Northern America: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in Northern America

The North American heat exchange unit market expanded slightly to $X in 2022, picking up by 1.5% against the previous year. Over the period under review, consumption, however, showed a slight decrease. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Heat Exchange Unit Production in Northern America

In value terms, heat exchange unit production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced slump. The growth pace was the most rapid in 2021 with an increase of 38%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Heat Exchange Unit Exports

Exports in Northern America

In 2022, the amount of heat exchange units exported in Northern America expanded markedly to X units, increasing by 12% compared with the previous year. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 18% 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, heat exchange unit exports surged to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States represented the major exporting country with an export of about X units, which resulted at 87% of total exports. It was distantly followed by Canada (X units), committing a 13% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of heat exchange units. Canada experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest heat exchange unit supplier in Northern America, comprising 87% of total exports. The second position in the ranking was held by Canada ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, picking up by 11% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.6%).

Heat Exchange Unit Imports

Imports in Northern America

In 2022, the amount of heat exchange units imported in Northern America soared to X units, picking up by 33% on the previous year. Over the period under review, imports showed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 46% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, heat exchange unit imports surged to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +38.7% against 2020 indices. The growth pace was the most rapid in 2015 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the United States (X units) was the key importer of heat exchange units, creating 89% of total imports. It was distantly followed by Canada (X units), comprising an 11% share of total imports.

The United States was also the fastest-growing in terms of the heat exchange units imports, with a CAGR of +16.9% from 2012 to 2022. At the same time, Canada (+1.8%) displayed positive paces of growth. The United States (+22 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -21.6% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported heat exchange units in Northern America, comprising 77% of total imports. The second position in the ranking was held by Canada ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +7.0%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, shrinking by -8.8% against the previous year. Over the period under review, the import price saw a deep contraction. The pace of growth was the most pronounced in 2019 when the import price increased by 10%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.4%).

Source: IndexBox Platform

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