Portugal: Hvac Equipment Market 2024

Hvac Equipment Market Size in Portugal

The Portuguese HVAC equipment market rose markedly to $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Hvac Equipment Production in Portugal

In value terms, HVAC equipment production shrank notably to $X in 2022 estimated in export price. Overall, production, however, showed a mild downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Hvac Equipment Exports

Exports from Portugal

In 2022, shipments abroad of HVAC equipment increased by X% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, HVAC equipment exports surged to $X in 2022. In general, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X units), France (X units) and Germany (X units) were the main destinations of HVAC equipment exports from Portugal, together comprising X% of total exports. Angola, the UK, the Netherlands, Chile, Slovakia, Italy, Belgium, Ireland, Cabo Verde and Mozambique lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X), Spain ($X) and Germany ($X) appeared to be the largest markets for HVAC equipment exported from Portugal worldwide, with a combined X% share of total exports. The Netherlands, Angola, Italy, the UK, Belgium, Slovakia, Ireland, Cabo Verde, Chile and Mozambique lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 HVAC equipment export price amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Belgium ($X per unit), while the average price for exports to Chile ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hvac Equipment Imports

Imports into Portugal

HVAC equipment imports into Portugal declined remarkably to X units in 2022, which is down by X% compared with the previous year's figure. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then plummeted in the following year.

In value terms, HVAC equipment imports expanded notably to $X in 2022. Overall, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X units), Spain (X units) and China (X units) were the main suppliers of HVAC equipment imports to Portugal, with a combined X% share of total imports. Italy, France, Thailand, Turkey, the Netherlands and Poland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest HVAC equipment suppliers to Portugal were Spain ($X), China ($X) and Italy ($X), with a combined X% share of total imports. Thailand, Germany, the Netherlands, Turkey, France and Poland lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, HVAC equipment import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue 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 Thailand ($X per unit), while the price for Germany ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform