Belgium: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Belgium

The Belgian market for air conditioning machines for motor vehicles expanded rapidly to $X in 2022, growing by 5.3% against the previous year. Over the period under review, consumption showed prominent growth. Motor vehicle air conditioning machine consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Air Conditioning Machines For Motor Vehicles in Belgium

In value terms, motor vehicle air conditioning machine production amounted to $X in 2022 estimated in export price. Overall, production recorded a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 3,658%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Belgium

In 2022, shipments abroad of air conditioning machines for motor vehicles decreased by -19.5% to X units for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 51%. The exports peaked at X units in 2021, and then reduced rapidly in the following year.

In value terms, motor vehicle air conditioning machine exports dropped significantly to $X in 2022. Overall, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 57%. The exports peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

China (X units) was the main destination for motor vehicle air conditioning machine exports from Belgium, with a 51% share of total exports. Moreover, motor vehicle air conditioning machine exports to China exceeded the volume sent to the second major destination, Malaysia (X units), threefold. The United States (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +98.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+90.9% per year) and the United States (+55.7% per year).

In value terms, China ($X), North Macedonia ($X) and Malaysia ($X) appeared to be the largest markets for motor vehicle air conditioning machine exported from Belgium worldwide, with a combined 63% share of total exports.

Malaysia, with a CAGR of +91.5%, recorded 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 export price for air conditioning machines for motor vehicles amounted to $X per unit, flattening at the previous year. In general, the export price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to the United States ($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 North Macedonia (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Belgium

In 2022, supplies from abroad of air conditioning machines for motor vehicles was finally on the rise to reach X units after two years of decline. In general, imports, however, showed a slight decline. The most prominent rate of growth was recorded in 2019 with an increase of 39% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, motor vehicle air conditioning machine imports contracted to $X in 2022. Overall, imports, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2013 when imports increased by 30% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X units) constituted the largest supplier of motor vehicle air conditioning machine to Belgium, accounting for a 46% share of total imports. Moreover, motor vehicle air conditioning machine imports from Sweden exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), twofold. Germany (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+17.6% per year) and Germany (-14.4% per year).

In value terms, the largest motor vehicle air conditioning machine suppliers to Belgium were Slovakia ($X), Sweden ($X) and Germany ($X), with a combined 62% share of total imports.

Slovakia, with a CAGR of +254.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for air conditioning machines for motor vehicles amounted to $X per unit, waning by -10.3% against the previous year. Over the period under review, the import price recorded a mild downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 82%. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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