Switzerland: Refrigerator Compressor Market 2024

Refrigerator Compressor Market Size in Switzerland

For the third year in a row, the Swiss refrigerator compressor market recorded growth in sales value, which increased by 5.8% to $X in 2022. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Refrigerator compressor consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Refrigerator Compressor Exports

Exports from Switzerland

Refrigerator compressor exports from Switzerland surged to X units in 2022, growing by 35% compared with 2021 figures. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by 123% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, refrigerator compressor exports soared to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 126% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Italy (X units) and France (X units) were the main destinations of refrigerator compressor exports from Switzerland, together accounting for 51% of total exports. Austria, Poland, the Netherlands, Belgium, Denmark, Taiwan (Chinese), Spain, the UK, Sweden and the United Arab Emirates lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +79.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refrigerator compressor exported from Switzerland were France ($X), Germany ($X) and Poland ($X), together comprising 54% of total exports.

Poland, with a CAGR of +145.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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, with an increase of 5.1% against the previous year. Overall, the export price showed a strong increase. The growth pace was the most rapid in 2018 an increase of 289% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 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 the UK ($X per unit), while the average price for exports to Italy ($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 Poland (+36.5%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Compressor Imports

Imports into Switzerland

In 2022, the amount of compressors for refrigeration equipment imported into Switzerland contracted to X units, approximately reflecting 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of X units, leveling off in the following year.

In value terms, refrigerator compressor imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 12%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of refrigerator compressor to Switzerland, with a 55% share of total imports. Moreover, refrigerator compressor imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-0.0% per year) and Germany (-5.6% per year).

In value terms, Germany ($X) constituted the largest supplier of compressors for refrigeration equipment to Switzerland, comprising 32% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Italy, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.8% per year) and Italy (-6.0% per year).

Import Prices by Country

In 2022, the average refrigerator compressor import price amounted to $X per unit, surging by 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :