Overview of the Global Market for Non-Domestic Heat Exchange Units

Market Size for Non-Domestic Heat Exchange Units

In 2022, the global non-domestic heat exchange unit market increased by X% to $X, rising for the second consecutive year after two years of decline. The market 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. Over the period under review, the global market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Domestic Heat Exchange Units

In value terms, non-domestic heat exchange unit production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% 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 2015 with an increase of X% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Non-Domestic Heat Exchange Units

Exports

For the seventh consecutive year, the global market recorded growth in overseas shipments of non-domestic heat exchange units, which increased by X% to X units in 2022. In general, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, non-domestic heat exchange unit exports rose notably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporting country with an export of about X units, which amounted to X% of total exports. India (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the United States (X%). Italy (X units), Germany (X units), South Korea (X units), Taiwan (Chinese) (X units), Japan (X units) and Mexico (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by India (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of global exports. Italy, Japan, South Korea, Mexico, India and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-domestic heat exchange unit export price amounted to $X per unit, approximately reflecting the previous year. In general, the export price recorded a deep setback. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced more modest paces of growth.

Imports of Non-Domestic Heat Exchange Units

Imports

In 2022, the amount of non-domestic heat exchange units imported worldwide stood at X units, surging by X% on the year before. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, non-domestic heat exchange unit imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The United States represented the major importer of non-domestic heat exchange units in the world, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Brazil (X units) ranks second in terms of the total imports with a X% share, followed by India (X%) and Mexico (X%). The following importers - Canada (X units), China (X units), Thailand (X units), Germany (X units) and Switzerland (X units) - together made up X% of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Germany (X%), Canada (X%), Thailand (X%), Switzerland (X%), Brazil (X%) and China (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Mexico experienced a relatively flat trend pattern. While the share of the United States (X p.p.) and India (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of China (X p.p.), Mexico (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-domestic heat exchange unit importing markets worldwide were the United States ($X), Germany ($X) and China ($X), together accounting for X% of global imports. Canada, Mexico, India, Thailand, Brazil and Switzerland lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Mexico, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-domestic heat exchange unit import price amounted to $X per unit, reducing by X% against the previous year. Overall, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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