Global Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size

The global air conditioning machine market reached $X in 2021, growing by 6.7% against the previous year. In general, consumption showed slight growth. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the global market remained at a somewhat lower figure.

Air Conditioning Machine Production

In value terms, air conditioning machine production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, global production growth failed to regain momentum.

Air Conditioning Machine Exports

Exports

In 2021, the amount of air conditioning machines exported worldwide expanded significantly to X units, increasing by 12% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 30%. The global exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, air conditioning machine exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) was the main exporter of air conditioning machines, achieving 51% of total exports. It was distantly followed by Thailand (X units), generating an 18% share of total exports. Mexico (X units), Malaysia (X units), Germany (X units), Italy (X units), Poland (X units) and the Czech Republic (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to air conditioning machine exports from China stood at +5.1%. At the same time, Mexico (+15.2%), Thailand (+9.9%) and Poland (+9.5%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.2% from 2012-2021. Germany and Italy experienced a relatively flat trend pattern. By contrast, Malaysia (-2.3%) and the Czech Republic (-4.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand, China and Mexico increased by +7, +3.9 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest air conditioning machine supplier worldwide, comprising 40% of global exports. The second position in the ranking was taken by Thailand ($X), with a 17% share of global exports. It was followed by Mexico, with a 6.6% share.

In China, air conditioning machine exports increased at an average annual rate of +2.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+5.3% per year) and Mexico (+11.9% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, increasing by 3.1% against the previous year. In general, the export price, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2017 an increase of 14%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the other global leaders experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports

In 2021, after two years of decline, there was significant growth in supplies from abroad of air conditioning machines, when their volume increased by 12% to X units. Overall, imports saw pronounced growth. The most prominent rate of growth was recorded in 2014 when imports increased by 579% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of global imports failed to regain momentum.

In value terms, air conditioning machine imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units), distantly followed by Japan (X units) were the main importers of air conditioning machines, together achieving 22% of total imports. Germany (X units), France (X units), Mexico (X units), Saudi Arabia (X units), Italy (X units), Vietnam (X units), Spain (X units), the Netherlands (X units), Russia (X units), Canada (X units) and the United Arab Emirates (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to air conditioning machine imports into the United States stood at +4.6%. At the same time, the Netherlands (+12.5%), Vietnam (+12.2%), France (+8.2%), Spain (+8.2%), Mexico (+8.0%), Italy (+6.0%), Germany (+5.1%), Saudi Arabia (+4.6%), Canada (+2.6%) and the United Arab Emirates (+1.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +12.5% from 2012-2021. Russia and Japan experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States, Vietnam, France, the Netherlands and Mexico increased by +3.3, +1.8, +1.6, +1.6 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported air conditioning machines worldwide, comprising 14% of global imports. The second position in the ranking was taken by Japan ($X), with a 5.4% share of global imports. It was followed by France, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +4.6%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-1.5% per year) and France (+6.6% per year).

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2021, with an increase of 2.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 520% against the previous year. Global import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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