Benelux: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Benelux

In 2022, the Benelux air conditioning machine market decreased by -35% to $X, falling for the third consecutive year after three years of growth. Overall, consumption showed a deep reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Air Conditioning Machine Production in Benelux

In value terms, air conditioning machine production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 42%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Air Conditioning Machine Exports

Exports in Benelux

After four years of growth, shipments abroad of non-window or wall air conditioning machines decreased by -44.7% to X units in 2022. Over the period under review, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 84% against the previous year. The volume of export peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, air conditioning machine exports declined remarkably to $X in 2022. In general, exports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted notably in the following year.

Exports by Country

The Netherlands dominates exports structure, amounting to X units, which was near 92% of total exports in 2022. It was distantly followed by Belgium (X units), creating an 8.4% share of total exports.

The Netherlands was also the fastest-growing in terms of the non-window or wall air conditioning machines exports, with a CAGR of +7.0% from 2012 to 2022. Belgium (-2.3%) illustrated a downward trend over the same period. While the share of the Netherlands (+10 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-10.1 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest air conditioning machine supplier in Benelux, comprising 90% of total exports. The second position in the ranking was held by Belgium ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled +3.5%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, jumping by 47% against the previous year. Over the period under review, the export price, however, recorded a perceptible descent. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%).

Air Conditioning Machine Imports

Imports in Benelux

In 2022, after five years of growth, there was significant decline in overseas purchases of non-window or wall air conditioning machines, when their volume decreased by -52.9% to X units. In general, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 52% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then contracted markedly in the following year.

In value terms, air conditioning machine imports reduced markedly to $X in 2022. Over the period under review, imports, however, enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2020 with an increase of 42%. The level of import peaked at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, the Netherlands (X units) represented the largest importer of non-window or wall air conditioning machines, creating 81% of total imports. It was distantly followed by Belgium (X units), committing a 16% share of total imports. Luxembourg (X units) held a minor share of total imports.

The Netherlands was also the fastest-growing in terms of the non-window or wall air conditioning machines imports, with a CAGR of +7.9% from 2012 to 2022. At the same time, Luxembourg (+3.4%) displayed positive paces of growth. Belgium experienced a relatively flat trend pattern. While the share of the Netherlands (+14 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-13.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported non-window or wall air conditioning machines in Benelux, comprising 76% of total imports. The second position in the ranking was taken by Belgium ($X), with a 22% share of total imports.

In the Netherlands, air conditioning machine imports expanded at an average annual rate of +6.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (+0.5% per year) and Luxembourg (+1.4% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, jumping by 48% against the previous year. In general, the import price, however, recorded a slight decline. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, 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 Belgium ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform