Luxembourg: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Luxembourg

In 2022, the Luxembourg air conditioning machine market decreased by -11.4% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Air Conditioning Machine Exports

Exports from Luxembourg

In 2022, approx. X units of non-window or wall air conditioning machines were exported from Luxembourg; waning by -75.7% against the previous year's figure. In general, exports, however, saw resilient growth. The growth pace was the most rapid in 2018 with an increase of 737% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, air conditioning machine exports reduced sharply to $X in 2022. Over the period under review, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 728%. Over the period under review, the exports 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), Germany (X units) and Belgium (X units) were the main destinations of air conditioning machine exports from Luxembourg, together comprising 91% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +24.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for non-window or wall air conditioning machines exports from Luxembourg, comprising 64% of total exports. The second position in the ranking was held by Belgium ($X), with an 11% share of total exports. It was followed by Germany, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to France totaled +35.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-8.2% per year) and Germany (+23.0% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2022, with an increase of 80% against the previous year. Overall, the export price showed noticeable growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Togo ($X per unit), while the average price for exports to Germany ($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 (+50.2%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Luxembourg

Air conditioning machine imports into Luxembourg dropped markedly to X units in 2022, which is down by -16.2% against 2021. Overall, imports, however, posted a measured expansion. The pace of growth was the most pronounced in 2017 when imports increased by 53% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, air conditioning machine imports dropped to $X in 2022. Over the period under review, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 42%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of air conditioning machine to Luxembourg, accounting for a 62% share of total imports. Moreover, air conditioning machine imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), fourfold. The third position in this ranking was held by China (X units), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+22.5% per year) and China (+52.9% per year).

In value terms, Germany ($X) constituted the largest supplier of non-window or wall air conditioning machines to Luxembourg, comprising 61% of total imports. The second position in the ranking was held by Belgium ($X), with a 12% share of total imports. It was followed by the Netherlands, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-0.1% per year) and the Netherlands (+31.7% per year).

Import Prices by Country

In 2022, the average air conditioning machine import price amounted to $X per unit, increasing by 2.4% against the previous year. Over the period under review, the import price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 21%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Belgium ($X per unit), while the price for China ($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 (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform