Netherlands: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in the Netherlands

The Dutch heat exchange unit market soared to $X in 2022, jumping by 69% against the previous year. Over the period under review, consumption, however, continues to indicate a mild setback. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Heat Exchange Unit Production in the Netherlands

In value terms, heat exchange unit production surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild setback. The growth pace was the most rapid in 2016 when the production volume increased by 99%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Heat Exchange Unit Exports

Exports from the Netherlands

In 2022, shipments abroad of heat exchange units was finally on the rise to reach X units after three years of decline. The total export volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 11% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, heat exchange unit exports reduced to $X in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 13%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), Belgium (X units) and France (X units) were the main destinations of heat exchange unit exports from the Netherlands, with a combined 43% share of total exports. The UK, Brazil, Turkey, Finland, Hungary, Sweden, Denmark, Italy, Spain and Austria lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +33.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for heat exchange units exports from the Netherlands, comprising 23% of total exports. The second position in the ranking was taken by Belgium ($X), with a 9.2% share of total exports. It was followed by the UK, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+3.8% per year) and the UK (-1.1% per year).

Export Prices by Country

The average heat exchange unit export price stood at $X per unit in 2022, shrinking by -13.8% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 12%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Sweden ($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 Germany (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports into the Netherlands

In 2022, approx. X units of heat exchange units were imported into the Netherlands; waning by -22.2% compared with the year before. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 28% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, heat exchange unit imports dropped to $X in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 21%. Over the period under review, imports reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

China (X units), Belgium (X units) and Germany (X units) were the main suppliers of heat exchange unit imports to the Netherlands, together comprising 57% of total imports. Sweden, Italy, the UK, Finland, the Czech Republic, Denmark, Taiwan (Chinese), South Korea, Romania and Poland lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +22.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest heat exchange unit suppliers to the Netherlands were Germany ($X), China ($X) and Belgium ($X), with a combined 51% share of total imports. Sweden, Italy, the UK, Finland, Denmark, Poland, Taiwan (Chinese), South Korea, Romania and the Czech Republic lagged somewhat behind, together accounting for a further 30%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +19.3%, 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 heat exchange unit import price stood at $X per unit in 2022, increasing by 12% 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 2017 an increase of 38% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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