Global Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size

The global air conditioning machine market shrank slightly to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the global market remained at a lower figure.

Air Conditioning Machine Production

In value terms, air conditioning machine production contracted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, global production growth remained at a lower figure.

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Air Conditioning Machine Exports

Exports

In 2022, after two years of growth, there was decline in shipments abroad of air conditioning machines, when their volume decreased by X% to X units. Overall, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the global exports reached the peak figure at X units in 2021, and then fell slightly in the following year.

In value terms, air conditioning machine 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 indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China represented the largest exporter of air conditioning machines in the world, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Thailand (X units) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%). The following exporters - Mexico (X units), Spain (X units), the United States (X units) and South Korea (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to air conditioning machine exports from China stood at X%. At the same time, Spain (X%), Mexico (X%), Thailand (X%), South Korea (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The United States experienced a relatively flat trend pattern. Thailand (X p.p.), Spain (X p.p.) and Mexico (X p.p.) significantly strengthened its position in terms of the global exports, while Malaysia and China saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest air conditioning machine supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Thailand ($X), with an X% share of global exports. It was followed by Mexico, with a X% share.

In China, air conditioning machine exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the average air conditioning machine export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

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

Air Conditioning Machine Imports

Imports

In 2022, purchases abroad of air conditioning machines decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, global imports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, air conditioning machine imports totaled $X in 2022. The total import 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. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the United States (X units), distantly followed by Japan (X units), Saudi Arabia (X units) and Mexico (X units) represented the key importers of air conditioning machines, together creating X% of total imports. The following importers - Russia (X units), the United Arab Emirates (X units), Malaysia (X units), Canada (X units), Italy (X units), the Philippines (X units), Iraq (X units), Singapore (X units) and Vietnam (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, the Philippines (X%), Vietnam (X%), Malaysia (X%), Italy (X%), Iraq (X%), Mexico (X%), the United Arab Emirates (X%), Russia (X%), Saudi Arabia (X%), Canada (X%) and Singapore (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. The Philippines (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the global imports, while the United States and Japan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported air conditioning machines worldwide, comprising X% of global imports. The second position in the ranking was taken by Japan ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and Canada (X% per year).

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Global import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform