Global Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size

The global air conditioning machine market contracted modestly to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the global market hit record highs at $X in 2021, and then reduced in the following year.

Air Conditioning Machine Production

In value terms, air conditioning machine production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, global production growth remained at a somewhat lower figure.

Air Conditioning Machine Exports

Exports

In 2022, overseas shipments of non-window or wall 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 exports indicated moderate growth 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 2017 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then declined slightly in the following year.

In value terms, air conditioning machine exports rose to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X%. The global exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

China represented the major exporter of non-window or wall air conditioning machines in the world, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. Mexico (X units) took the second position in the ranking, followed by Thailand (X units). All these countries together took near X% share of total exports. Italy (X units), the United States (X units) and Germany (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Mexico (X%), Italy (X%) and Germany (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, the United States (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico and China increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest air conditioning machine supplying countries worldwide were Mexico ($X), China ($X) and the United States ($X), together accounting for X% of global exports.

In terms of the main exporting countries, Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 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, showed a slight reduction. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while China ($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 export price figures.

Air Conditioning Machine Imports

Imports

In 2022, supplies from abroad of non-window or wall air conditioning machines increased by X% to X units, rising for the second consecutive year after two years of decline. In general, total imports indicated temperate growth 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 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, air conditioning machine imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units), distantly followed by Canada (X units), Oman (X units) and Singapore (X units) represented the main importers of non-window or wall air conditioning machines, together mixing up X% of total imports. The following importers - France (X units), Hong Kong SAR (X units), India (X units), Italy (X units), Germany (X units), the UK (X units), Mexico (X units), the Netherlands (X units) and the United Arab Emirates (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to air conditioning machine imports into the United States stood at X%. At the same time, the Netherlands (X%), India (X%), Italy (X%), France (X%), the United Arab Emirates (X%), Mexico (X%), Germany (X%), Canada (X%), Singapore (X%) and the UK (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Oman and Hong Kong SAR experienced a relatively flat trend pattern. India (X p.p.), Italy (X p.p.), the Netherlands (X p.p.), Canada (X p.p.) and France (X p.p.) significantly strengthened its position in terms of the global imports, while Hong Kong SAR, the United States and Oman saw its share reduced by X%, 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 ($X) constitutes the largest market for imported non-window or wall air conditioning machines worldwide, comprising X% of global imports. The second position in the ranking was held by Canada ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the United States, air conditioning machine imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Canada (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average air conditioning machine import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2019 when the average import price increased by X%. Global import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Oman ($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

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