Belgium: Hvac Equipment Market 2024

Hvac Equipment Market Size in Belgium

In 2022, the Belgian HVAC equipment market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hvac Equipment Production in Belgium

In value terms, HVAC equipment production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Hvac Equipment Exports

Exports from Belgium

For the fifth year in a row, Belgium recorded growth in overseas shipments of HVAC equipment, which increased by X% to X units in 2022. In general, exports saw a pronounced increase. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, HVAC equipment exports rose notably to $X in 2022. Over the period under review, exports saw a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

France (X units) was the main destination for HVAC equipment exports from Belgium, with a X% share of total exports. Moreover, HVAC equipment exports to France exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, France ($X) remains the key foreign market for HVAC equipment exports from Belgium, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

Export Prices by Country

The average HVAC equipment export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, HVAC equipment export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

Hvac Equipment Imports

Imports into Belgium

For the third year in a row, Belgium recorded growth in supplies from abroad of HVAC equipment, which increased by X% to X units in 2022. Over the period under review, imports posted prominent growth. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, HVAC equipment imports rose to $X in 2022. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest HVAC equipment supplier to Belgium, accounting for a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fourfold. Germany (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, China ($X), Germany ($X) and the Netherlands ($X) were the largest HVAC equipment suppliers to Belgium, with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 Sweden ($X per unit), while the price for China ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform