Germany - Heat Pumps other than Air Conditioning Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHeat Pump Price in Germany - 2023
Contents:
- Heat Pump Price in Germany (CIF) - 2023
- Heat Pump Price in Germany (FOB) - 2023
- Heat Pump Imports in Germany
- Heat Pump Exports in Germany
Heat Pump Price in Germany (CIF) - 2023
In August 2023, the average heat pump import price amounted to $1,530 per unit, with a decrease of -7.7% against the previous month. Over the period under review, the import price, however, continues to indicate a modest increase. The growth pace was the most rapid in December 2022 when the average import price increased by 11% m-o-m. Over the period under review, average import prices attained the maximum at $1,724 per unit in May 2023; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($2,796 per unit), while the price for China ($917 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Heat Pump Price in Germany (FOB) - 2023
The average heat pump export price stood at $2,096 per unit in August 2023, dropping by -3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in December 2022 when the average export price increased by 8.4% month-to-month. Over the period under review, the average export prices hit record highs at $2,160 per unit in July 2023, and then shrank slightly in the following month.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Switzerland ($2,811 per unit), while the average price for exports to Luxembourg ($1,146 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Heat Pump Imports in Germany
Heat pump imports into Germany surged to 572K units in 2022, growing by 26% compared with 2021. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 96%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, heat pump imports skyrocketed to $806M in 2022. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 96% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Heat Pump in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 21.7 | 53.9 | 82.5 | 102 | 67.5% |
| Poland | 0.8 | 12.4 | 62.5 | 100 | 400.0% |
| France | 49.0 | 64.9 | 68.6 | 98.8 | 26.3% |
| China | 19.0 | 20.6 | 70.3 | 73.7 | 57.1% |
| Switzerland | 7.9 | 28.8 | 56.3 | 57.7 | 94.0% |
| Italy | 21.5 | 23.7 | 28.2 | 50.8 | 33.2% |
| Ireland | 36.1 | 38.3 | 60.7 | 49.6 | 11.2% |
| Czech Republic | 6.1 | 8.9 | 52.7 | 47.3 | 97.9% |
| Malaysia | 5.7 | 13.3 | 42.4 | 47.1 | 102.2% |
| Austria | 23.0 | 27.9 | 40.7 | 46.5 | 26.4% |
| Israel | 1.6 | 3.0 | 4.4 | 31.2 | 169.2% |
| Slovakia | 19.3 | 18.6 | 23.4 | 26.9 | 11.7% |
| South Korea | 1.1 | 1.0 | 16.2 | 21.9 | 171.0% |
| Others | 41.8 | 36.3 | 80.5 | 52.4 | 7.8% |
| Total | 255 | 352 | 689 | 806 | 46.8% |
Top Suppliers of Heat Pump to Germany in 2022:
- France (78.7K units)
- Poland (77.5K units)
- Sweden (72.3K units)
- China (65.9K units)
- Malaysia (41.0K units)
- Italy (38.4K units)
- Switzerland (28.8K units)
- Czech Republic (26.8K units)
- Israel (26.5K units)
- Slovakia (23.4K units)
- Austria (22.9K units)
- Ireland (20.5K units)
- South Korea (14.4K units)
Heat Pump Exports in Germany
For the fourth consecutive year, Germany recorded growth in shipments abroad of heat pumps other than air conditioning machines, which increased by 28% to 466K units in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, heat pump exports soared to $818M in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Heat Pump in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 82.1 | 92.6 | 128 | 136 | 18.3% |
| Austria | 55.2 | 66.5 | 82.3 | 97.6 | 20.9% |
| Poland | 19.2 | 25.0 | 85.0 | 94.3 | 70.0% |
| France | 37.0 | 43.3 | 77.4 | 82.4 | 30.6% |
| Netherlands | 31.1 | 40.3 | 44.7 | 71.1 | 31.7% |
| Italy | 10.5 | 15.6 | 33.8 | 48.6 | 66.7% |
| Belgium | 16.1 | 19.3 | 29.0 | 45.3 | 41.2% |
| Slovakia | 8.9 | 12.2 | 22.8 | 30.7 | 51.1% |
| Sweden | 1.5 | 1.9 | 6.7 | 25.9 | 158.5% |
| Czech Republic | 8.1 | 9.6 | 21.5 | 22.0 | 39.5% |
| Denmark | 10.2 | 16.1 | 25.0 | 21.4 | 28.0% |
| Spain | 4.6 | 6.3 | 13.9 | 19.4 | 61.6% |
| United Kingdom | 11.9 | 8.9 | 12.8 | 15.6 | 9.4% |
| Others | 52.3 | 48.6 | 88.6 | 108 | 27.3% |
| Total | 349 | 406 | 671 | 818 | 32.8% |
Top Export Markets for Heat Pump from Germany in 2022:
- Switzerland (64.2K units)
- Poland (58.3K units)
- Austria (51.1K units)
- France (50.6K units)
- Netherlands (41.5K units)
- Italy (30.5K units)
- Belgium (28.3K units)
- Slovakia (22.2K units)
- Sweden (17.7K units)
- Spain (13.9K units)
- Czech Republic (12.6K units)
- Denmark (10.8K units)
- United Kingdom (8.4K units)
This report provides an in-depth analysis of the heat pump market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
Country coverage:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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