Belgium: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Belgium

After six years of growth, the Belgian market for window or wall air conditioning systems, self-contained or split-systems decreased by -11.7% to $X in 2022. In general, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank in the following year.

Production of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Belgium

In value terms, production of window or wall air conditioning systems, self-contained or split-systems expanded markedly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a slight increase. The growth pace was the most rapid in 2019 when the production volume increased by 102% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from Belgium

In 2022, shipments abroad of window or wall air conditioning systems, self-contained or split-systems decreased by -27.2% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 177% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems dropped sharply to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 165% against the previous year. The exports peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

The Netherlands (X units), France (X units) and Poland (X units) were the main destinations of exports of window or wall air conditioning systems, self-contained or split-systems from Belgium, together comprising 60% of total exports. Germany, Spain, Luxembourg, Italy, Sweden, Switzerland, the UK and the United Arab Emirates lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +67.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Poland ($X) were the largest markets for window, wall, or split air conditioning system exported from Belgium worldwide, with a combined 60% share of total exports. Germany, Spain, Luxembourg, Italy, Sweden, Switzerland, the UK and the United Arab Emirates lagged somewhat behind, together comprising a further 33%.

Spain, with a CAGR of +67.5%, 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 window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, increasing by 2.5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 23%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($X per unit) and the UK ($X per unit), while the average price for exports to Italy ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+0.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into Belgium

After two years of growth, purchases abroad of window or wall air conditioning systems, self-contained or split-systems decreased by -23.9% to X units in 2022. In general, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 65% against the previous year. Imports peaked at X units in 2021, and then declined notably in the following year.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems dropped dramatically to $X in 2022. Over the period under review, imports, however, posted a prominent increase. The growth pace was the most rapid in 2020 with an increase of 49%. Over the period under review, imports of hit record highs at $X in 2021, and then dropped notably in the following year.

Imports by Country

France (X units), Germany (X units) and the Czech Republic (X units) were the main suppliers of imports of window or wall air conditioning systems, self-contained or split-systems to Belgium, with a combined 55% share of total imports. China, the Netherlands, Portugal, Thailand, Italy, Sweden and the UK lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +140.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest window, wall, or split air conditioning system suppliers to Belgium were France ($X), Germany ($X) and the Czech Republic ($X), together accounting for 55% of total imports. China, the Netherlands, Portugal, Thailand, Italy, Sweden and the UK lagged somewhat behind, together accounting for a further 40%.

Portugal, with a CAGR of +138.5%, recorded 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 window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, dropping by -7.1% against the previous year. Over the period under review, the import price recorded a slight descent. The pace of growth was the most pronounced in 2018 when the average import price increased by 22%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and Thailand ($X per unit), while the price for the UK ($X per unit) and Portugal ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :