Australia: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Australia

For the fourth consecutive year, the Australian air conditioning machine market recorded decline in sales value, which decreased by -10.5% to $X in 2021. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Air Conditioning Machine Exports

Exports from Australia

In 2021, overseas shipments of air conditioning machines increased by 88% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt decrease. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, air conditioning machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 32%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X units) was the main destination for air conditioning machine exports from Australia, with a 76% share of total exports. Moreover, air conditioning machine exports to New Zealand exceeded the volume sent to the second major destination, Singapore (X units), more than tenfold. The third position in this ranking was held by Solomon Islands (X units), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand stood at +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+18.6% per year) and Solomon Islands (+27.8% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for air conditioning machine exports from Australia, comprising 46% of total exports. The second position in the ranking was held by Japan ($X), with a 21% share of total exports. It was followed by Papua New Guinea, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+79.8% per year) and Papua New Guinea (-5.5% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, shrinking by -31.8% against the previous year. In general, the export price, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2013 an increase of 271% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Japan ($X per unit), while the average price for exports to Timor-Leste ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste (+66.2%), while the prices for the other major destinations experienced a decline.

Air Conditioning Machine Imports

Imports into Australia

For the fourth year in a row, Australia recorded decline in purchases abroad of air conditioning machines, which decreased by -12.5% to X units in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 37% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, air conditioning machine imports reduced to $X in 2021. In general, imports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 33%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of air conditioning machine to Australia, with a 70% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-5.2% per year) and Malaysia (-2.4% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machine to Australia, comprising 52% of total imports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-7.0% per year) and Malaysia (-3.0% per year).

Import Prices by Country

In 2021, the average air conditioning machine import price amounted to $X per unit, with an increase of 9.1% against the previous year. Over the period under review, the import price, however, recorded a pronounced downturn. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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