Belgium: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Belgium

After ten years of growth, the Belgian market for air conditioning machines for motor vehicles decreased by X% to $X in 2022. Over the period under review, consumption, however, recorded a remarkable increase. As a result, consumption attained the peak level of $X, and then contracted modestly in the following year.

Production of Air Conditioning Machines For Motor Vehicles in Belgium

In value terms, motor vehicle air conditioning machine production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Belgium

In 2022, motor vehicle air conditioning machine exports from Belgium dropped to X units, which is down by X% on the previous year. In general, exports recorded a noticeable decrease. The smallest decline of X% was in 2021. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, motor vehicle air conditioning machine exports contracted to $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

China (X units) was the main destination for motor vehicle air conditioning machine exports from Belgium, with a X% share of total exports. Moreover, motor vehicle air conditioning machine exports to China exceeded the volume sent to the second major destination, Malaysia (X units), threefold. Brazil (X units) ranked third in terms of total exports with a X% share.

From 2020 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Brazil (X% per year).

In value terms, the largest markets for motor vehicle air conditioning machine exported from Belgium were China ($X), North Macedonia ($X) and Malaysia ($X), together accounting for X% of total exports.

In terms of the main countries of destination, North Macedonia, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 export price for air conditioning machines for motor vehicles amounted to $X per unit, rising by X% against the previous year. Over the last two years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Belgium

In 2022, overseas purchases of air conditioning machines for motor vehicles increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, motor vehicle air conditioning machine imports declined to $X in 2022. In general, imports, however, showed a perceptible decline. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sweden (X units), Slovakia (X units) and the Czech Republic (X units) were the main suppliers of motor vehicle air conditioning machine imports to Belgium, with a combined X% share of total imports.

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

In value terms, the largest motor vehicle air conditioning machine suppliers to Belgium were Slovakia ($X), Germany ($X) and Sweden ($X), with a combined X% share of total imports.

Slovakia, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average import price for air conditioning machines for motor vehicles amounted to $X per unit, waning by X% against the previous year. In general, the import price saw a pronounced reduction. The pace of growth appeared the most rapid in 2016 a decrease of X% against the previous year. Over the period under review, average import prices attained the maximum 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 origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform