Italy: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Italy

In 2021, the Italian air conditioning machine market decreased by -40.4% to $X, falling for the sixth year in a row after four years of growth. Over the period under review, consumption recorded a abrupt downturn. Air conditioning machine consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Air Conditioning Machine Production in Italy

In value terms, air conditioning machine production stood at $X in 2021 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +80.5% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of 24% against the previous year. Over the period under review, production reached the peak level in 2021 and is expected to retain growth in the near future.

Air Conditioning Machine Exports

Exports from Italy

In 2021, air conditioning machine exports from Italy was estimated at X units, with an increase of 2% compared with the year before. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 41%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, air conditioning machine exports rose significantly to $X in 2021. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 15% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X units), France (X units) and Spain (X units) were the main destinations of air conditioning machine exports from Italy, together accounting for 33% of total exports. These countries were followed by the Netherlands, Switzerland, Austria, the UK, Belgium, Poland, Romania, the United States, Russia and Greece, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +9.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for air conditioning machine exports from Italy, comprising 20% of total exports. The second position in the ranking was held by France ($X), with an 8.5% share of total exports. It was followed by Spain, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-0.8% per year) and Spain (+4.2% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, growing by 8.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2017 an increase of 47% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the highest price was recorded for prices to Germany ($X per unit) and the UK ($X per unit), while the average price for exports to Austria ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Italy

In 2021, purchases abroad of air conditioning machines increased by 18% to X units, rising for the third year in a row after two years of decline. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +50.2% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of 56%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, air conditioning machine imports surged to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 45% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest air conditioning machine supplier to Italy, with a 60% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold. The third position in this ranking was held by Turkey (X units), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+10.5% per year) and Turkey (+53.3% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machine to Italy, comprising 55% of total imports. The second position in the ranking was taken by Thailand ($X), with a 15% share of total imports. It was followed by France, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+5.3% per year) and France (+16.5% per year).

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2021, increasing by 17% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 24% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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