Italy: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Italy

The Italian market for window or wall air conditioning systems, self-contained or split-systems expanded sharply to $X in 2022, surging by 12% against the previous year. Overall, consumption continues to indicate a remarkable increase. Consumption of peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Italy

In value terms, production of window or wall air conditioning systems, self-contained or split-systems shrank slightly to $X in 2022 estimated in export price. In general, production recorded buoyant growth. The growth pace was the most rapid in 2019 with an increase of 594%. Production of peaked at $X in 2021, and then declined modestly in the following year.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from Italy

In 2022, the amount of window or wall air conditioning systems, self-contained or split-systems exported from Italy totaled X units, picking up by 12% against 2021. Over the period under review, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 32%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems fell to $X in 2022. Overall, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.9% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 40%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

France (X units), Germany (X units) and Greece (X units) were the main destinations of exports of window or wall air conditioning systems, self-contained or split-systems from Italy, together accounting for 35% of total exports. Romania, Spain, Slovenia, the Netherlands, Croatia, Belgium, Bulgaria, Switzerland, the United States and Poland lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +23.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for window, wall, or split air conditioning system exported from Italy were France ($X), Germany ($X) and Greece ($X), with a combined 35% share of total exports. Romania, Spain, Slovenia, the Netherlands, Croatia, Belgium, Bulgaria, Switzerland, the United States and Poland lagged somewhat behind, together accounting for a further 36%.

Bulgaria, with a CAGR of +23.1%, recorded the highest growth rate of 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

The average export price for window or wall air conditioning systems, self-contained or split-systems stood at $X per unit in 2022, reducing by -17.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 22% against the previous year. The export price peaked at $X per unit in 2021, and then reduced dramatically in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per unit) and Belgium ($X per unit), while the average price for exports to Bulgaria ($X per unit) and Croatia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into Italy

In 2022, imports of window or wall air conditioning systems, self-contained or split-systems into Italy expanded modestly to X units, rising by 4.3% against the year before. In general, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 91% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems surged to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.5% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 70% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of window, wall, or split air conditioning system to Italy, accounting for a 58% share of total imports. Moreover, imports of window or wall air conditioning systems, self-contained or split-systems from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+9.0% per year) and the Netherlands (+9.9% per year).

In value terms, China ($X) constituted the largest supplier of window or wall air conditioning systems, self-contained or split-systems to Italy, comprising 58% of total imports. The second position in the ranking was held by Thailand ($X), with a 21% share of total imports. It was followed by the Netherlands, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.8% per year) and the Netherlands (+8.7% per year).

Import Prices by Country

In 2022, the average import price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, increasing by 11% against the previous year. Overall, the import price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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