France: Heat Exchange Unit Market 2023

Heat Exchange Unit Market Size in France

In 2022, the French heat exchange unit market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Heat exchange unit consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Heat Exchange Unit Production in France

In value terms, heat exchange unit production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of 9.4%. Heat exchange unit production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Heat Exchange Unit Exports

Exports from France

In 2022, the amount of heat exchange units exported from France stood at X units, increasing by 5.6% on the previous year. Over the period under review, exports, however, showed a noticeable curtailment. The growth pace was the most rapid in 2018 with an increase of 37% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, heat exchange unit exports expanded to $X in 2022. In general, exports, however, continue to indicate a mild descent. The pace of growth was the most pronounced in 2018 when exports increased by 20%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Germany (X units) and China (X units) were the main destinations of heat exchange unit exports from France, with a combined 30% share of total exports. These countries were followed by Saudi Arabia, Belgium, Italy, the Netherlands, the UK, Turkey, Spain, South Korea, India and Sweden, which together accounted for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +18.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for heat exchange units exports from France, comprising 19% of total exports. The second position in the ranking was taken by South Korea ($X), with an 8.9% share of total exports. It was followed by Germany, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+13.1% per year) and Germany (-5.6% per year).

Export Prices by Country

The average heat exchange unit export price stood at $X per unit in 2022, shrinking by -3.6% against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +46.5% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 40%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Saudi Arabia ($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 the United States (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports into France

In 2022, approx. X units of heat exchange units were imported into France; approximately mirroring the previous year's figure. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of X units, and then dropped modestly in the following year.

In value terms, heat exchange unit imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +4.1% 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 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Italy (X units), Germany (X units) and Sweden (X units) were the main suppliers of heat exchange unit imports to France, with a combined 43% share of total imports. China, Turkey, the UK, Slovakia, Spain, the Netherlands, the United States, Belgium, the Czech Republic and India lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +36.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the United States ($X) were the largest heat exchange unit suppliers to France, with a combined 42% share of total imports. These countries were followed by the UK, Sweden, Spain, China, Slovakia, Belgium, Turkey, the Netherlands, the Czech Republic and India, which together accounted for a further 41%.

India, with a CAGR of +29.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average heat exchange unit import price stood at $X per unit in 2022, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Turkey ($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 (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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