Hungary: 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 Hungary

The Hungarian market for window or wall air conditioning systems, self-contained or split-systems soared to $X in 2022, with an increase of 72% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a significant increase. Consumption of peaked in 2022 and is likely to see gradual growth in years to come.

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

Exports from Hungary

In 2022, approx. X units of window or wall air conditioning systems, self-contained or split-systems were exported from Hungary; declining by -8.7% compared with the year before. In general, exports, however, recorded a moderate expansion. The pace of growth was the most pronounced in 2016 when exports increased by 87%. The exports peaked at X units in 2021, and then shrank in the following year.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems fell to $X in 2022. Over the period under review, exports, however, recorded tangible growth. The pace of growth appeared the most rapid in 2016 when exports increased by 61%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Slovakia (X units), the Czech Republic (X units) and Romania (X units) were the main destinations of exports of window or wall air conditioning systems, self-contained or split-systems from Hungary, together comprising 80% of total exports. Croatia, Serbia, Slovenia, Mauritius, the Netherlands and Bulgaria lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of +149.6%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), the Czech Republic ($X) and Romania ($X) constituted the largest markets for window, wall, or split air conditioning system exported from Hungary worldwide, together accounting for 80% of total exports. Croatia, Serbia, Slovenia, Mauritius, the Netherlands and Bulgaria lagged somewhat behind, together comprising a further 10%.

Mauritius, with a CAGR of +148.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for window or wall air conditioning systems, self-contained or split-systems stood at $X per unit in 2022, rising by 2.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 26%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per unit) and Croatia ($X per unit), while the average price for exports to Mauritius ($X per unit) and Serbia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-0.1%), while the prices for the other major destinations experienced a decline.

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

Imports into Hungary

In 2022, imports of window or wall air conditioning systems, self-contained or split-systems into Hungary soared to X units, with an increase of 48% on 2021 figures. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of 135%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems soared to $X in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 107% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Hong Kong SAR (X units), China (X units) and Germany (X units) were the main suppliers of imports of window or wall air conditioning systems, self-contained or split-systems to Hungary, with a combined 78% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +47.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest window, wall, or split air conditioning system suppliers to Hungary were Hong Kong SAR ($X), China ($X) and Germany ($X), together comprising 78% of total imports.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +45.5%, recorded 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

The average import price for window or wall air conditioning systems, self-contained or split-systems stood at $X per unit in 2022, rising by 15% against the previous year. Overall, the import price, however, showed a mild decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Slovakia ($X per unit) and Singapore ($X per unit), while the price for Slovenia ($X per unit) and Austria ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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