China: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in China

The Chinese market for window or wall air conditioning systems, self-contained or split-systems skyrocketed to $X in 2022, surging by 60% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in China

In value terms, production of window or wall air conditioning systems, self-contained or split-systems amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% 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 2018 when the production volume increased by 17% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from China

In 2022, after five years of growth, there was significant decline in shipments abroad of window or wall air conditioning systems, self-contained or split-systems, when their volume decreased by -5.5% to X units. Overall, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 62%. Over the period under review, the exports of reached the peak figure at X units in 2021, and then fell in the following year.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems expanded sharply to $X in 2022. The total export value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 13% against the previous year. The exports peaked in 2022 and are expected to retain 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 exports of window or wall air conditioning systems, self-contained or split-systems from China, together comprising 28% of total exports. Saudi Arabia, Mexico, Thailand, the United Arab Emirates, Iraq, Indonesia, Brazil, Italy, Argentina and Malaysia lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +28.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for window, wall, or split air conditioning system exported from China were Japan ($X), the United States ($X) and Saudi Arabia ($X), with a combined 26% share of total exports. Iraq, the United Arab Emirates, Mexico, Russia, Thailand, Italy, Brazil, Indonesia, Argentina and Malaysia lagged somewhat behind, together comprising a further 33%.

Among the main countries of destination, Thailand, with a CAGR of +21.7%, 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

In 2022, the average export price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, increasing by 12% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per unit), while the average price for exports to the United States ($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 Saudi Arabia (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into China

In 2022, approx. X units of window or wall air conditioning systems, self-contained or split-systems were imported into China; growing by 148% compared with 2021 figures. In general, imports, however, showed a perceptible slump. Over the period under review, imports of hit record highs at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems soared to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of 61% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X units), the United States (X units) and Saudi Arabia (X units) were the main suppliers of imports of window or wall air conditioning systems, self-contained or split-systems to China, with a combined 29% share of total imports. Malta, Belgium, India, Italy, South Korea, Malaysia, Germany and Japan lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malta (with a CAGR of +67.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of window or wall air conditioning systems, self-contained or split-systems to China, comprising 33% of total imports. The second position in the ranking was held by Thailand ($X), with a 9.4% share of total imports. It was followed by Saudi Arabia, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-13.8% per year) and Saudi Arabia (+31.8% per year).

Import Prices by Country

The average import price for window or wall air conditioning systems, self-contained or split-systems stood at $X per unit in 2022, with a decrease of -49.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 180% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then shrank remarkably 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 Japan ($X per unit), while the price for Malta ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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