Europe: 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 Europe

For the seventh consecutive year, the Europe market for window or wall air conditioning systems, self-contained or split-systems recorded growth in sales value, which increased by 7.2% to $X in 2022. Over the period under review, consumption continues to indicate a remarkable increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

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

In value terms, production of window or wall air conditioning systems, self-contained or split-systems stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 17%. Over the period under review, production of attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports in Europe

For the third consecutive year, Europe recorded growth in overseas shipments of window or wall air conditioning systems, self-contained or split-systems, which increased by 9.7% to X units in 2022. Total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +126.1% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by 25%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems declined slightly to $X in 2022. Total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +129.1% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by 28% against the previous year. As a result, the exports reached the peak of $X, and then declined modestly in the following year.

Exports by Country

In 2022, Italy (X units), followed by Spain (X units), the Netherlands (X units), Germany (X units), France (X units), Poland (X units) and the UK (X units) represented the key exporters of window or wall air conditioning systems, self-contained or split-systems, together generating 63% of total exports. The following exporters - Greece (X units), Belgium (X units), Estonia (X units), Sweden (X units), Croatia (X units) and Denmark (X units) - together made up 18% 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, Italy ($X), Spain ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2022, with a combined 39% share of total exports. Germany, France, Poland, the UK, Greece, Belgium, Estonia, Sweden, Croatia and Denmark lagged somewhat behind, together comprising a further 42%.

Croatia, with a CAGR of +27.4%, saw 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

The export price in Europe stood at $X per unit in 2022, with a decrease of -12.4% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 20% against the previous year. The level of export peaked at $X per unit in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Croatia ($X per unit) and Denmark ($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 Europe

In 2022, supplies from abroad of window or wall air conditioning systems, self-contained or split-systems increased by 7% to X units, rising for the seventh year in a row after three years of decline. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 41% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems totaled $X in 2022. In general, imports showed a strong increase. The growth pace was the most rapid in 2016 with an increase of 34% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Italy (X units), Russia (X units), France (X units), Spain (X units), the Netherlands (X units), Greece (X units), Poland (X units), Germany (X units), Bulgaria (X units), Hungary (X units), Romania (X units) and the UK (X units) represented the main importer of window or wall air conditioning systems, self-contained or split-systems in Europe, achieving 75% of total import. Portugal (X units) took 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) were the countries with the highest levels of imports in 2022, together accounting for 31% of total imports. Russia, the Netherlands, Greece, Poland, Germany, Bulgaria, Hungary, Romania, the UK and Portugal lagged somewhat behind, together comprising a further 44%.

Hungary, with a CAGR of +21.8%, saw 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

The import price in Europe stood at $X per unit in 2022, picking up by 2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 12% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform