U.S.: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in the U.S.

The U.S. heat exchange unit market reached $X in 2022, approximately mirroring the previous year. Overall, consumption, however, saw a mild decrease. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Heat Exchange Unit Production in the U.S.

In value terms, heat exchange unit production dropped markedly to $X in 2022. Over the period under review, production showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 49% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Heat Exchange Unit Exports

Exports from the U.S.

In 2022, exports of heat exchange units from the United States rose markedly to X units, picking up by 10% against 2021. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 19%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, heat exchange unit exports skyrocketed to $X in 2022. Overall, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X units), Canada (X units) and France (X units) were the main destinations of heat exchange unit exports from the United States, together accounting for 61% of total exports. Qatar, Malaysia, Japan, China, Sweden, Belgium, Brazil, South Africa, Italy and Algeria lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +37.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for heat exchange unit exported from the United States were Canada ($X), Mexico ($X) and Qatar ($X), with a combined 47% share of total exports. China, Malaysia, France, Japan, Brazil, Algeria, Belgium, Sweden, Italy and South Africa lagged somewhat behind, together comprising a further 20%.

Algeria, with a CAGR of +38.0%, recorded the highest rates of growth with regard to 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, increasing by 13% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per unit), while the average price for exports to Mexico ($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 (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports into the U.S.

In 2022, overseas purchases of heat exchange units increased by 39% to X units, rising for the third consecutive year after two years of decline. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, heat exchange unit imports surged to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +38.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 29% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Mexico (X units), China (X units) and Canada (X units) were the main suppliers of heat exchange unit imports to the United States, with a combined 51% share of total imports. Japan, South Korea, Poland, Germany, Italy, France, Sweden, the UK and Russia lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +43.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest heat exchange unit suppliers to the United States were Mexico ($X), China ($X) and Canada ($X), together accounting for 39% of total imports. These countries were followed by France, South Korea, Germany, Japan, the UK, Poland, Italy, Sweden and Russia, which together accounted for a further 45%.

Poland, with a CAGR of +26.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average heat exchange unit import price amounted to $X per unit, with a decrease of -8.1% against the previous year. In general, the import price showed a abrupt contraction. The pace of growth was the most pronounced in 2019 an increase of 10% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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