EU: Hvac Equipment Market 2024

Hvac Equipment Market Size in the EU

For the third year in a row, the EU HVAC equipment market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed a strong expansion. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Hvac Equipment Production in the EU

In value terms, HVAC equipment production expanded notably 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 remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Hvac Equipment Exports

Exports in the EU

In 2022, overseas shipments of HVAC equipment increased by X% to X units, rising for the second year in a row after two years of decline. Total exports indicated a strong 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 2020 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 expected to retain growth in years to come.

In value terms, HVAC equipment exports expanded slightly to $X in 2022. The total export 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 pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Germany (X units) and Italy (X units) were the main exporters of HVAC equipment in 2022, resulting at approx. X% and X% of total exports, respectively. The Netherlands (X units) held the next position in the ranking, followed by Hungary (X units), Slovenia (X units), Poland (X units) and the Czech Republic (X units). All these countries together held near X% share of total exports. Spain (X units), Romania (X units), France (X units), Sweden (X units), Belgium (X units) and Slovakia (X units) followed a long way behind the leaders.

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

In value terms, the largest HVAC equipment supplying countries in the European Union were Germany ($X), Italy ($X) and France ($X), together accounting for X% of total exports. The Netherlands, Sweden, Spain, Poland, the Czech Republic, Hungary, Belgium, Slovakia, Slovenia and Romania lagged somewhat behind, together comprising a further X%.

Slovenia, with a CAGR of X%, saw 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, which is down by X% against the previous year. Over the period under review, the export price recorded a mild decline. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

Hvac Equipment Imports

Imports in the EU

In 2022, overseas purchases of HVAC equipment increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, HVAC equipment imports reached $X in 2022. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Italy (X units), the Netherlands (X units), Germany (X units), Poland (X units), Spain (X units), Romania (X units), France (X units) and the Czech Republic (X units) represented roughly X% of total imports in 2022. The following importers - Sweden (X units), Hungary (X units), Belgium (X units), Slovakia (X units) and Denmark (X units) - each accounted for a X% share of total imports.

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, Germany ($X), France ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Netherlands, Poland, Spain, Belgium, the Czech Republic, Sweden, Hungary, Slovakia, Denmark and Romania lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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, reducing by X% against the previous year. In general, the import price showed a mild slump. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then shrank sharply in the following year.

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