Benelux: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Benelux

The Benelux market for air conditioning machines for motor vehicles totaled $X in 2022, increasing by 3.5% against the previous year. In general, consumption enjoyed prominent growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Air Conditioning Machines For Motor Vehicles in Benelux

In value terms, motor vehicle air conditioning machine production expanded slightly to $X in 2022 estimated in export price. Overall, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 222% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports in Benelux

For the third year in a row, Benelux recorded growth in shipments abroad of air conditioning machines for motor vehicles, which increased by 19% to X units in 2022. In general, exports posted a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 75% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, motor vehicle air conditioning machine exports soared to $X in 2022. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 81%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

The Netherlands was the key exporter of air conditioning machines for motor vehicles in Benelux, with the volume of exports accounting for X units, which was near 62% of total exports in 2022. It was distantly followed by Belgium (X units), comprising a 38% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +9.6%).

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022.

Belgium, with a CAGR of +6.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, increasing by 6.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 9.7%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.2%).

Imports of Air Conditioning Machines For Motor Vehicles

Imports in Benelux

In 2022, the amount of air conditioning machines for motor vehicles imported in Benelux totaled X units, surging by 6.5% against the previous year's figure. Total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 39%. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, motor vehicle air conditioning machine imports shrank to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 29% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X units) represented the major importer of air conditioning machines for motor vehicles, comprising 75% of total imports. It was distantly followed by the Netherlands (X units), creating a 25% share of total imports.

Imports into Belgium decreased at an average annual rate of -1.3% from 2012 to 2022. At the same time, the Netherlands (+19.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +19.9% from 2012-2022. The Netherlands (+21 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -20.4% from 2012 to 2022, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported air conditioning machines for motor vehicles in Benelux, comprising 70% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Belgium totaled -3.0%.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, which is down by -6.3% against the previous year. In general, the import price saw a slight shrinkage. The pace of growth was the most pronounced in 2017 an increase of 78%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Belgium totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.6%).

Source: IndexBox Platform