Europe: Air Conditioning Machine Market 2025

Air Conditioning Machine Market Size in Europe

The Europe air conditioning machine market contracted to $X in 2022, shrinking by -12.3% against the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +89.0% against 2015 indices. Over the period under review, the market attained the peak level at $X in 2021, and then reduced in the following year.

Air Conditioning Machine Production in Europe

In value terms, air conditioning machine production expanded sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 9.3%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Air Conditioning Machine Exports

Exports in Europe

After six years of growth, shipments abroad of non-window or wall air conditioning machines decreased by -17.1% to X units in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 7.9%. Over the period under review, the exports hit record highs at X units in 2021, and then shrank significantly in the following year.

In value terms, air conditioning machine exports declined to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 13% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, Italy (X units), distantly followed by Germany (X units), the Netherlands (X units), Spain (X units), Poland (X units) and France (X units) represented the key exporters of non-window or wall air conditioning machines, together constituting 68% of total exports. Hungary (X units), the Czech Republic (X units), Sweden (X units), Slovakia (X units), Croatia (X units), Denmark (X units) and Lithuania (X units) followed a long way behind the leaders.

Italy experienced a relatively flat trend pattern with regard to volume of exports of non-window or wall air conditioning machines. At the same time, Croatia (+24.4%), the Netherlands (+7.0%), Poland (+5.5%), Spain (+3.8%), Slovakia (+3.6%), Denmark (+3.1%), Hungary (+2.6%) and Lithuania (+1.6%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +24.4% from 2012-2022. By contrast, Sweden (-1.8%), France (-1.9%), the Czech Republic (-3.1%) and Germany (-3.2%) illustrated a downward trend over the same period. While the share of the Netherlands (+4.7 p.p.), Spain (+2.9 p.p.), Croatia (+2.5 p.p.) and Poland (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Germany (-4.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest air conditioning machine supplying countries in Europe were Italy ($X), Germany ($X) and the Netherlands ($X), with a combined 48% share of total exports. Spain, France, Sweden, the Czech Republic, Poland, Denmark, Lithuania, Slovakia, Hungary and Croatia lagged somewhat behind, together accounting for a further 38%.

Croatia, with a CAGR of +20.2%, recorded the highest rates of growth with regard to 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

In 2022, the export price in Europe amounted to $X per unit, growing by 10% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue 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 Sweden ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+3.0%), while the other leaders experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports in Europe

After six years of growth, overseas purchases of non-window or wall air conditioning machines decreased by -16.4% to X units in 2022. Total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 24%. The volume of import peaked at X units in 2021, and then contracted sharply in the following year.

In value terms, air conditioning machine imports reached $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

The purchases of the six major importers of non-window or wall air conditioning machines, namely France, Germany, the UK, the Netherlands, Russia and Italy, represented more than half of total import. Poland (X units), Norway (X units), Spain (X units), Sweden (X units), Switzerland (X units), Austria (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest air conditioning machine importing markets in Europe were Germany ($X), France ($X) and the UK ($X), together comprising 35% of total imports. Italy, the Netherlands, Poland, Spain, Russia, Norway, Switzerland, Austria, Belgium and Sweden lagged somewhat behind, together comprising a further 44%.

Poland, with a CAGR of +11.4%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Europe amounted to $X per unit, picking up by 20% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per unit), while Russia ($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 (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform