EU: Market for Air conditioning Machines without Refrigeration Unit 2024

Market Size for Air conditioning Machines without Refrigeration Unit in the EU

The EU market for air conditioning machines without refrigeration unit totaled $X in 2022, picking up by 4.3% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Air conditioning Machines without Refrigeration Unit in the EU

In value terms, production of air conditioning machines without refrigeration unit amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Air conditioning Machines without Refrigeration Unit

Exports in the EU

In 2022, the amount of air conditioning machines without refrigeration unit exported in the European Union totaled X units, remaining stable against the previous year. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 6.7%. The volume of export peaked at X units in 2019; afterwards, it flattened through to 2022.

In value terms, exports of air conditioning machines without refrigeration unit rose to $X in 2022. The total export value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 14% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, Italy (X units) and Germany (X units) were the main exporters of air conditioning machines without refrigeration unit in the European Union, together resulting at near 43% of total exports. Sweden (X units) took the next position in the ranking, followed by Lithuania (X units), Poland (X units), the Netherlands (X units) and Spain (X units). All these countries together took near 31% share of total exports. The following exporters - the Czech Republic (X units), France (X units), Hungary (X units), Denmark (X units), Austria (X units) and Slovakia (X units) - together made up 20% 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 Spain (with a CAGR of +11.5%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Sweden ($X) were the countries with the highest levels of exports in 2022, together accounting for 51% of total exports. Lithuania, the Netherlands, Poland, France, Denmark, the Czech Republic, Spain, Austria, Slovakia and Hungary lagged somewhat behind, together comprising a further 43%.

In terms of the main exporting countries, Austria, with a CAGR of +12.8%, 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 the European Union stood at $X per unit in 2022, picking up by 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2021 when the export price increased by 12% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady 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 Austria ($X per unit), while Hungary ($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 (+5.2%), while the other leaders experienced more modest paces of growth.

Imports of Air conditioning Machines without Refrigeration Unit

Imports in the EU

For the sixth year in a row, the European Union recorded growth in overseas purchases of air conditioning machines without refrigeration unit, which increased by 3.8% to X units in 2022. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of air conditioning machines without refrigeration unit stood at $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +69.9% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of 17%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of imports of air conditioning machines without refrigeration unit in 2022 were Germany (X units), France (X units), Italy (X units) and the Netherlands (X units), together resulting at 52% of total import. It was distantly followed by Poland (X units), Lithuania (X units), Austria (X units) and Belgium (X units), together constituting a 22% share of total imports. The following importers - Hungary (X units), Spain (X units), Ireland (X units), the Czech Republic (X units) and Portugal (X units) - together made up 13% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +22.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) were the countries with the highest levels of imports in 2022, together comprising 43% of total imports. The Netherlands, Poland, Austria, Belgium, Hungary, Ireland, Spain, Portugal, the Czech Republic and Lithuania lagged somewhat behind, together accounting for a further 43%.

Ireland, with a CAGR of +22.2%, saw 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

The import price in the European Union stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2018 when the import price increased by 9.9%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ireland ($X per unit), while Lithuania ($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 (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform