EU: 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 the EU

For the seventh year in a row, the EU market for window or wall air conditioning systems, self-contained or split-systems recorded growth in sales value, which increased by 9.8% to $X in 2022. Overall, consumption posted a prominent expansion. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in the EU

In value terms, production of window or wall air conditioning systems, self-contained or split-systems rose rapidly to $X in 2022 estimated in export price. In general, production showed a mild descent. Over the period under review, production of hit record highs 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 the EU

In 2022, the amount of window or wall air conditioning systems, self-contained or split-systems exported in the European Union rose notably to X units, increasing by 7.8% compared with the previous year's figure. Total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +115.5% against 2015 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 24% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems contracted to $X in 2022. Total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +121.2% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

In 2022, Italy (X units), distantly followed by Spain (X units), the Netherlands (X units), Germany (X units), France (X units) and Poland (X units) were the largest exporters of window or wall air conditioning systems, self-contained or split-systems, together achieving 64% of total exports. The following exporters - Greece (X units), Belgium (X units), Estonia (X units), Sweden (X units), Croatia (X units), Denmark (X units) and Romania (X units) - together made up 22% 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 Croatia (with a CAGR of +27.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest window, wall, or split air conditioning system supplying countries in the European Union were Italy ($X), Spain ($X) and the Netherlands ($X), with a combined 43% share of total exports. Germany, France, Poland, Greece, Belgium, Estonia, Sweden, Croatia, Denmark and Romania lagged somewhat behind, together accounting for a further 43%.

Croatia, with a CAGR of +27.4%, recorded the highest growth rate of the value of exports, in terms of 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

The export price in the European Union stood at $X per unit in 2022, shrinking by -12.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 22% against the previous year. The level of export peaked at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Croatia ($X per unit) and Romania ($X per unit), while Belgium ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (-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 the EU

In 2022, supplies from abroad of window or wall air conditioning systems, self-contained or split-systems increased by 8.6% to X units, rising for the seventh year in a row after three years of decline. In general, imports posted prominent growth. The growth pace was the most rapid in 2016 with an increase of 52% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems rose significantly to $X in 2022. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 39% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X units), followed by France (X units), Spain (X units), the Netherlands (X units), Greece (X units), Poland (X units), Germany (X units) and Bulgaria (X units) were the largest importers of window or wall air conditioning systems, self-contained or split-systems, together comprising 69% of total imports. Hungary (X units), Romania (X units), Portugal (X units), Sweden (X units) and Finland (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +23.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Spain ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 37% share of total imports. The Netherlands, Greece, Poland, Germany, Bulgaria, Hungary, Romania, Finland, Portugal and Sweden lagged somewhat behind, together comprising a further 47%.

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 the European Union amounted to $X per unit, growing by 2.4% against the previous year. Over the period under review, the import price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2014 an increase of 15%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Finland ($X per unit) and Bulgaria ($X per unit), while Spain ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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