Report Update: May 1, 2024

Philippines - Non-Window or Wall Air Conditioning Machines - Market Analysis, Forecast, Size, Trends And Insights

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Air Conditioning Machine Price in the Philippines - 2023

Air Conditioning Machine Price in the Philippines (CIF) - 2022

The average air conditioning machine import price stood at $843 per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 44% against the previous year. Over the period under review, average import prices hit record highs at $887 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($968 per unit) and South Korea ($880 per unit), while the price for Thailand ($808 per unit) and Malaysia ($828 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Air Conditioning Machine Price in the Philippines (FOB) - 2022

The average air conditioning machine export price stood at $898 per unit in 2022, with a decrease of -20% against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of 78%. As a result, the export price reached the peak level of $2,413 per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($903 per unit) and Kuwait ($903 per unit), while the average price for exports to Libya ($901 per unit) and Oman ($901 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+19.4%), while the prices for the other major destinations experienced a decline.

Air Conditioning Machine Imports in the Philippines

Air conditioning machine imports into the Philippines dropped slightly to 177K units in 2022, reducing by -3.5% compared with 2021. Over the period under review, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 8.2% against the previous year. Imports peaked at 214K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, air conditioning machine imports declined modestly to $149M in 2022. Overall, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Over the period under review, imports attained the peak figure at $171M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Air Conditioning Machine in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	52.2	53.4	71.4	64.1	7.1%
Malaysia	39.8	25.3	25.3	36.9	-2.5%
China	38.3	32.1	38.0	30.7	-7.1%
Japan	5.9	6.0	4.0	5.4	-2.9%
South Korea	17.3	11.2	4.8	2.8	-45.5%
Germany	8.3	1.8	2.7	1.6	-42.2%
Others	9.5	8.0	8.8	7.8	-6.4%
Total	171	138	155	149	-4.5%

Top Suppliers of Air Conditioning Machine to the Philippines in 2022:

Thailand (79.3K units)
Malaysia (44.5K units)
China (35.6K units)
Japan (5.6K units)
South Korea (3.2K units)
Germany (1.6K units)

Air Conditioning Machine Exports in the Philippines

For the fourth year in a row, the Philippines recorded growth in overseas shipments of non-window or wall air conditioning machines, which increased by 24% to 6.4K units in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 94% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, air conditioning machine exports fell slightly to $5.8M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 0.2%. As a result, the exports reached the peak of $5.9M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Air Conditioning Machine in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	35.3	614	666	4,184	391.2%
Kuwait	1,257	199	141	885	-11.0%
Oman	8.2	21.4	N/A	188	184.1%
Vietnam	6.7	N/A	N/A	152	183.1%
Libya	N/A	N/A	N/A	109	0%
Singapore	149	51.0	97.9	43.3	-33.8%
United States	565	2,347	2,276	N/A	100.7%
France	1,892	711	679	N/A	-40.1%
Others	1,981	1,963	1,958	191	-54.1%
Total	5,895	5,905	5,819	5,753	-0.8%

Top Export Markets for Air Conditioning Machine from the Philippines in 2022:

Taiwan (Chinese) (4634.0 units)
Kuwait (981.0 units)
Oman (209.0 units)
Vietnam (168.0 units)
Libya (121.0 units)
Singapore (48.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the air conditioning machine market in the Philippines. 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 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:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
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