Portugal: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in Portugal

The Portuguese heat exchange unit market skyrocketed to $X in 2022, growing by 1,232% against the previous year. In general, consumption, however, showed a mild decrease. Heat exchange unit consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Heat Exchange Unit Production in Portugal

In value terms, heat exchange unit production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a deep slump. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Heat Exchange Unit Exports

Exports from Portugal

In 2022, shipments abroad of heat exchange units increased by 23% to X units, rising for the second consecutive year after two years of decline. Overall, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.2% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 50% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, heat exchange unit exports soared to $X in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 39% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X units), the Netherlands (X units) and Germany (X units) were the main destinations of heat exchange unit exports from Portugal, together comprising 62% of total exports. These countries were followed by Spain, Ireland, France, Belgium, Colombia, Italy and Argentina, which together accounted for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +60.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for heat exchange unit exported from Portugal were Germany ($X), the UK ($X) and the Netherlands ($X), with a combined 50% share of total exports. Spain, France, Ireland, Colombia, Belgium, Italy and Argentina lagged somewhat behind, together accounting for a further 43%.

Colombia, with a CAGR of +79.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average heat exchange unit export price amounted to $X per unit, picking up by 8.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 31% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to the UK ($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 Colombia (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports into Portugal

Heat exchange unit imports into Portugal declined slightly to X units in 2022, waning by -1.5% on 2021. Overall, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.8% 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 +21.3% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 54% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, heat exchange unit imports skyrocketed to $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +45.0% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 46%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), France (X units) and Spain (X units) were the main suppliers of heat exchange unit imports to Portugal, with a combined 47% share of total imports. Italy, Slovakia, Japan, Poland, the Netherlands, the Czech Republic and Sweden lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +105.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest heat exchange unit suppliers to Portugal were Germany ($X), Spain ($X) and France ($X), together accounting for 39% of total imports. Italy, Slovakia, Poland, Japan, the Netherlands, Sweden and the Czech Republic lagged somewhat behind, together comprising a further 44%.

In terms of the main suppliers, Poland, with a CAGR of +125.1%, saw 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, jumping by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2014 when the average import price increased by 23%. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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