Asia: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Asia

The Asian market for air conditioning machines for motor vehicles expanded to $X in 2022, surging by 1.9% against the previous year. Overall, consumption recorded a remarkable increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Air Conditioning Machines For Motor Vehicles in Asia

In value terms, motor vehicle air conditioning machine production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 36%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports in Asia

Motor vehicle air conditioning machine exports fell notably to X units in 2022, waning by -17.5% on the previous year. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle air conditioning machine exports reduced to $X in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, amounting to X units, which was approx. 76% of total exports in 2022. It was distantly followed by South Korea (X units) and Turkey (X units), together mixing up a 10% share of total exports. Thailand (X units), India (X units) and Japan (X units) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +11.8% from 2012 to 2022. At the same time, India (+45.5%) and Turkey (+7.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +45.5% from 2012-2022. By contrast, South Korea (-6.6%), Thailand (-6.8%) and Japan (-7.5%) illustrated a downward trend over the same period. China (+32 p.p.) and India (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while Japan, Thailand and South Korea saw its share reduced by -5.4%, -10.6% and -14.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motor vehicle air conditioning machine supplier in Asia, comprising 73% of total exports. The second position in the ranking was held by Turkey ($X), with a 5.4% share of total exports. It was followed by South Korea, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +6.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+7.4% per year) and South Korea (-9.0% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, surging by 20% against the previous year. Overall, the export price, however, saw a noticeable downturn. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.4%), while the other leaders experienced a decline in the export price figures.

Imports of Air Conditioning Machines For Motor Vehicles

Imports in Asia

In 2022, approx. X units of air conditioning machines for motor vehicles were imported in Asia; surging by 10% against the previous year's figure. Over the period under review, imports recorded a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by 68% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, motor vehicle air conditioning machine imports dropped dramatically to $X in 2022. The total import value increased at an average annual rate of +3.9% 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 25% against the previous year. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

Saudi Arabia (X units) and China (X units) dominates imports structure, together committing 72% of total imports. It was distantly followed by Turkey (X units), creating a 5.2% share of total imports. The following importers - Thailand (X units), the United Arab Emirates (X units), South Korea (X units), Malaysia (X units), Taiwan (Chinese) (X units), Japan (X units) and Vietnam (X units) - together made up 18% of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +37.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported air conditioning machines for motor vehicles in Asia, comprising 46% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 10% share of total imports. It was followed by Turkey, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +5.6%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (+20.7% per year) and Turkey (+5.7% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, shrinking by -23.3% against the previous year. In general, the import price showed a pronounced setback. The growth pace was the most rapid in 2021 an increase of 28%. The level of import 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 Japan ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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