Czech Republic: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in the Czech Republic

The Czech heat exchange unit market soared to $X in 2022, growing by 144% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Heat Exchange Unit Production in the Czech Republic

In value terms, heat exchange unit production fell to $X in 2022 estimated in export price. In general, production, however, showed a perceptible setback. The growth pace was the most rapid in 2017 with an increase of 105% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Heat Exchange Unit Exports

Exports from the Czech Republic

In 2022, shipments abroad of heat exchange units increased by 4% to X units, rising for the second consecutive year after six years of decline. In general, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 12%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, heat exchange unit exports expanded markedly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 18% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X units), France (X units) and Poland (X units) were the main destinations of heat exchange unit exports from the Czech Republic, with a combined 39% share of total exports. These countries were followed by Belgium, Sweden, Russia, the UK, Spain, Italy, Austria, the United States, Turkey and Slovakia, which together accounted for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +31.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for heat exchange units exports from the Czech Republic, comprising 22% of total exports. The second position in the ranking was held by France ($X), with a 9.9% share of total exports. It was followed by Poland, with a 9% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+2.7% per year) and Poland (+4.3% per year).

Export Prices by Country

In 2022, the average heat exchange unit export price amounted to $X per unit, with an increase of 7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2018 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Slovakia ($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 (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports into the Czech Republic

In 2022, approx. X units of heat exchange units were imported into the Czech Republic; with an increase of 13% on 2021 figures. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, heat exchange unit imports skyrocketed to $X in 2022. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Italy (X units), Poland (X units) and Sweden (X units) were the main suppliers of heat exchange unit imports to the Czech Republic, together accounting for 64% of total imports. These countries were followed by Germany, Slovakia, the Netherlands, Spain, China and France, which together accounted for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +55.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Poland ($X) and Sweden ($X) constituted the largest heat exchange unit suppliers to the Czech Republic, together comprising 57% of total imports. These countries were followed by Germany, Slovakia, the Netherlands, Spain, China and France, which together accounted for a further 27%.

Among the main suppliers, Spain, with a CAGR of +58.3%, recorded the highest rates of growth with regard to 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

In 2022, the average heat exchange unit import price amounted to $X per unit, increasing by 5.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 16% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Spain ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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