Australia: Market for Air Conditioning Machines For Motor Vehicles 2024

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Australia

In 2022, motor vehicle air conditioning machine exports from Australia shrank remarkably to X units, reducing by -61.1% against the previous year's figure. Over the period under review, exports recorded a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 123%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, motor vehicle air conditioning machine exports shrank significantly to $X in 2022. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 88%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Papua New Guinea (X units) was the main destination for motor vehicle air conditioning machine exports from Australia, with a 31% share of total exports. Moreover, motor vehicle air conditioning machine exports to Papua New Guinea exceeded the volume sent to the second major destination, New Zealand (X units), twofold. The third position in this ranking was held by Belgium (X units), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Papua New Guinea stood at +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-19.2% per year) and Belgium (+59.7% per year).

In value terms, Papua New Guinea ($X) emerged as the key foreign market for air conditioning machines for motor vehicles exports from Australia, comprising 31% of total exports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total exports. It was followed by Belgium, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Papua New Guinea totaled +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-14.4% per year) and Belgium (+71.4% per year).

Export Prices by Country

In 2022, the average export price for air conditioning machines for motor vehicles amounted to $X per unit, with an increase of 6% against the previous year. In general, the export price continues to indicate a notable expansion. The growth pace was the most rapid in 2013 an increase of 73%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per unit) and the United States ($X per unit), while the average price for exports to Singapore ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Christmas Island (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Australia

Motor vehicle air conditioning machine imports into Australia skyrocketed to X units in 2022, jumping by 28% against the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 163%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, motor vehicle air conditioning machine imports surged to $X in 2022. Overall, imports enjoyed a moderate increase. The most prominent rate of growth was recorded in 2016 with an increase of 114% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of motor vehicle air conditioning machine to Australia, with a 62% share of total imports. Moreover, motor vehicle air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. Thailand (X units) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+20.5% per year) and Thailand (-19.2% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machines for motor vehicles to Australia, comprising 62% of total imports. The second position in the ranking was held by the United States ($X), with an 8.7% share of total imports. It was followed by Thailand, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+21.8% per year) and Thailand (-12.5% per year).

Import Prices by Country

The average import price for air conditioning machines for motor vehicles stood at $X per unit in 2022, approximately mirroring the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motor vehicle air conditioning machine import price increased by +18.5% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 34%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Thailand ($X per unit), while the price for China ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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