Saudi Arabia: Refrigerator Compressor Market 2025

Refrigerator Compressor Market Size in Saudi Arabia

The Saudi refrigerator compressor market dropped sharply to less than $X in 2022, declining by 99.9% against the previous year. Over the period under review, consumption recorded a abrupt shrinkage. Refrigerator compressor consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Refrigerator Compressor Production in Saudi Arabia

In value terms, refrigerator compressor production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. Refrigerator compressor production peaked in 2022 and is expected to retain growth in years to come.

Refrigerator Compressor Exports

Exports from Saudi Arabia

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. In general, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 744% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, refrigerator compressor exports declined to $X in 2022. Overall, exports, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 312% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X units), Canada (X units) and the Netherlands (X units) were the main destinations of refrigerator compressor exports from Saudi Arabia, with a combined 24% share of total exports. Italy, Denmark, France, Switzerland, Austria, Germany, Slovakia, the UK and South Korea lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +43.1%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Denmark ($X) and Switzerland ($X) appeared to be the largest markets for refrigerator compressor exported from Saudi Arabia worldwide, together comprising 31% of total exports. The Netherlands, Canada, France, Germany, Italy, the UK, Austria, Slovakia and South Korea lagged somewhat behind, together accounting for a further 25%.

Austria, with a CAGR of +76.1%, 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

In 2022, the average refrigerator compressor export price amounted to $X per unit, waning by -9.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 145%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to South Korea ($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 Austria (+47.2%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Compressor Imports

Imports into Saudi Arabia

After two years of growth, overseas purchases of compressors for refrigeration equipment decreased by -23.7% to X units in 2021. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by 15% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, refrigerator compressor imports declined to $X in 2021. Over the period under review, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 21%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of refrigerator compressor to Saudi Arabia, with a 39% share of total imports. Moreover, refrigerator compressor imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. The third position in this ranking was taken by India (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-6.8% per year) and India (-17.0% per year).

In value terms, the largest refrigerator compressor suppliers to Saudi Arabia were Thailand ($X), China ($X) and the United States ($X), together accounting for 51% of total imports. India, South Korea, Singapore, Malaysia and Brazil lagged somewhat behind, together accounting for a further 23%.

Singapore, with a CAGR of +11.1%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2021, the average refrigerator compressor import price amounted to $X per unit, picking up by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. 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 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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