Ireland: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Ireland

For the third consecutive year, the Irish air conditioning machine market recorded growth in sales value, which increased by 49% to $X in 2021. Over the period under review, consumption recorded prominent growth. Air conditioning machine consumption peaked in 2021 and is expected to retain growth in years to come.

Air Conditioning Machine Production in Ireland

In value terms, air conditioning machine production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 68% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Air Conditioning Machine Exports

Exports from Ireland

In 2021, the amount of air conditioning machines exported from Ireland shrank dramatically to X units, with a decrease of -32.7% on the previous year. Over the period under review, exports, however, posted a perceptible expansion. The pace of growth was the most pronounced in 2019 with an increase of 242% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, air conditioning machine exports declined sharply to $X in 2021. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 246% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X units), the United Arab Emirates (X units) and Sweden (X units) were the main destinations of air conditioning machine exports from Ireland, together accounting for 60% of total exports. Denmark, the UK, Singapore, Germany and Finland lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +445.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Sweden ($X) and Australia ($X) constituted the largest markets for air conditioning machine exported from Ireland worldwide, with a combined 56% share of total exports. Singapore, the UK, Denmark, Finland and Germany lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, Finland, with a CAGR of +647.7%, 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 air conditioning machine export price stood at $X per unit in 2021, growing by 16% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, air conditioning machine export price increased by +28.1% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 24% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+37.1%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Ireland

In 2021, approx. X units of air conditioning machines were imported into Ireland; surging by 69% against 2020 figures. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, air conditioning machine imports surged to $X in 2021. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 113%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

The UK (X units), Canada (X units) and China (X units) were the main suppliers of air conditioning machine imports to Ireland, with a combined 55% share of total imports. These countries were followed by the United States, Italy, Japan, Thailand, South Korea, Germany, Sweden, Belgium, Austria and Spain, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were in South Korea (with a CAGR of +103.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Canada ($X) and the United States ($X) were the largest air conditioning machine suppliers to Ireland, with a combined 56% share of total imports. These countries were followed by China, Italy, Japan, South Korea, Thailand, Belgium, Germany, Sweden, Spain and Austria, which together accounted for a further 35%.

South Korea, with a CAGR of +108.0%, 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

The average air conditioning machine import price stood at $X per unit in 2021, reducing by -15.2% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, air conditioning machine import price increased by +64.0% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 66%. As a result, import price reached the peak level of $X per unit, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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