Asia: Market for Air conditioning Machines without Refrigeration Unit 2024

Market Size for Air conditioning Machines without Refrigeration Unit in Asia

The Asian market for air conditioning machines without refrigeration unit amounted to $X in 2022, almost unchanged from the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.8% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Air conditioning Machines without Refrigeration Unit in Asia

In value terms, production of air conditioning machines without refrigeration unit contracted slightly to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 35%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Air conditioning Machines without Refrigeration Unit

Exports in Asia

Exports of air conditioning machines without refrigeration unit declined modestly to X units in 2022, reducing by -2% on 2021 figures. Overall, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2013 with an increase of 26%. Over the period under review, the exports of reached the maximum at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of air conditioning machines without refrigeration unit expanded slightly to $X in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China was the main exporting country with an export of around X units, which accounted for 44% of total exports. Turkey (X units) ranks second in terms of the total exports with a 16% share, followed by the United Arab Emirates (9%), South Korea (7.8%) and India (5.4%). The following exporters - Jordan (X units) and Malaysia (X units) - each finished at an 8.6% 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 +12.1%. At the same time, India (+26.6%), the United Arab Emirates (+15.6%), Jordan (+14.9%), South Korea (+8.1%) and Turkey (+6.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +26.6% from 2012-2022. By contrast, Malaysia (-9.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Turkey, the United Arab Emirates, South Korea, India and Jordan increased by +34, +9.8, +7.5, +5.3, +5 and +3.6 percentage points, respectively.

In value terms, China ($X) remains the largest air conditioning machins without refrigeration unit supplier in Asia, comprising 39% of total exports. The second position in the ranking was held by Turkey ($X), with a 12% share of total exports. It was followed by South Korea, with a 9.7% share.

In China, exports of air conditioning machines without refrigeration unit increased at an average annual rate of +7.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+7.0% per year) and South Korea (+6.4% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, rising by 4.2% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when the export price increased by 12%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+6.6%), while the other leaders experienced more modest paces of growth.

Imports of Air conditioning Machines without Refrigeration Unit

Imports in Asia

In 2022, imports of air conditioning machines without refrigeration unit in Asia shrank to X units, waning by -7% compared with 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 11%. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of air conditioning machines without refrigeration unit totaled $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X units), India (X units), Hong Kong SAR (X units), Singapore (X units), the United Arab Emirates (X units), Qatar (X units), Oman (X units), Kuwait (X units), Saudi Arabia (X units), Kazakhstan (X units), Thailand (X units) and Iraq (X units) represented the main importer of air conditioning machines without refrigeration unit in Asia, generating 72% of total import. Japan (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +30.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Indonesia ($X) and India ($X) constituted the countries with the highest levels of imports in 2022, with a combined 36% share of total imports. Hong Kong SAR, Saudi Arabia, the United Arab Emirates, Oman, Kazakhstan, Qatar, Thailand, Kuwait, Japan and Iraq lagged somewhat behind, together comprising a further 39%.

In terms of the main importing countries, Thailand, with a CAGR of +14.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, rising by 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform