Italy: Market for Air conditioning Machines without Refrigeration Unit 2024

Market Size for Air conditioning Machines without Refrigeration Unit in Italy

The Italian market for air conditioning machines without refrigeration unit rose slightly to $X in 2022, increasing by 2.1% against the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.4% against 2020 indices. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Air conditioning Machines without Refrigeration Unit in Italy

In value terms, production of air conditioning machines without refrigeration unit shrank slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 14% against the previous year. Over the period under review, production of hit record highs at $X in 2021, and then fell in the following year.

Exports of Air conditioning Machines without Refrigeration Unit

Exports from Italy

Exports of air conditioning machines without refrigeration unit from Italy expanded remarkably to X units in 2022, picking up by 5.9% on the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 11% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of air conditioning machines without refrigeration unit expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), Spain (X units) and France (X units) were the main destinations of exports of air conditioning machines without refrigeration unit from Italy, with a combined 31% share of total exports. Switzerland, Austria, the UK, Belgium, Poland, the Netherlands, Qatar, Romania, Hungary and Greece lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +27.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for air conditioning machins without refrigeration unit exported from Italy were Germany ($X), France ($X) and Spain ($X), together accounting for 32% of total exports. Austria, Switzerland, the UK, Belgium, Poland, the Netherlands, Qatar, Hungary, Romania and Greece lagged somewhat behind, together accounting for a further 32%.

Qatar, with a CAGR of +27.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for air conditioning machines without refrigeration unit amounted to $X per unit, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 an increase of 14% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Spain ($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 Austria (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air conditioning Machines without Refrigeration Unit

Imports into Italy

In 2022, purchases abroad of air conditioning machines without refrigeration unit increased by 13% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of air conditioning machines without refrigeration unit expanded notably to $X in 2022. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of air conditioning machins without refrigeration unit to Italy, with a 66% share of total imports. Moreover, imports of air conditioning machines without refrigeration unit from China exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. The third position in this ranking was taken by Slovakia (X units), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.0% per year) and Slovakia (-0.3% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machines without refrigeration unit to Italy, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Slovakia, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.9% per year) and Slovakia (-1.3% per year).

Import Prices by Country

In 2022, the average import price for air conditioning machines without refrigeration unit amounted to $X per unit, falling by -5.3% against the previous year. Over the period under review, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the peak figure 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 Japan ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform