Asia-Pacific: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Asia-Pacific

The Asia-Pacific market for window or wall air conditioning systems, self-contained or split-systems surged to $X in 2022, with an increase of 15% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Asia-Pacific

In value terms, production of window or wall air conditioning systems, self-contained or split-systems expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% 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 2018 with an increase of 14%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports in Asia-Pacific

In 2022, after four years of growth, there was decline in overseas shipments of window or wall air conditioning systems, self-contained or split-systems, when their volume decreased by -1.8% to X units. Total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +71.9% against 2017 indices. The growth pace was the most rapid in 2018 when exports increased by 45%. The volume of export peaked at X units in 2021, and then fell in the following year.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems stood at $X in 2022. The total export value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 14%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of about X units, which amounted to 65% of total exports. Thailand (X units) took the second position in the ranking, distantly followed by Malaysia (X units). All these countries together took near 31% share of total exports. South Korea (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to window, wall, or split air conditioning system exports from China stood at +3.4%. At the same time, Thailand (+11.3%) and South Korea (+4.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +11.3% from 2012-2022. By contrast, Malaysia (-2.0%) illustrated a downward trend over the same period. While the share of Thailand (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-4.5 p.p.) and China (-6.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest window, wall, or split air conditioning system supplier in Asia-Pacific, comprising 62% of total exports. The second position in the ranking was taken by Thailand ($X), with a 28% share of total exports. It was followed by Malaysia, with a 4.6% share.

In China, exports of window or wall air conditioning systems, self-contained or split-systems expanded at an average annual rate of +3.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+8.2% per year) and Malaysia (-0.9% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, rising by 8.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 16%. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a 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 South Korea ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.1%), while the other leaders experienced a decline in the export price figures.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports in Asia-Pacific

In 2022, supplies from abroad of window or wall air conditioning systems, self-contained or split-systems decreased by -4% to X units, falling for the third year in a row after four years of growth. The total import volume increased at an average annual rate of +1.9% 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 2016 with an increase of 15% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems reduced to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 15% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Japan (X units) and Vietnam (X units) were the key importers of window or wall air conditioning systems, self-contained or split-systems in Asia-Pacific, together constituting 44% of total imports. The Philippines (X units) took the next position in the ranking, followed by Malaysia (X units), Singapore (X units), Thailand (X units), India (X units) and South Korea (X units). All these countries together took approx. 37% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +18.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Vietnam ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 49% share of total imports. Singapore, the Philippines, India, Thailand and Malaysia lagged somewhat behind, together accounting for a further 23%.

The Philippines, with a CAGR of +13.9%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, declining by -1.7% against the previous year. Over the period under review, the import price recorded a mild contraction. The pace of growth appeared the most rapid in 2021 when the import price increased by 11%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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 South Korea ($X per unit), while Malaysia ($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 (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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