Austria: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Austria

In 2022, the Austrian air conditioning machine market decreased by -60% to $X, falling for the third consecutive year after three years of growth. Overall, consumption, however, showed buoyant growth. Air conditioning machine consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Air Conditioning Machine Production in Austria

In value terms, air conditioning machine production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Air Conditioning Machine Exports

Exports from Austria

In 2022, shipments abroad of non-window or wall air conditioning machines decreased by -51.3% to X units, falling for the third consecutive year after two years of growth. In general, exports saw a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 37% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, air conditioning machine exports contracted dramatically to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 43%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for air conditioning machine exports from Austria, with a 45% share of total exports. Moreover, air conditioning machine exports to Germany exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was held by Switzerland (X units), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.2% per year) and Switzerland (-11.0% per year).

In value terms, Germany ($X) remains the key foreign market for non-window or wall air conditioning machines exports from Austria, comprising 39% of total exports. The second position in the ranking was held by France ($X), with a 16% share of total exports. It was followed by Switzerland, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.1% per year) and Switzerland (-2.8% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2022, surging by 46% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, air conditioning machine export price increased by +52.2% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Lithuania ($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 the Netherlands (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Austria

In 2022, approx. X units of non-window or wall air conditioning machines were imported into Austria; reducing by -18.8% compared with the previous year's figure. Overall, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 32%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, air conditioning machine imports reduced to $X in 2022. Over the period under review, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 14%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of air conditioning machine to Austria, accounting for a 48% share of total imports. Moreover, air conditioning machine imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. China (X units) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.0% per year) and China (+2.4% per year).

In value terms, Germany ($X) constituted the largest supplier of non-window or wall air conditioning machines to Austria, comprising 45% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by Hungary, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.9% per year) and Hungary (-0.8% per year).

Import Prices by Country

In 2022, the average air conditioning machine import price amounted to $X per unit, with an increase of 15% against the previous year. Overall, the import price showed a mild expansion. The most prominent rate of growth was recorded in 2021 an increase of 17%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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 Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform