Belgium: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Belgium

The Belgian air conditioning machine market plummeted to $X in 2022, declining by -26% against the previous year. Over the period under review, consumption showed a perceptible descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Air Conditioning Machine Production in Belgium

In value terms, air conditioning machine production dropped to $X in 2022 estimated in export price. In general, production showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the production volume increased by 122% against the previous year. Air conditioning machine production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports from Belgium

In 2022, overseas shipments of non-window or wall air conditioning machines decreased by -59% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 119%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, air conditioning machine exports contracted dramatically to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 101%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for air conditioning machine exports from Belgium, accounting for a 52% share of total exports. Moreover, air conditioning machine exports to the Netherlands exceeded the volume sent to the second major destination, Brazil (X units), fourfold. France (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+29.4% per year) and France (-15.7% per year).

In value terms, the Netherlands ($X) remains the key foreign market for non-window or wall air conditioning machines exports from Belgium, comprising 51% of total exports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total exports. It was followed by France, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+15.0% per year) and France (-13.3% per year).

Export Prices by Country

In 2022, the average air conditioning machine export price amounted to $X per unit, rising by 39% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Luxembourg ($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 Germany (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Belgium

In 2022, purchases abroad of non-window or wall air conditioning machines decreased by -69.4% to X units for the first time since 2016, thus ending a five-year rising trend. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 88%. Imports peaked at X units in 2021, and then shrank rapidly in the following year.

In value terms, air conditioning machine imports dropped sharply to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 44%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell markedly in the following year.

Imports by Country

Germany (X units), the Netherlands (X units) and Italy (X units) were the main suppliers of air conditioning machine imports to Belgium, together accounting for 55% of total imports. China, France, Croatia, Sweden and the Czech Republic lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +141.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) constituted the largest air conditioning machine suppliers to Belgium, with a combined 54% share of total imports. Italy, Sweden, Croatia, China and the Czech Republic lagged somewhat behind, together accounting for a further 31%.

Croatia, with a CAGR of +149.6%, recorded the highest growth rate of 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 air conditioning machine import price amounted to $X per unit, jumping by 96% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 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 Sweden (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform