China: Market for Air conditioning Machines without Refrigeration Unit 2024

Market Size for Air conditioning Machines without Refrigeration Unit in China

The Chinese market for air conditioning machines without refrigeration unit totaled $X in 2022, with an increase of 2.3% against the previous year. The market value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Air conditioning Machines without Refrigeration Unit in China

In value terms, production of air conditioning machines without refrigeration unit amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 38%. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Air conditioning Machines without Refrigeration Unit

Exports from China

In 2022, the amount of air conditioning machines without refrigeration unit exported from China declined slightly to X units, stabilizing at the previous year's figure. Overall, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 154%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of air conditioning machines without refrigeration unit expanded rapidly to $X in 2022. Over the period under review, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 87% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X units), Indonesia (X units) and Malaysia (X units) were the main destinations of exports of air conditioning machines without refrigeration unit from China, with a combined 28% share of total exports. Thailand, the United States, the Philippines, Cambodia, Benin, the United Arab Emirates, Mexico, Togo, Cameroon and Australia lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Benin (with a CAGR of +93.9%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for air conditioning machines without refrigeration unit exports from China, comprising 11% of total exports. The second position in the ranking was held by Thailand ($X), with a 5.2% share of total exports. It was followed by Cambodia, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam stood at +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+21.5% per year) and Cambodia (+53.8% per year).

Export Prices by Country

The average export price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, surging by 9.3% against the previous year. In general, the export price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while the average price for exports to Togo ($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 the United Arab Emirates (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Air conditioning Machines without Refrigeration Unit

Imports into China

In 2022, approx. X units of air conditioning machines without refrigeration unit were imported into China; which is down by -51.3% against 2021. In general, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 296%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of air conditioning machines without refrigeration unit dropped notably to $X in 2022. Over the period under review, imports showed a mild slump. The most prominent rate of growth was recorded in 2015 with an increase of 292%. Over the period under review, imports of attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X units) constituted the largest air conditioning machins without refrigeration unit supplier to China, with a 31% share of total imports. Moreover, imports of air conditioning machines without refrigeration unit from South Korea exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Denmark (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.1% per year) and Denmark (+5.9% per year).

In value terms, the largest air conditioning machins without refrigeration unit suppliers to China were South Korea ($X), Thailand ($X) and Germany ($X), together accounting for 61% of total imports.

Thailand, with a CAGR of +47.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for air conditioning machines without refrigeration unit amounted to $X per unit, jumping by 20% against the previous year. In general, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 98%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform