Italy: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in Italy

The Italian heat exchange unit market skyrocketed to $X in 2022, growing by 72% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Heat exchange unit consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Heat Exchange Unit Production in Italy

In value terms, heat exchange unit production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 28%. Heat exchange unit production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Heat Exchange Unit Exports

Exports from Italy

In 2022, after two years of growth, there was significant decline in shipments abroad of heat exchange units, when their volume decreased by -6.2% to X units. The total export volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 14%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, heat exchange unit exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 25%. Over the period under review, the exports hit record highs at $X in 2021, and then fell slightly in the following year.

Exports by Country

Germany (X units), France (X units) and Turkey (X units) were the main destinations of heat exchange unit exports from Italy, with a combined 35% share of total exports. The Czech Republic, Egypt, Spain, the United States, Sweden, the Netherlands, China, Poland, the UK and Slovakia lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +19.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the United States ($X) appeared to be the largest markets for heat exchange unit exported from Italy worldwide, with a combined 32% share of total exports. The Czech Republic, Turkey, Sweden, Spain, the Netherlands, Egypt, China, the UK, Poland and Slovakia lagged somewhat behind, together accounting for a further 36%.

In terms of the main countries of destination, Egypt, with a CAGR of +23.0%, recorded the highest rates of growth with regard to 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

The average heat exchange unit export price stood at $X per unit in 2022, rising by 5.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 12%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to France ($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 Slovakia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports into Italy

In 2022, purchases abroad of heat exchange units increased by 15% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, heat exchange unit imports surged to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.8% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), North Macedonia (X units) and Sweden (X units) were the main suppliers of heat exchange unit imports to Italy, together comprising 44% of total imports. Germany, Spain, Slovakia, Serbia, South Korea, Denmark, France, Romania, the Czech Republic and Poland lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +165.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest heat exchange unit suppliers to Italy were China ($X), Germany ($X) and Spain ($X), together accounting for 40% of total imports. Sweden, North Macedonia, Slovakia, Serbia, France, South Korea, the Czech Republic, Romania, Denmark and Poland lagged somewhat behind, together accounting for a further 40%.

Among the main suppliers, Serbia, with a CAGR of +119.0%, 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

In 2022, the average heat exchange unit import price amounted to $X per unit, rising by 2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2016 when the average import price increased by 10% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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