India: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in India

The Indian market for air conditioning machines for motor vehicles rose slightly to $X in 2022, growing by 2.4% against the previous year. In general, consumption enjoyed buoyant growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Air Conditioning Machines For Motor Vehicles in India

In value terms, motor vehicle air conditioning machine production rose modestly to $X in 2022 estimated in export price. Over the period under review, production recorded strong growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 28% against the previous year. Motor vehicle air conditioning machine production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from India

In 2022, shipments abroad of air conditioning machines for motor vehicles increased by 76% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 363%. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, motor vehicle air conditioning machine exports surged to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 514% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units), China (X units) and Singapore (X units) were the main destinations of motor vehicle air conditioning machine exports from India, together comprising 83% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +163.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motor vehicle air conditioning machine exported from India were China ($X), the United Arab Emirates ($X) and Singapore ($X), with a combined 76% share of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +202.6%, saw the highest rates of growth with regard to 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 average export price for air conditioning machines for motor vehicles stood at $X per unit in 2022, declining by -29.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 33%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-4.5%), while the prices for the other major destinations experienced a decline.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into India

In 2022, after two years of growth, there was significant decline in supplies from abroad of air conditioning machines for motor vehicles, when their volume decreased by -37.9% to X units. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, motor vehicle air conditioning machine imports contracted rapidly to $X in 2022. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Germany (X units) were the main suppliers of motor vehicle air conditioning machine imports to India, with a combined 67% share of total imports. These countries were followed by Sweden, the Czech Republic, the UK, the United States and South Korea, which together accounted for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +31.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle air conditioning machine suppliers to India were China ($X), Japan ($X) and Germany ($X), together accounting for 67% of total imports. Sweden, the Czech Republic, the UK, the United States and South Korea lagged somewhat behind, together comprising a further 24%.

Sweden, with a CAGR of +33.3%, saw the highest growth rate of 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 for motor vehicles amounted to $X per unit, rising by 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and the Czech Republic ($X per unit), while the price for South Korea ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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