Europe: Hvac Equipment Market 2024

Hvac Equipment Market Size in Europe

For the third consecutive year, the Europe HVAC equipment market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption continues to indicate buoyant growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Hvac Equipment Production in Europe

In value terms, HVAC equipment production expanded sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed 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 Europe

In 2022, shipments abroad 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 buoyant growth 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 most prominent rate of growth was recorded 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 the immediate term.

In value terms, HVAC equipment exports amounted to $X in 2022. The total export value increased at an average annual rate of X% 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 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, Germany (X units) and Italy (X units) represented the key exporters of HVAC equipment in Europe, together accounting for approx. X% of total exports. The Netherlands (X units) held the next position in the ranking, followed by Hungary (X units), Slovenia (X units) and Poland (X units). All these countries together held near X% share of total exports. The Czech Republic (X units), Spain (X units), Romania (X units), France (X units), Russia (X units), Sweden (X units) and the UK (X units) took a relatively small share 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 the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

Slovenia, with a CAGR of X%, saw the highest growth rate of 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 Europe 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 setback. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 the UK (X%), while the other leaders experienced more modest paces of growth.

Hvac Equipment Imports

Imports in Europe

In 2022, overseas purchases of HVAC equipment increased by X% to X units, rising for the third year in a row after two years of decline. Total imports indicated buoyant growth 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, HVAC equipment imports expanded remarkably to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value 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, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Italy (X units), the Netherlands (X units), Germany (X units), Russia (X units), Poland (X units), Spain (X units), the UK (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) and Belgium (X units) - each finished at 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) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. The Netherlands, the UK, Poland, Russia, Spain, Belgium, the Czech Republic, Sweden, Hungary and Romania lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, 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 Europe amounted to $X per unit, which is down by X% against the previous year. In general, the import price recorded a slight decline. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2021, and then reduced 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