China: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in China

The Chinese air conditioning machine market shrank to $X in 2021, which is down by -6.7% against the previous year. In general, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +3.3% against 2018 indices. 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 Production in China

In value terms, air conditioning machine production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 40%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Air Conditioning Machine Exports

Exports from China

Air conditioning machine exports from China rose rapidly to X units in 2021, surging by 8.3% on 2020. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +85.2% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 56% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, air conditioning machine exports rose markedly to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Japan (X units) and Russia (X units) were the main destinations of air conditioning machine exports from China, with a combined 32% share of total exports. Mexico, Saudi Arabia, Thailand, Brazil, Indonesia, Italy, Iraq, the United Arab Emirates, Spain and Argentina lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +30.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Saudi Arabia ($X) were the largest markets for air conditioning machine exported from China worldwide, together accounting for 30% of total exports. These countries were followed by Mexico, Russia, Iraq, Thailand, the United Arab Emirates, Brazil, Italy, Indonesia, Spain and Argentina, which together accounted for a further 29%.

Among the main countries of destination, Thailand, with a CAGR of +23.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, with an increase of 4.4% against the previous year. Overall, the export price, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 15%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the United States ($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 the United Arab Emirates (+1.4%), while the prices for the other major destinations experienced a decline.

Air Conditioning Machine Imports

Imports into China

Air conditioning machine imports into China surged to X units in 2021, with an increase of 17% on the year before. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +10.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.6% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 29%. Imports peaked in 2021 and are expected to retain 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 +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of air conditioning machine to China, with a 60% share of total imports. Moreover, air conditioning machine imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. The third position in this ranking was taken by Spain (X units), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+131.7% per year) and Spain (+24.9% per year).

In value terms, Germany ($X) constituted the largest supplier of air conditioning machine to China, comprising 52% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.3% share of total imports. It was followed by the UK, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.6% per year) and the UK (+53.0% per year).

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2021, with an increase of 3.2% against the previous year. In general, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 29% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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