Europe: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Europe

The Europe air conditioning machine market skyrocketed to $X in 2022, jumping by X% against the previous year. Overall, consumption continues to indicate significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Air Conditioning Machine Production in Europe

In value terms, air conditioning machine production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Air Conditioning Machine Exports

Exports in Europe

In 2022, approx. X units of non-window or wall air conditioning machines were exported in Europe; picking up by X% compared with 2021 figures. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, air conditioning machine exports declined to $X in 2022. Overall, exports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

The UK dominates exports structure, accounting for X units, which was near X% of total exports in 2022. Russia (X units) took the second position in the ranking, followed by Serbia (X units). All these countries together held near X% share of total exports. Italy (X units), Ukraine (X units) and Spain (X units) held a little share of total exports.

Exports from the UK increased at an average annual rate of X% from 2012 to 2022. At the same time, Serbia (X%), Russia (X%), Ukraine (X%), Italy (X%) and Spain (X%) displayed positive paces of growth. Moreover, Serbia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. The UK (X p.p.), Russia (X p.p.), Serbia (X p.p.) and Ukraine (X p.p.) significantly strengthened its position in terms of the total exports, while Spain and Italy saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Italy ($X) remains the largest air conditioning machine supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

In Italy, air conditioning machine exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (X% per year) and the UK (X% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price faced a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while Serbia ($X per unit) was amongst the lowest.

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

Air Conditioning Machine Imports

Imports in Europe

In 2022, imports of non-window or wall air conditioning machines in Europe soared to X units, rising by X% compared with 2021 figures. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, air conditioning machine imports declined modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

The UK was the largest importer of non-window or wall air conditioning machines in Europe, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. It was distantly followed by Russia (X units), committing a X% share of total imports. The following importers - Ukraine (X units), Serbia (X units), North Macedonia (X units) and Bosnia and Herzegovina (X units) - together made up X% of total imports.

Imports into the UK increased at an average annual rate of X% from 2012 to 2022. At the same time, Serbia (X%), North Macedonia (X%), Bosnia and Herzegovina (X%), Russia (X%) and Ukraine (X%) displayed positive paces of growth. Moreover, Serbia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. While the share of the UK (X p.p.), Russia (X p.p.), Serbia (X p.p.), North Macedonia (X p.p.) and Bosnia and Herzegovina (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X) constitutes the largest market for imported non-window or wall air conditioning machines in Europe, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

In the UK, air conditioning machine imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Russia (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price recorded a sharp contraction. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Bosnia and Herzegovina ($X per unit) and the UK ($X per unit), while Serbia ($X per unit) and Russia ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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