Belgium: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Belgium

In 2021, the Belgian air conditioning machine market increased by 14% to $X, rising for the sixth year in a row after two years of decline. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Air Conditioning Machine Exports

Exports from Belgium

In 2021, shipments abroad of air conditioning machines increased by 6.4% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 96%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, air conditioning machine exports soared to $X in 2021. Overall, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 87% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

France (X units) was the main destination for air conditioning machine exports from Belgium, with a 43% share of total exports. Moreover, air conditioning machine exports to France exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The third position in this ranking was held by the United Arab Emirates (X units), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+5.3% per year) and the United Arab Emirates (+2.6% per year).

In value terms, France ($X) remains the key foreign market for air conditioning machine exports from Belgium, comprising 40% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+4.4% per year) and the Netherlands (+6.3% per year).

Export Prices by Country

In 2021, the average air conditioning machine export price amounted to $X per unit, increasing by 9.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Belgium

Air conditioning machine imports into Belgium expanded sharply to X units in 2021, rising by 6.4% against 2020 figures. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 24%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, air conditioning machine imports surged to $X in 2021. In general, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.1% against 2015 indices. The growth pace was the most rapid in 2020 with an increase of 21%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), Sweden (X units) and Germany (X units) were the main suppliers of air conditioning machine imports to Belgium, with a combined 59% share of total imports. The Netherlands, the Czech Republic, France and Slovakia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +88.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the Netherlands ($X) constituted the largest air conditioning machine suppliers to Belgium, with a combined 53% share of total imports. These countries were followed by France, Sweden, the Czech Republic and Slovakia, which together accounted for a further 30%.

Slovakia, with a CAGR of +77.4%, saw the highest growth rate of the value of imports, in terms of 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 2021, the average air conditioning machine import price amounted to $X per unit, growing by 9.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 44% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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