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China - Air Conditioning Machines - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

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

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May 31, 2023

Air Conditioning Machine Export in China Declines to $1.7B in April 2023

China Air Conditioning Machine Exports

In April 2023, exports of air conditioning machines from China reduced to 8.2M units, shrinking by -7.4% on the previous month's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 with an increase of 66% against the previous month. Over the period under review, the exports reached the peak figure at 8.9M units in March 2023, and then dropped in the following month.

In value terms, air conditioning machine exports dropped slightly to $1.7B (IndexBox estimates) in April 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when exports increased by 54% against the previous month. Over the period under review, the exports attained the peak figure at 1.7B units in March 2023, and then contracted slightly in the following month.

COUNTRYExport Value of Air Conditioning Machine in China (million USD)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Japan13717017915710358.545.592.470.860.8108121177
United States18812870.259.332.732.429.734.4105194146223160
Iraq80.597.349.452.36.27.718.345.449.985.7117125157
Saudi Arabia10312478.110850.664.425.675.345.754.859.260.3135
United Arab Emirates78.899.163.554.729.420.510.827.634.656.979.678.686.9
Mexico66.163.689.967.134.015.118.922.530.761.346.679.785.1
Italy64.946.722.015.711.415.06.413.924.641.545.175.359.6
Russia48.061.544.538.529.439.513.822.550.873.685.284.151.9
Spain33.932.316.99.16.23.03.55.58.319.024.851.741.4
Thailand50.129.411.37.88.020.920.225.828.341.435.632.337.5
Brazil17.624.429.930.840.936.326.924.318.924.814.519.536.2
Argentina23.428.723.119.514.510.23.822.36.713.617.929.336.2
Libya8.313.55.06.47.03.61.23.45.66.615.729.927.9
Others711666552512330334259328332485440691595
Total1,6101,5841,2341,1397036614837438121,2191,2351,7011,687

Exports by Country

The United States (1.3M units), Japan (700K units) and Iraq (525K units) were the main destinations of air conditioning machine exports from China, with a combined 30% share of total exports. Mexico, Saudi Arabia, the United Arab Emirates, Italy, Russia, Thailand, Argentina, Spain, Brazil and Libya lagged somewhat behind, together accounting for a further 35%.

From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Libya (with a CAGR of +12.4%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($177M), the United States ($160M) and Iraq ($157M) were the largest markets for air conditioning machine exported from China worldwide, together comprising 29% of total exports. These countries were followed by Saudi Arabia, the United Arab Emirates, Mexico, Italy, Russia, Spain, Thailand, Argentina, Brazil and Libya, which together accounted for a further 35%.

Libya, with a CAGR of +10.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Exports by Type

Window or wall air conditioning systems, self-contained or split-systems (6.9M units) was the largest type of air conditioning machine exported from China, with a 84% share of total exports. Moreover, window or wall air conditioning systems, self-contained or split-systems exceeded the volume of the second product type, air conditioning machines with refrigeration unit (990K units), sevenfold. The third position in this ranking was taken by air conditioning machines without refrigeration unit (201K units), with a 2.4% share.

From April 2022 to April 2023, the average monthly growth rate of the volume of export of window or wall air conditioning systems, self-contained or split-systems was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: air conditioning machines with refrigeration unit (-0.0% per month) and air conditioning machines without refrigeration unit (-1.7% per month).

In value terms, window or wall air conditioning systems, self-contained or split-systems ($1.4B) remains the largest type of air conditioning machine exported from China, comprising 84% of total exports. The second position in the ranking was taken by air conditioning machines with refrigeration unit ($220M), with a 13% share of total exports. It was followed by air conditioning machines for motor vehicles, with a 1.7% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of the export volume of window or wall air conditioning systems, self-contained or split-systems was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: air conditioning machines with refrigeration unit (+0.5% per month) and air conditioning machines for motor vehicles (-0.4% per month).

Export Prices by Country

In April 2023, the air conditioning machine price amounted to $205 per unit (FOB, China), with an increase of 7.1% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in May 2022 an increase of 8.3% against the previous month. The export price peaked at $242 per unit in August 2022; however, from September 2022 to April 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($301 per unit), while the average price for exports to the United States ($127 per unit) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

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:

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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