CIS: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in CIS

The CIS air conditioning machine market amounted to $X in 2022, rising by 5% against the previous year. In general, consumption, however, showed a pronounced slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Air Conditioning Machine Production in CIS

In value terms, air conditioning machine production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 69% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Air Conditioning Machine Exports

Exports in CIS

In 2022, overseas shipments of non-window or wall air conditioning machines increased by 33% to X units, rising for the second consecutive year after two years of decline. Overall, exports recorded prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by 41%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, air conditioning machine exports skyrocketed to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +68.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 58% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia (X units) and Belarus (X units) dominates exports structure, together making up 90% of total exports. It was distantly followed by Kazakhstan (X units), mixing up a 5.7% share of total exports. Uzbekistan (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +236.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Uzbekistan ($X) and Belarus ($X) were the countries with the highest levels of exports in 2022, with a combined 94% share of total exports.

Among the main exporting countries, Uzbekistan, with a CAGR of +575.7%, 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

The export price in the CIS stood at $X per unit in 2022, increasing by 13% against the previous year. Overall, the export price, however, showed a mild setback. The pace of growth was the most pronounced in 2018 when the export price increased by 24% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+100.7%), while the other leaders experienced mixed trends in the export price figures.

Air Conditioning Machine Imports

Imports in CIS

Air conditioning machine imports skyrocketed to X units in 2022, picking up by 43% against 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, air conditioning machine imports amounted to $X in 2022. Overall, imports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2019 when imports increased by 28% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, finishing at X units, which was near 81% of total imports in 2022. It was distantly followed by Kazakhstan (X units), constituting a 6.7% share of total imports. The following importers - Uzbekistan (X units), Azerbaijan (X units) and Belarus (X units) - together made up 9.9% of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of non-window or wall air conditioning machines. At the same time, Uzbekistan (+17.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +17.8% from 2012-2022. By contrast, Kazakhstan (-3.3%), Azerbaijan (-3.7%) and Belarus (-4.8%) illustrated a downward trend over the same period. Uzbekistan (+4 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -1.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported non-window or wall air conditioning machines in the CIS, comprising 61% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 14% share of total imports. It was followed by Kazakhstan, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to -6.5%. In the other countries, the average annual rates were as follows: Uzbekistan (+0.9% per year) and Kazakhstan (-2.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, which is down by -29.5% against the previous year. Overall, the import price saw a pronounced decline. The pace of growth appeared the most rapid in 2018 an increase of 18%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform