Switzerland: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in Switzerland

In 2022, the Swiss heat exchange unit market decreased by -0.7% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +9.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +31.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2021, and then declined modestly in the following year.

Heat Exchange Unit Production in Switzerland

In value terms, heat exchange unit production soared to $X in 2022 estimated in export price. Overall, production, however, faced a deep setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 114%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Heat Exchange Unit Exports

Exports from Switzerland

In 2022, the amount of heat exchange units exported from Switzerland reached X units, surging by 12% on 2021. Over the period under review, exports, however, saw a abrupt setback. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, heat exchange unit exports skyrocketed to $X in 2022. In general, exports, however, recorded a mild reduction. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Italy (X units) and the United States (X units) were the main destinations of heat exchange unit exports from Switzerland, with a combined 43% share of total exports. Poland, France, Austria, the Netherlands, the UK, Spain, Mexico, South Korea, China and Finland lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +49.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and South Korea ($X) appeared to be the largest markets for heat exchange unit exported from Switzerland worldwide, with a combined 41% share of total exports. These countries were followed by Poland, the United States, Austria, the Netherlands, France, China, the UK, Finland, Mexico and Spain, which together accounted for a further 36%.

Mexico, with a CAGR of +35.5%, 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 heat exchange unit export price amounted to $X per unit, growing by 11% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, heat exchange unit export price increased by +88.6% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Spain ($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 China (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports into Switzerland

In 2022, approx. X units of heat exchange units were imported into Switzerland; picking up by 8.6% against the previous year's figure. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, heat exchange unit imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of heat exchange unit imports to Switzerland, with a combined 61% share of total imports. These countries were followed by Sweden, Hungary, the Netherlands, Slovakia, Denmark, Austria, the Czech Republic, Turkey, Finland and Romania, which together accounted for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +47.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of heat exchange units to Switzerland, comprising 33% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by Sweden, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.6% per year) and Sweden (+0.7% per year).

Import Prices by Country

In 2022, the average heat exchange unit import price amounted to $X per unit, falling by -8.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 10% against the previous year. The import price peaked at $X per unit in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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