EU: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in the EU

The EU heat exchange unit market skyrocketed to $X in 2022, jumping by 17% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Heat Exchange Unit Production in the EU

In value terms, heat exchange unit production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by 9.3%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Heat Exchange Unit Exports

Exports in the EU

In 2022, overseas shipments of heat exchange units decreased by -2.9% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 11%. Over the period under review, the exports reached the peak figure at X units in 2021, and then reduced slightly in the following year.

In value terms, heat exchange unit exports totaled $X in 2022. The total export value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 13% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Italy (X units) and Germany (X units) represented roughly 40% of total exports in 2022. Sweden (X units) took the next position in the ranking, followed by Hungary (X units), Poland (X units), the Czech Republic (X units), France (X units) and Spain (X units). All these countries together held approx. 40% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +6.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Sweden ($X) constituted the countries with the highest levels of exports in 2022, together comprising 50% of total exports. France, Hungary, Poland, Spain and the Czech Republic lagged somewhat behind, together comprising a further 30%.

Hungary, with a CAGR of +9.4%, recorded the highest rates of growth with regard to the value of exports, among 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 the European Union amounted to $X per unit, surging by 3.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 11%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 France ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.6%), while the other leaders experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports in the EU

For the third consecutive year, the European Union recorded growth in supplies from abroad of heat exchange units, which increased by 1.6% to X units in 2022. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, heat exchange unit imports rose notably to $X in 2022. The total import value increased at an average annual rate of +4.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X units), distantly followed by Italy (X units), France (X units), Slovakia (X units), Poland (X units) and the Netherlands (X units) were the key importers of heat exchange units, together making up 67% of total imports. Spain (X units), Austria (X units), Sweden (X units), the Czech Republic (X units), Belgium (X units), Hungary (X units) and Denmark (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to heat exchange unit imports into Germany stood at +2.3%. At the same time, Hungary (+19.6%), Poland (+12.1%), Spain (+5.9%), the Czech Republic (+5.8%), Denmark (+5.7%), Slovakia (+4.6%), Sweden (+4.2%), Italy (+3.8%), the Netherlands (+2.4%) and France (+1.4%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the European Union, with a CAGR of +19.6% from 2012-2022. By contrast, Austria (-2.2%) and Belgium (-3.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Hungary increased by +3.8 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported heat exchange units in the European Union, comprising 28% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled +4.0%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+6.0% per year) and France (+4.1% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, increasing by 3.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2017 an increase of 7.4% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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