Germany: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Germany

In 2021, after six years of decline, there was significant growth in the German air conditioning machine market, when its value increased by 12% to $X. In general, consumption, however, showed a deep reduction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Air Conditioning Machine Production in Germany

In value terms, air conditioning machine production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 12% against the previous year. Air conditioning machine production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Air Conditioning Machine Exports

Exports from Germany

In 2021, after two years of decline, there was growth in overseas shipments of air conditioning machines, when their volume increased by 2.5% to X units. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 27%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, air conditioning machine exports rose significantly to $X in 2021. In general, total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.0% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, the exports reached the peak figure at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

China (X units), Sweden (X units) and France (X units) were the main destinations of air conditioning machine exports from Germany, with a combined 41% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +17.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and Sweden ($X) were the largest markets for air conditioning machine exported from Germany worldwide, together accounting for 32% of total exports.

Among the main countries of destination, China, with a CAGR of +13.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average air conditioning machine export price amounted to $X per unit, picking up by 5% against the previous year. In general, the export price saw a mild increase. The growth pace was the most rapid in 2014 an increase of 9.4% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Switzerland ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Germany

In 2021, overseas purchases of air conditioning machines decreased by -3.4% to X units, falling for the third consecutive year after four years of growth. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by 48%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, air conditioning machine imports expanded markedly to $X in 2021. Over the period under review, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +13.6% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 34%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X units) constituted the largest air conditioning machine supplier to Germany, with a 34% share of total imports. Moreover, air conditioning machine imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.4% per year) and the Netherlands (+7.2% per year).

In value terms, Italy ($X), the Czech Republic ($X) and the Netherlands ($X) were the largest air conditioning machine suppliers to Germany, with a combined 49% share of total imports. These countries were followed by China, France, Slovakia, Spain, the UK and Hungary, which together accounted for a further 27%.

In terms of the main suppliers, Slovakia, with a CAGR of +20.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average air conditioning machine import price amounted to $X per unit, growing by 11% against the previous year. Over the period under review, the import price, however, showed a mild descent. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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