Asia-Pacific: Market for Air conditioning Machines without Refrigeration Unit 2025

Market Size for Air conditioning Machines without Refrigeration Unit in Asia-Pacific

The Asia-Pacific market for air conditioning machines without refrigeration unit totaled $X in 2022, with an increase of 3% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 -1.9% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Air conditioning Machines without Refrigeration Unit in Asia-Pacific

In value terms, production of air conditioning machines without refrigeration unit rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Air conditioning Machines without Refrigeration Unit

Exports in Asia-Pacific

In 2022, overseas shipments of air conditioning machines without refrigeration unit increased by 0.3% to X units, rising for the second year in a row after five years of decline. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by 23% against the previous year. Over the period under review, the exports of reached the peak figure 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 significantly to $X in 2022. In general, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the main exporting country with an export of around X units, which finished at 64% of total exports. It was distantly followed by South Korea (X units), India (X units), Malaysia (X units) and Thailand (X units), together committing a 31% share of total exports. Singapore (X units) took a minor share of total exports.

Exports from China increased at an average annual rate of +12.1% from 2012 to 2022. At the same time, India (+26.6%) and South Korea (+8.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +26.6% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Malaysia (-9.1%) and Thailand (-28.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, South Korea and India increased by +53, +8.6 and +7.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest air conditioning machins without refrigeration unit supplier in Asia-Pacific, comprising 54% of total exports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total exports. It was followed by India, with an 11% share.

In China, exports of air conditioning machines without refrigeration unit expanded 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: South Korea (+6.4% per year) and India (+26.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, increasing by 6.1% against the previous year. Overall, the export price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the export price increased by 13% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.5%), while the other leaders experienced a decline in the export price figures.

Imports of Air conditioning Machines without Refrigeration Unit

Imports in Asia-Pacific

In 2022, imports of air conditioning machines without refrigeration unit in Asia-Pacific dropped modestly to X units, waning by -2.8% compared with the previous year's figure. Total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.8% 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 +15.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 24% against the previous year. 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 expanded notably to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +47.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of air conditioning machines without refrigeration unit in 2022 were Indonesia (X units), India (X units), Hong Kong SAR (X units), Singapore (X units) and Australia (X units), together accounting for 69% of total import. It was distantly followed by Thailand (X units), mixing up a 4.9% share of total imports. The following importers - Japan (X units), Bangladesh (X units), Vietnam (X units), South Korea (X units), the Philippines (X units), Taiwan (Chinese) (X units) and Pakistan (X units) - together made up 18% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +16.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest air conditioning machins without refrigeration unit importing markets in Asia-Pacific were Singapore ($X), Indonesia ($X) and India ($X), together comprising 51% of total imports. Hong Kong SAR, Australia, Thailand, Japan, Vietnam, South Korea, Bangladesh, the Philippines, Taiwan (Chinese) and Pakistan lagged somewhat behind, together comprising a further 42%.

Thailand, with a CAGR of +14.4%, recorded 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 leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, increasing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Bangladesh ($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