Turkish HVAC&R Sector Reached All-Time High Export Volume in March
As of March 2023, the Turkish HVAC&R sector reached the highest figure of all time in its sector with an export volume of 671 million dollars. However, the sector closed the first quarter of 2023 with an export volume of 1 billion 757 million dollars with an increase of 9.1 percent compared to the same period of the previous year. While the sector's exports were realized above Turkey's export average, the ratio of exports to imports was realized as 92.8%.
The Turkish Air Conditioning Sector, which increased its exports in all sub-product groups except for the Insulation Materials sub-sector, achieved an export increase of 7.9 percent in the Heating Systems and Components sub-sector, 3.9 percent in the Cooling Systems and Components sub-sector, 11.3 percent in Air Conditioning Systems and Components, 11 percent in Installation Systems and Components, and 16.6 percent in Ventilation Systems and Components in the first quarter of 2023 compared to the same period of 2022. 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 sector was 5.2 dollars in the first quarter of 2022, it increased to 6.3 dollars in the first quarter of 2023.
Mehmet Şanal, Chairman of the Board of Directors of the Turkish HVAC&R Exporters Association (İSİB), stated that as the sector, they reached the highest size of all time in March 2023 and again in the first quarter of this year, the sector's exports grew above exports of Türkiye and said the following: "As the Turkish HVAC&R sector, we are taking firm steps towards our main target of 1.5 percent share of the world market. 2023 first quarter figures also support this. We are doing serious work for our exporters in terms of marketing and communication together with all sector stakeholders. So far this year, we have organized 13 fairs, national participation and trade delegation organizations in a wide perspective from Russia to Slovakia, Senegal to Indonesia. Until the end of the year, we will organize 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 fairs of our sector, with 128 companies last month. We will also organize a large buyer delegation organization for the ISK Sodex Fair to be held this year. Our biggest goal in this event is to bring our exporters together with the right buyers.
According to TIM data, the Turkish HVAC&R sector is the 11th largest sector in Türkiye in terms of exports. We are working with all our strength to be effective in our country's exports and international markets. From marketing to sales, from communication to implementation, the Turkish HVAC&R sector is progressing in a coordinated, efficient and appetizing manner with all its stakeholders. We continue our production activities rapidly in order to provide the right devices and equipment for the changing types of energy use in Europe. In this sense, we see an increase in investments from abroad to Türkiye. We believe that the new period will be very active and productive for Turkish companies."