GCC: 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 GCC

For the fourth consecutive year, the GCC market for window or wall air conditioning systems, self-contained or split-systems recorded growth in sales value, which increased by 0.1% to $X in 2022. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +34.0% against 2018 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

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

In value terms, production of window or wall air conditioning systems, self-contained or split-systems skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 5,345,464,000% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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

Exports in GCC

In 2022, the amount of window or wall air conditioning systems, self-contained or split-systems exported in GCC fell modestly to X units, which is down by -3.8% compared with the year before. Overall, exports faced a deep downturn. The pace of growth was the most pronounced in 2013 when exports increased by 34% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems shrank to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) was the key exporter of window or wall air conditioning systems, self-contained or split-systems, committing 45% of total exports. Bahrain (X units) held a 30% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (23%).

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +4.0%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest window, wall, or split air conditioning system supplying countries in GCC were Bahrain ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined 97% share of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of -4.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, which is down by -1.9% against the previous year. In general, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by 11%. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.5%), while the other leaders experienced a decline in the export price figures.

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

Imports in GCC

In 2022, overseas purchases of window or wall air conditioning systems, self-contained or split-systems increased by 0.4% to X units, rising for the fourth consecutive year after three years of decline. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 31%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems contracted to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period 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 2015 with an increase of 37%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Saudi Arabia (X units) and the United Arab Emirates (X units) dominates split-systems structure, together constituting 86% of total imports. It was distantly followed by Oman (X units), achieving a 7.4% share of total imports. Kuwait (X units), Bahrain (X units) and Qatar (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +6.1%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 92% share of total imports.

The United Arab Emirates, with a CAGR of +4.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, falling by -1.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 9.7% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform