In 2023, China led the global exports of compressors for refrigerating equipment, with notable growth of 3.59% year-on-year. The United States and Japan remained significant players, with the former showing a minimal increase of 1.38%, while Japan saw a reduction of 2.41%. Emerging markets like Slovakia and Romania, with increases of 2.15% and 5.65% respectively, are becoming increasingly influential. Conversely, countries like Austria and Canada experienced declines of 13.88% and 5.82% respectively. An exceptional rise was noted for smaller players like Armenia, with a massive 65.32% increase.
Future trends to watch include the impact of technological advancements and environmental regulations on the industry. Additionally, shifts towards energy-efficient compressors and the increasing demand in emerging markets, particularly in Asia-Pacific and Eastern Europe, are likely to influence global export dynamics. Continued focus on sustainability and innovation will increasingly drive competition and market share in this sector.
Top countries in Export of Compressors for Refrigerating Equipment by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 4,321,900,000 | 2023 | +3.33% | +3.59% | View data |
| 2 | 2 United States | 1,405,600,000 | 2023 | +0.93% | +1.38% | View data |
| 3 | 3 Japan | 1,235,600,000 | 2023 | -1.54% | -2.41% | View data |
| 4 | 4 Germany | 1,218,100,000 | 2023 | +1.95% | +1.46% | View data |
| 5 | 5 South Korea | 1,118,400,000 | 2023 | +2.2% | +1.95% | View data |
| 6 | 6 Thailand | 947,100,000 | 2023 | +0.89% | +1.54% | View data |
| 7 | 7 Mexico | 836,700,000 | 2023 | +2.86% | +3.63% | View data |
| 8 | 8 France | 677,670,000 | 2023 | +0.91% | +0.93% | View data |
| 9 | 9 Slovakia | 419,930,000 | 2023 | +1.36% | +2.15% | View data |
| 10 | 10 Czech Republic | 369,500,000 | 2023 | +2.72% | +0.56% | View data |
