Scandinavia: 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 Scandinavia

For the seventh year in a row, the Scandinavia market for window or wall air conditioning systems, self-contained or split-systems recorded growth in sales value, which increased by 41% to $X in 2022. Overall, consumption recorded a remarkable increase. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Production of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Scandinavia

In value terms, production of window or wall air conditioning systems, self-contained or split-systems totaled $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 36% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in Scandinavia

In 2022, overseas shipments of window or wall air conditioning systems, self-contained or split-systems increased by 19% to X units, rising for the second consecutive year after seven years of decline. In general, exports, however, recorded a noticeable contraction. Over the period under review, the exports of attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems dropped to $X in 2022. Overall, exports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Sweden (X units) represented the main exporter of window or wall air conditioning systems, self-contained or split-systems, committing 65% of total exports. It was distantly followed by Finland (X units), comprising a 34% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Sweden (with a CAGR of -3.5%).

In value terms, Sweden ($X) and Finland ($X) constituted the countries with the highest levels of exports in 2022.

Finland, with a CAGR of -3.7%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, declining by -20.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the export price increased by 28%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+2.5%).

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

Imports in Scandinavia

In 2022, supplies from abroad of window or wall air conditioning systems, self-contained or split-systems increased by 55% to X units, rising for the sixth year in a row after four years of decline. Overall, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems skyrocketed to $X in 2022. In general, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X units) and Finland (X units) represented roughly 72% of total imports in 2022. It was distantly followed by Norway (X units), committing a 28% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +16.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest window, wall, or split air conditioning system importing markets in Scandinavia were Finland ($X), Sweden ($X) and Norway ($X).

Sweden, with a CAGR of +14.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, declining by -2% against the previous year. Overall, the import price recorded a mild curtailment. The growth pace was the most rapid in 2021 when the import price increased by 9.6%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform