Air conditioning Machins without Refrigeration Unit Market

The article discusses the projected growth of the global market for air conditioning machines without refrigeration unit from 2022 to 2030. It covers consumption trends, production statistics, key importing and exporting countries, as well as pricing trends. Consumption and production volumes are expected to increase slightly, with China being the largest consumer and producer. The United States, Germany, and the UK are highlighted as key importing countries, while China, Italy, and Mexico are noted as significant exporters. Pricing information indicates fluctuations in import and export prices over the years, with the United States having the highest export price and China having the lowest. Overall, the article provides a comprehensive analysis of the current state and future forecast of the global air conditioning market without refrigeration units.

Market Forecast

Driven by rising demand for air conditioning machins without refrigeration unit worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.6% for the period from 2022 to 2030, which is projected to bring the market volume to 17M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market value to $20.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Air conditioning Machines without Refrigeration Unit

In 2022, consumption of air conditioning machines without refrigeration unit was finally on the rise to reach 16M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2018 with an increase of 6.4% against the previous year. Over the period under review, global consumption of hit record highs at 19M units in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

The value of the market for air conditioning machines without refrigeration unit worldwide rose modestly to $16.7B in 2022, growing by 2.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a slight shrinkage. Global consumption peaked at $19.1B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Consumption By Country

China (4M units) remains the largest air conditioning machins without refrigeration unit consuming country worldwide, accounting for 25% of total volume. Moreover, consumption of air conditioning machines without refrigeration unit in China exceeded the figures recorded by the second-largest consumer, the United States (1.8M units), twofold. The third position in this ranking was taken by India (1.8M units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at -3.3%. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (-3.0% per year) and India (-2.8% per year).

In value terms, the largest air conditioning machins without refrigeration unit markets worldwide were the United States ($3.5B), Russia ($2.2B) and India ($1.4B), together accounting for 42% of the global market. Mexico, South Korea, Germany, Brazil, Pakistan, China, Italy, Ethiopia and Singapore lagged somewhat behind, together accounting for a further 30%.

Singapore, with a CAGR of +16.8%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while unit for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of per capita consumption of air conditioning machines without refrigeration unit was registered in Singapore (88 units per million persons), followed by Italy (9.3 units per million persons), Germany (5.9 units per million persons) and South Korea (5.9 units per million persons), while the world average per capita consumption of air conditioning machins without refrigeration unit was estimated at 2.1 units per million persons.

From 2012 to 2022, the average annual growth rate of the per capita consumption of air conditioning machines without refrigeration unit in Singapore stood at +26.4%. In the other countries, the average annual rates were as follows: Italy (-0.6% per year) and Germany (-0.8% per year).

Production

World Production of Air conditioning Machines without Refrigeration Unit

After three years of decline, production of air conditioning machines without refrigeration unit increased by 0.3% to 16M units in 2022. Over the period under review, production, however, saw a mild slump. The growth pace was the most rapid in 2018 with an increase of 21% against the previous year. Over the period under review, global production of reached the maximum volume at 18M units in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In value terms, production of air conditioning machines without refrigeration unit dropped to $29.4B in 2022 estimated in export price. In general, production, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2019 with an increase of 35%. Over the period under review, global production of reached the maximum level at $35.5B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

China (5.6M units) constituted the country with the largest volume of production of air conditioning machines without refrigeration unit, accounting for 36% of total volume. Moreover, production of air conditioning machines without refrigeration unit in China exceeded the figures recorded by the second-largest producer, India (1.6M units), fourfold. The third position in this ranking was taken by the United States (1.5M units), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at -1.2%. In the other countries, the average annual rates were as follows: India (-3.9% per year) and the United States (-2.9% per year).

Imports

World Imports of Air conditioning Machines without Refrigeration Unit

For the third consecutive year, the global market recorded growth in purchases abroad of air conditioning machines without refrigeration unit, which increased by 13% to 4.4M units in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.5% 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 +61.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of air conditioning machines without refrigeration unit stood at $3.1B in 2022. The total import value increased at an average annual rate of +3.2% 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 when imports increased by 18%. Over the period under review, global imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports By Country

Singapore (546K units) and the United States (446K units) represented roughly 23% of total imports in 2022. India (270K units) took a 6.2% share (based on physical terms) of total imports, which put it in second place, followed by the UK (4.8%). The following importers - Germany (193K units), Canada (182K units), Mexico (166K units), the United Arab Emirates (150K units), Malaysia (147K units), Hong Kong SAR (143K units), France (140K units), Oman (122K units) and Italy (117K units) - together made up 31% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Singapore (with a CAGR of +26.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($399M), Germany ($278M) and the UK ($195M) were the countries with the highest levels of imports in 2022, with a combined 28% share of global imports. France, Canada, Italy, the United Arab Emirates, Singapore, India, Hong Kong SAR, Mexico, Oman and Malaysia lagged somewhat behind, together comprising a further 24%.

Italy, with a CAGR of +9.3%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for air conditioning machines without refrigeration unit amounted to $714 per unit, remaining constant against the previous year. In general, the import price showed a noticeable reduction. The most prominent rate of growth was recorded in 2019 an increase of 13%. Global import price peaked at $1,131 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($1,437 per unit), while Malaysia ($65 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Air conditioning Machines without Refrigeration Unit

Global exports of air conditioning machines without refrigeration unit totaled 3.6M units in 2022, picking up by 9.4% against 2021. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 100% against the previous year. As a result, the exports attained the peak of 4.4M units. From 2019 to 2022, the growth of the global exports of remained at a somewhat lower figure.

In value terms, exports of air conditioning machines without refrigeration unit stood at $2.9B in 2022. In general, exports continue to indicate a slight increase. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. Over the period under review, the global exports of reached the peak figure at $3B in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports By Country

China represented the key exporting country with an export of around 1.6M units, which finished at 43% of total exports. Italy (338K units) held the second position in the ranking, followed by Germany (271K units). All these countries together took near 17% share of total exports. Mexico (154K units), the United States (132K units), Sweden (115K units), Lithuania (100K units), Poland (86K units), the Netherlands (82K units), Spain (68K units), the Czech Republic (63K units) and Turkey (56K units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to air conditioning machins without refrigeration unit exports from China stood at +9.6%. At the same time, Mexico (+35.1%), Spain (+17.1%), Turkey (+12.3%), Sweden (+6.4%), Lithuania (+6.4%), Italy (+4.6%), the Netherlands (+2.1%) and the United States (+1.4%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +35.1% from 2012-2022. By contrast, the Czech Republic (-2.5%), Poland (-5.5%) and Germany (-8.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy, Germany, Mexico, Sweden, Lithuania, Poland and the Czech Republic increased by +9.3, +7.5, +3.7, +3.2, +2.8, +2.4 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($412M), Germany ($331M) and the United States ($274M) appeared to be the countries with the highest levels of exports in 2022, with a combined 35% share of global exports. Sweden, China, Mexico, Lithuania, the Netherlands, Poland, the Czech Republic, Spain and Turkey lagged somewhat behind, together comprising a further 34%.

Mexico, with a CAGR of +18.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average export price for air conditioning machines without refrigeration unit amounted to $804 per unit, leveling off at the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2019 an increase of 98% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,349 per unit in 2013; however, from 2014 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 ($2,078 per unit), while China ($103 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+19.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform