

In value terms, refrigerator compressor imports fell to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Turkey (X units) was the major importer of compressors for refrigeration equipment, constituting 52% of total imports. It was distantly followed by Egypt (X units), the United Arab Emirates (X units) and Iran (X units), together comprising a 36% share of total imports. The following importers - Algeria (X units) and Lebanon (X units) - together made up 6.3% of total imports.

Imports into Turkey increased at an average annual rate of +5.6% from 2012 to 2022. At the same time, Egypt (+17.0%), the United Arab Emirates (+14.9%), Lebanon (+12.0%), Algeria (+4.5%) and Iran (+2.2%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of +17.0% from 2012-2022. From 2012 to 2022, the share of Egypt and the United Arab Emirates increased by +11 and +7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported compressors for refrigeration equipment in MENA, comprising 45% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 21% share of total imports. It was followed by Iran, with a 7.6% share.

In Turkey, refrigerator compressor imports increased at an average annual rate of +3.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+8.4% per year) and Iran (-2.8% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, shrinking by -8.5% against the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the import price increased by 5.7% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform