Report Update: May 1, 2024

China - Air Conditioning Machines - Market Analysis, Forecast, Size, Trends and Insights

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Air Conditioning Machine Price in China - 2023

Air Conditioning Machine Price in China (FOB) - 2023

In June 2023, the average air conditioning machine export price amounted to $214 per unit, approximately mirroring the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 7.7% against the previous month. Over the period under review, the average export prices attained the maximum at $242 per unit in August 2022; however, from September 2022 to June 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the United Arab Emirates ($315 per unit), while the average price for exports to Indonesia ($130 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Price in China (CIF) - 2022

In 2022, the average air conditioning machine import price amounted to $302 per unit, which is down by -34.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2015 an increase of 21%. The import price peaked at $525 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($1,719 per unit), while the price for the UK ($153 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Air Conditioning Machine Exports in China

After three years of growth, shipments abroad of air conditioning machines decreased by -4.7% to 61M units in 2022. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 11%. Over the period under review, the exports reached the peak figure at 64M units in 2021, and then reduced modestly in the following year.

In value terms, air conditioning machine exports rose to $13.3B in 2022. The total export value increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 13%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Export of Air Conditioning Machine in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1,273	1,204	1,503	1,417	3.6%
Japan	1,173	1,233	1,543	1,294	3.3%
Saudi Arabia	708	901	688	869	7.1%
Iraq	473	481	441	655	11.5%
United Arab Emirates	299	448	485	610	26.8%
Mexico	433	363	515	603	11.7%
Russia	313	262	445	591	23.6%
Italy	235	263	320	379	17.3%
Thailand	198	309	412	364	22.5%
Brazil	310	316	373	305	-0.5%
Indonesia	212	233	301	278	9.5%
Argentina	124	170	195	201	17.5%
Canada	135	125	145	194	12.8%
Others	4,873	4,976	5,384	5,536	4.3%
Total	10,757	11,285	12,750	13,296	7.3%

Top Export Markets for Air Conditioning Machine from China in 2022:

United States (9.8M units)
Japan (4.9M units)
Russia (3.6M units)
Saudi Arabia (3.0M units)
Mexico (2.9M units)
Thailand (2.4M units)
United Arab Emirates (2.0M units)
Indonesia (1.9M units)
Iraq (1.9M units)
Italy (1.7M units)
Brazil (1.6M units)
Canada (1.2M units)
Argentina (1.1M units)

Air Conditioning Machine Imports in China

In 2022, approx. 735K units of air conditioning machines were imported into China; surging by 9.4% on the previous year. The total import volume increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, air conditioning machine imports declined rapidly to $222M in 2022. Over the period under review, imports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports attained the peak of $310M, and then contracted notably in the following year.

Import of Air Conditioning Machine in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	111	119	164	116	1.5%
United Kingdom	27.3	22.6	26.4	16.2	-16.0%
Spain	10.3	11.1	16.2	15.1	13.6%
Mexico	14.1	1.2	0.3	1.2	-56.0%
Others	74.3	102	103	73.6	-0.3%
Total	237	256	310	222	-2.2%

Top Suppliers of Air Conditioning Machine to China in 2022:

Germany (452.8K units)
United Kingdom (105.8K units)
Spain (81.7K units)
Mexico (1.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the air conditioning machine market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28251220 - Window or wall air conditioning systems, self-contained or split-systems
Prodcom 28251240 - Air conditioning machines of a kind used in motor vehicles
Prodcom 28251250 - Air conditioning machines with refrigeration unit (excluding those used in motor vehicles, self-contained or split-systems machines)
Prodcom 28251270 - Air conditioning machines not containing a refrigeration unit, c entral station air handling units, vav boxes and terminals, c onstant volume units and fan coil units

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023