Eastern Europe: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in Eastern Europe

In 2022, the East European heat exchange unit market increased by 9.4% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Heat Exchange Unit Production in Eastern Europe

In value terms, heat exchange unit production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 36%. The level of production peaked at $X in 2021, and then fell in the following year.

Heat Exchange Unit Exports

Exports in Eastern Europe

In 2022, approx. X units of heat exchange units were exported in Eastern Europe; declining by -1.7% against 2021. The total export volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 37% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, heat exchange unit exports expanded notably to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 56%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Hungary (X units), Poland (X units) and the Czech Republic (X units) represented the main exporter of heat exchange units in Eastern Europe, constituting 71% of total export. Romania (X units) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Slovakia (10%). Russia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of +14.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest heat exchange unit supplying countries in Eastern Europe were Hungary ($X), Poland ($X) and Russia ($X), with a combined 63% share of total exports. These countries were followed by the Czech Republic, Slovakia and Romania, which together accounted for a further 33%.

In terms of the main exporting countries, Romania, with a CAGR of +19.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, rising by 8.9% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, heat exchange unit export price increased by +70.4% against 2015 indices. The growth pace was the most rapid in 2018 when the export price increased by 19%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+16.4%), while the other leaders experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in purchases abroad of heat exchange units, which increased by 1.8% to X units in 2022. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, heat exchange unit imports contracted to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Slovakia (X units), Russia (X units) and Poland (X units) represented the largest importer of heat exchange units in Eastern Europe, committing 68% of total import. The Czech Republic (X units) took the next position in the ranking, followed by Hungary (X units). All these countries together took near 23% share of total imports. Belarus (X units) and Romania (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +19.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest heat exchange unit importing markets in Eastern Europe were Poland ($X), Slovakia ($X) and Russia ($X), with a combined 62% share of total imports. The Czech Republic, Hungary, Belarus and Romania lagged somewhat behind, together comprising a further 32%.

In terms of the main importing countries, Hungary, with a CAGR of +17.5%, recorded the highest growth rate of 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

The import price in Eastern Europe stood at $X per unit in 2022, with a decrease of -1.9% against the previous year. Overall, the import price continues to indicate a slight slump. The growth pace was the most rapid in 2018 an increase of 7.3% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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