China: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in China

The Chinese market for air conditioning machines for motor vehicles expanded to $X in 2022, increasing by 1.7% against the previous year. In general, consumption posted a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Air Conditioning Machines For Motor Vehicles in China

In value terms, motor vehicle air conditioning machine production stood at $X in 2022 estimated in export price. Overall, production enjoyed a buoyant increase. The growth pace was the most rapid in 2015 when the production volume increased by 28% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from China

In 2022, the amount of air conditioning machines for motor vehicles exported from China declined rapidly to X units, with a decrease of -18.4% on the previous year. Over the period under review, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2017 when exports increased by 66% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle air conditioning machine exports amounted to $X in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +61.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 49% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for motor vehicle air conditioning machine exports from China, accounting for a 35% share of total exports. Moreover, motor vehicle air conditioning machine exports to the United States exceeded the volume sent to the second major destination, Russia (X units), threefold. Mexico (X units) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+118.5% per year) and Mexico (+54.6% per year).

In value terms, the United States ($X) remains the key foreign market for air conditioning machines for motor vehicles exports from China, comprising 27% of total exports. The second position in the ranking was taken by Australia ($X), with an 8.9% share of total exports. It was followed by Mexico, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+8.1% per year) and Mexico (+46.7% per year).

Export Prices by Country

The average export price for air conditioning machines for motor vehicles stood at $X per unit in 2022, growing by 33% against the previous year. Overall, the export price, however, continues to indicate a pronounced downturn. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into China

For the third consecutive year, China recorded growth in supplies from abroad of air conditioning machines for motor vehicles, which increased by 11% to X units in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +8.3% 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 +68.6% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by 28%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, motor vehicle air conditioning machine imports reduced rapidly to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 28% against the previous year. Imports peaked at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest motor vehicle air conditioning machine supplier to China, accounting for a 63% share of total imports. Moreover, motor vehicle air conditioning machine imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+136.9% per year) and Spain (+25.4% per year).

In value terms, Germany ($X) constituted the largest supplier of air conditioning machines for motor vehicles to China, comprising 67% of total imports. The second position in the ranking was taken by the UK ($X), with a 9.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+120.1% per year) and Spain (+18.8% per year).

Import Prices by Country

In 2022, the average import price for air conditioning machines for motor vehicles amounted to $X per unit, with a decrease of -34.4% against the previous year. Overall, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of 7.3% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then contracted rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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