Romania: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Romania

The Romanian market for window or wall air conditioning systems, self-contained or split-systems expanded notably to $X in 2022, picking up by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a resilient increase. Consumption of peaked in 2022 and is likely to continue growth in years to come.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from Romania

For the fifth year in a row, Romania recorded growth in shipments abroad of window or wall air conditioning systems, self-contained or split-systems, which increased by 48% to X units in 2022. Overall, exports saw a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 73%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems skyrocketed to $X in 2022. Over the period under review, exports recorded prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 70% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Norway (X units), Hungary (X units) and Italy (X units) were the main destinations of exports of window or wall air conditioning systems, self-contained or split-systems from Romania, with a combined 43% share of total exports. Bulgaria, Moldova, Slovakia, Slovenia, Germany, Poland, the Netherlands, Serbia and Greece lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +110.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for window, wall, or split air conditioning system exported from Romania were Norway ($X), Hungary ($X) and Italy ($X), together accounting for 43% of total exports. Bulgaria, Moldova, Slovakia, Slovenia, Germany, Poland, the Netherlands, Serbia and Greece lagged somewhat behind, together accounting for a further 48%.

Slovakia, with a CAGR of +109.1%, saw the highest growth rate of the value of exports, in terms of 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 export price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, reducing by -5.5% 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 22%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Greece ($X per unit) and Germany ($X per unit), while the average price for exports to Slovenia ($X per unit) and Serbia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into Romania

For the seventh consecutive year, Romania recorded growth in overseas purchases of window or wall air conditioning systems, self-contained or split-systems, which increased by 5.9% to X units in 2022. Over the period under review, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 75%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems soared to $X in 2022. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 71%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest window, wall, or split air conditioning system supplier to Romania, with a 67% share of total imports. Moreover, imports of window or wall air conditioning systems, self-contained or split-systems from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. The third position in this ranking was held by Turkey (X units), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.5% per year) and Turkey (+56.4% per year).

In value terms, China ($X) constituted the largest supplier of window or wall air conditioning systems, self-contained or split-systems to Romania, comprising 67% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Turkey, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.2% per year) and Turkey (+54.7% per year).

Import Prices by Country

In 2022, the average import price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, increasing by 14% against the previous year. Overall, the import price, however, showed a slight curtailment. The growth pace was the most rapid in 2018 an increase of 22%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($X per unit) and Croatia ($X per unit), while the price for Greece ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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