Luxembourg: Market for Air conditioning Machines without Refrigeration Unit 2024

Market Size for Air conditioning Machines without Refrigeration Unit in Luxembourg

In 2022, after two years of growth, there was decline in the Luxembourg market for air conditioning machines without refrigeration unit, when its value decreased by -0.1% to $X. In general, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +13.9% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Air conditioning Machines without Refrigeration Unit

Exports from Luxembourg

In 2022, approx. X units of air conditioning machines without refrigeration unit were exported from Luxembourg; with a decrease of -24.2% on 2021 figures. Overall, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 177% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of air conditioning machines without refrigeration unit contracted to $X in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 206% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for exports of air conditioning machines without refrigeration unit from Luxembourg, accounting for a 65% share of total exports. Moreover, exports of air conditioning machines without refrigeration unit to France exceeded the volume sent to the second major destination, Belgium (X units), twofold. The third position in this ranking was held by Togo (X units), with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +104.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-1.8% per year) and Togo (0.0% per year).

In value terms, France ($X) remains the key foreign market for air conditioning machines without refrigeration unit exports from Luxembourg, comprising 74% of total exports. The second position in the ranking was held by Belgium ($X), with a 10% share of total exports. It was followed by Togo, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +73.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-5.2% per year) and Togo (0.0% per year).

Export Prices by Country

In 2022, the average export price for air conditioning machines without refrigeration unit amounted to $X per unit, rising by 13% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for air conditioning machines without refrigeration unit increased by +137.4% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 50% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per unit), while the average price for exports to Belgium ($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 Japan (+47.9%), while the prices for the other major destinations experienced a decline.

Imports of Air conditioning Machines without Refrigeration Unit

Imports into Luxembourg

In 2022, imports of air conditioning machines without refrigeration unit into Luxembourg rose significantly to X units, surging by 8.6% on the previous year's figure. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 79%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of air conditioning machines without refrigeration unit reduced to $X in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +8.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 66% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest air conditioning machins without refrigeration unit supplier to Luxembourg, with a 65% share of total imports. Moreover, imports of air conditioning machines without refrigeration unit from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+22.5% per year) and the Netherlands (+28.9% per year).

In value terms, Germany ($X) constituted the largest supplier of air conditioning machines without refrigeration unit to Luxembourg, comprising 71% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total imports. It was followed by the Czech Republic, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+34.9% per year) and the Czech Republic (+9.6% per year).

Import Prices by Country

The average import price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, with a decrease of -9.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for the Czech Republic ($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 Netherlands (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform