Canada: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Canada

The Canadian air conditioning machine market skyrocketed to $X in 2021, increasing by 29% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Air Conditioning Machine Production in Canada

In value terms, air conditioning machine production dropped to $X in 2021 estimated in export price. Over the period under review, production saw buoyant growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 54%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Air Conditioning Machine Exports

Exports from Canada

In 2021, the amount of air conditioning machines exported from Canada skyrocketed to X units, surging by 61% compared with the previous year. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +11.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, air conditioning machine exports rose to $X in 2021. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 30%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for air conditioning machine exports from Canada, accounting for a 93% share of total exports. It was followed by China (X units), with a 2.5% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+42.2% per year) and Sweden (-53.3% per year).

In value terms, the United States ($X) remains the key foreign market for air conditioning machine exports from Canada, comprising 90% of total exports. The second position in the ranking was taken by China ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+49.5% per year) and Sweden (-55.5% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, dropping by -35.2% 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 2020 when the average export price increased by 61% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Sweden ($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 China (+5.1%), while the prices for the other major destinations experienced a decline.

Air Conditioning Machine Imports

Imports into Canada

Air conditioning machine imports into Canada surged to X units in 2021, jumping by 42% on the previous year. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, air conditioning machine imports surged to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest air conditioning machine supplier to Canada, with a 63% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Mexico (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.2% per year) and Mexico (+20.9% per year).

In value terms, the largest air conditioning machine suppliers to Canada were the United States ($X), China ($X) and Mexico ($X), together comprising 86% of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +15.9%, saw the highest rates of growth with regard to 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 average air conditioning machine import price stood at $X per unit in 2021, falling by -7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 20%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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