Eastern Europe: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Eastern Europe

In 2022, the East European market for window or wall air conditioning systems, self-contained or split-systems increased by 12% to $X, rising for the seventh year in a row after three years of decline. Over the period under review, consumption enjoyed a noticeable increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Production of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Eastern Europe

In value terms, production of window or wall air conditioning systems, self-contained or split-systems contracted slightly to $X in 2022 estimated in export price. In general, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 31%. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports in Eastern Europe

For the fifth year in a row, Eastern Europe recorded growth in overseas shipments of window or wall air conditioning systems, self-contained or split-systems, which increased by 13% to X units in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 50%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems expanded to $X in 2022. Over the period under review, exports, however, showed a slight decrease. The pace of growth was the most pronounced in 2013 with an increase of 53%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

In 2022, Poland (X units), distantly followed by Estonia (X units), Romania (X units), Lithuania (X units), Russia (X units), the Czech Republic (X units), Belarus (X units), Slovakia (X units) and Bulgaria (X units) were the major exporters of window or wall air conditioning systems, self-contained or split-systems, together committing 93% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Russia (with a CAGR of +24.6%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Estonia ($X) and Romania ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 55% of total exports. Lithuania, the Czech Republic, Russia, Slovakia, Bulgaria and Belarus lagged somewhat behind, together comprising a further 38%.

In terms of the main exporting countries, Russia, with a CAGR of +19.8%, 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

The export price in Eastern Europe stood at $X per unit in 2022, dropping by -8.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 13% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (-0.0%), while the other leaders experienced a decline in the export price figures.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports in Eastern Europe

In 2022, imports of window or wall air conditioning systems, self-contained or split-systems in Eastern Europe totaled X units, picking up by 8.2% on the previous year's figure. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems expanded notably to $X in 2022. Over the period under review, imports saw a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 33%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Russia was the largest importing country with an import of about X units, which recorded 36% of total imports. Poland (X units) ranks second in terms of the total imports with a 14% share, followed by Bulgaria (11%), Hungary (11%) and Romania (8.1%). The following importers - Ukraine (X units), the Czech Republic (X units) and Estonia (X units) - each finished at a 10% share of total imports.

Imports into Russia increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, Hungary (+23.6%), Poland (+12.4%), Bulgaria (+12.4%), Romania (+10.1%), the Czech Republic (+7.8%) and Estonia (+1.1%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +23.6% from 2012-2022. Ukraine experienced a relatively flat trend pattern. While the share of Hungary (+8.3 p.p.), Poland (+6.2 p.p.), Bulgaria (+4.8 p.p.) and Romania (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Estonia (-2 p.p.), Ukraine (-2.9 p.p.) and Russia (-22 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest window, wall, or split air conditioning system importing markets in Eastern Europe were Russia ($X), Poland ($X) and Bulgaria ($X), with a combined 55% share of total imports. Hungary, Romania, Ukraine, the Czech Republic and Estonia lagged somewhat behind, together accounting for a further 35%.

Hungary, with a CAGR of +21.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, growing by 5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 8.4%. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 the Czech Republic ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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