Ireland: Market for Air conditioning Machines without Refrigeration Unit 2024

Market Size for Air conditioning Machines without Refrigeration Unit in Ireland

The Irish market for air conditioning machines without refrigeration unit surged to $X in 2022, picking up by 607% against the previous year. Over the period under review, consumption showed strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Air conditioning Machines without Refrigeration Unit in Ireland

In value terms, production of air conditioning machines without refrigeration unit expanded notably to $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The growth pace was the most rapid in 2020 when the production volume increased by 33% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Air conditioning Machines without Refrigeration Unit

Exports from Ireland

In 2022, exports of air conditioning machines without refrigeration unit from Ireland contracted notably to X units, declining by -55.8% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a mild expansion. The growth pace was the most rapid in 2017 with an increase of 46% against the previous year. The exports peaked at X units in 2021, and then fell remarkably in the following year.

In value terms, exports of air conditioning machines without refrigeration unit fell significantly to $X in 2022. Overall, exports, however, posted a strong increase. The growth pace was the most rapid in 2017 with an increase of 58%. Over the period under review, the exports of attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X units) was the main destination for exports of air conditioning machines without refrigeration unit from Ireland, with a 56% share of total exports. Moreover, exports of air conditioning machines without refrigeration unit to Australia exceeded the volume sent to the second major destination, Italy (X units), fivefold. Germany (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to +42.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+587.2% per year) and Germany (+60.2% per year).

It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+533.0% per year) and Germany (+54.5% per year).

Export Prices by Country

The average export price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, rising by 14% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 an increase of 45% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to South Africa ($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 Bahrain (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air conditioning Machines without Refrigeration Unit

Imports into Ireland

In 2022, imports of air conditioning machines without refrigeration unit into Ireland stood at X units, approximately reflecting the previous year. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2017 when imports increased by 148%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of air conditioning machines without refrigeration unit stood at $X in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of 95%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the UK (X units) constituted the largest air conditioning machins without refrigeration unit supplier to Ireland, accounting for a 51% share of total imports. Moreover, imports of air conditioning machines without refrigeration unit from the UK exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was held by Thailand (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at +37.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+39.5% per year) and Thailand (+65.8% per year).

In value terms, the UK ($X) constituted the largest supplier of air conditioning machines without refrigeration unit to Ireland, comprising 52% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by Thailand, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +34.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+40.8% per year) and Thailand (+57.1% per year).

Import Prices by Country

The average import price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, leveling off at the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 34%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform