Eastern Europe: Hvac Equipment Market 2024

Hvac Equipment Market Size in Eastern Europe

For the third year in a row, the East European HVAC equipment market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed a remarkable increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Hvac Equipment Production in Eastern Europe

In value terms, HVAC equipment production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level in 2022 and is likely to see steady growth in years to come.

Hvac Equipment Exports

Exports in Eastern Europe

For the third year in a row, Eastern Europe recorded growth in shipments abroad of HVAC equipment, which increased by X% to X units in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, HVAC equipment exports amounted to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Hungary (X units), distantly followed by Poland (X units), the Czech Republic (X units), Romania (X units), Russia (X units) and Slovakia (X units) were the main exporters of HVAC equipment, together achieving X% of total exports. Belarus (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 key exporting countries, was attained by Belarus (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest HVAC equipment supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), together comprising X% of total exports. Slovakia, Russia, Romania and Belarus lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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, dropping by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

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

Hvac Equipment Imports

Imports in Eastern Europe

In 2022, purchases abroad of HVAC equipment increased by X% to X units, rising for the third consecutive year after two years of decline. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, HVAC equipment imports soared to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Russia (X units), Poland (X units), Romania (X units) and the Czech Republic (X units) represented roughly X% of total imports in 2022. Hungary (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Slovakia (X%). Ukraine (X units) followed a long way behind the leaders.

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

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Hungary, Slovakia, Romania and Ukraine lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Hungary, with a CAGR of X%, saw 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, almost unchanged from the previous year. Over the period under review, the import price showed a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform