EU: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in the EU

In 2022, after ten years of growth, there was significant decline in the EU market for air conditioning machines for motor vehicles, when its value decreased by -14.9% to $X. In general, consumption, however, saw resilient growth. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Air Conditioning Machines For Motor Vehicles in the EU

In value terms, motor vehicle air conditioning machine production stood at $X in 2022 estimated in export price. Overall, production, however, saw prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 27%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports in the EU

In 2022, motor vehicle air conditioning machine exports in the European Union reduced to X units, with a decrease of -9.4% on the year before. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 16% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor vehicle air conditioning machine exports fell to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Poland (X units), Slovakia (X units) and the Czech Republic (X units) represented roughly 84% of total exports in 2022. It was distantly followed by Spain (X units), committing a 5.3% share of total exports. The following exporters - France (X units) and Italy (X units) - together made up 7.4% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +8.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle air conditioning machine supplying countries in the European Union were Germany ($X), Slovakia ($X) and the Czech Republic ($X), together accounting for 63% of total exports. Poland, Spain, Italy and France lagged somewhat behind, together comprising a further 31%.

Among the main exporting countries, Poland, with a CAGR of +9.2%, saw 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 the European Union stood at $X per unit in 2022, remaining stable against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 13%. As a result, the export price attained the peak level of $X per unit, leveling off in the following year.

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 Italy ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the other leaders experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports in the EU

In 2022, the amount of air conditioning machines for motor vehicles imported in the European Union reached X units, remaining relatively unchanged against 2021. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 35% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, motor vehicle air conditioning machine imports shrank to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 27% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Germany was the main importer of air conditioning machines for motor vehicles in the European Union, with the volume of imports amounting to X units, which was near 34% of total imports in 2022. France (X units) took the second position in the ranking, followed by Belgium (X units), Spain (X units), Sweden (X units), Poland (X units), Hungary (X units) and Portugal (X units). All these countries together took near 54% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to motor vehicle air conditioning machine imports into Germany stood at +4.2%. At the same time, Sweden (+29.9%), Hungary (+21.9%), Poland (+8.8%), Spain (+8.4%), Portugal (+5.7%) and France (+2.3%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the European Union, with a CAGR of +29.9% from 2012-2022. By contrast, Belgium (-1.3%) illustrated a downward trend over the same period. While the share of Sweden (+5.8 p.p.), Hungary (+4.6 p.p.), Germany (+2.8 p.p.), Spain (+2.5 p.p.) and Poland (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-5.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported air conditioning machines for motor vehicles in the European Union, comprising 28% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by Belgium, with a 10% share.

In Germany, motor vehicle air conditioning machine imports increased at an average annual rate of +1.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (-2.2% per year) and Belgium (-3.0% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, shrinking by -1.6% against the previous year. In general, the import price continues to indicate a pronounced setback. The growth pace was the most rapid in 2017 when the import price increased by 6.7%. Over the period under review, import prices attained the maximum 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 Sweden ($X per unit), while Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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