Ireland: Hvac Equipment Market 2024

Hvac Equipment Market Size in Ireland

After five years of growth, the Irish HVAC equipment market decreased by X% to $X in 2022. Overall, consumption saw a strong increase. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Hvac Equipment Production in Ireland

In value terms, HVAC equipment production shrank sharply to $X in 2022 estimated in export price. In general, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Hvac Equipment Exports

Exports from Ireland

For the fourth year in a row, Ireland recorded decline in overseas shipments of HVAC equipment, which decreased by X% to X units in 2022. Overall, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, HVAC equipment exports declined modestly to $X in 2022. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units), the Netherlands (X units) and Germany (X units) were the main destinations of HVAC equipment exports from Ireland, together comprising X% of total exports. Spain, Canada, Poland and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for HVAC equipment exports from Ireland, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average HVAC equipment export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hvac Equipment Imports

Imports into Ireland

In 2022, hvac equipment imports into Ireland skyrocketed to X units, with an increase of X% compared with the year before. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, HVAC equipment imports reduced to $X in 2022. Over the period under review, imports saw a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of HVAC equipment to Ireland, accounting for a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Germany (X% per year).

In value terms, the largest HVAC equipment suppliers to Ireland were the UK ($X), China ($X) and Italy ($X), together comprising X% of total imports. Germany, the Netherlands, the United States, Spain, Taiwan (Chinese) and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average HVAC equipment import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price 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. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Spain ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform