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Turkish HVAC-R Industry Reached All-Time Highest Export Size in March - 1

Turkish HVAC-R Industry Reached All-Time Highest Export Size in March

As of March 2023, the Turkish HVAC-R reached an all-time high in its industry with an export volume of 671 million dollars. However, the industry closed the first quarter of 2023 with an export volume of $1 billion 757 million, an increase of 9.1 percent compared to the same period of the previous year. While the exports of the industry were above the export average of Turkey, the ratio of exports to imports was 92.8%.

Turkish HVEC-R Sector, which increased its exports in all sub-product groups except for the Insulation Materials sub-industry, achieved an export increase of 7.9 percent in the Heating Systems and Elements sub-industry, 3.9 percent in the Cooling Systems and Elements sub-industry, 11.3 percent in the Air Conditioning Systems and Elements, 11 percent in the Installation Systems and Elements, and 16.6 percent in the Ventilation Systems and Elements compared to the same period of 2022 in the first quarter of 2023. In the first quarter of 2023, the countries with the highest exports were Germany, Italy, Russia, the United Kingdom, and France, respectively. While the kilogram unit price of the industry was $5.2 in the first quarter of 2022, it increased to $6.3 in the first quarter of 2023.

Stating that they reached the highest size of all time in March 2023 as an industry and that industry exports grew above Turkey’s exports in the first quarter of this year, Mehmet Şanal, Chairman of the Board of Directors of the HVAC-R Exporters Association (ISIB) added: “As Turkish HVAC-R Sector, we are taking firm steps to get 1.5 percent share from the world market, which is our main target. The first quarter of 2023 also supports this. We are carrying out significant marketing and communication activities for our exporters together with all sector stakeholders. So far this year, we have organized 13 exhibitions, national participation, and trade delegation organizations from a wide perspective from Russia to Slovakia, and from Senegal to Indonesia. By the end of the year, we will conduct more than 40 events in line with the goals of our exporters. We increased our effectiveness in the European market by participating in ISH Frankfurt 2023, one of the biggest exhibitions in our industry, with 128 companies last month. We will also organize a large procurement delegation for the ISK Sodex Exhibition, which will be held this year. In this event, our biggest goal is to bring our exporters together with the right buyers.

Turkish HVAC-R Sector is the 11th largest industry in exports in Turkey according to TIM data. We are working with all our strengths for Turkey’s export and for being active in international markets. From marketing to sales, from communication to implementation, the Turkish HVAC-R Sector is moving forward in a coordinated, efficient, and appetizing manner with all its stakeholders. In order to provide the right devices and equipment for the changing types of energy use in Europe, we are continuing our production works quickly. In this sense, we see an increase in investments in Turkey from abroad. We believe that the new era for our Turkish companies will be very active and productive.”