Japan: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Japan

In 2021, the Japanese air conditioning machine market increased by 2.5% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a relatively flat trend pattern. Air conditioning machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Air Conditioning Machine Production in Japan

In value terms, air conditioning machine production declined modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 16%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Air Conditioning Machine Exports

Exports from Japan

Air conditioning machine exports from Japan declined significantly to X units in 2021, dropping by -21.4% compared with the year before. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 34%. As a result, the exports reached 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 reached $X in 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 23%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cambodia (X units) was the main destination for air conditioning machine exports from Japan, with a 47% share of total exports. Moreover, air conditioning machine exports to Cambodia exceeded the volume sent to the second major destination, Russia (X units), twofold. The third position in this ranking was held by the United Arab Emirates (X units), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to Cambodia amounted to +66.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+50.6% per year) and the United Arab Emirates (+0.6% per year).

In value terms, the United States ($X), Russia ($X) and Cambodia ($X) appeared to be the largest markets for air conditioning machine exported from Japan worldwide, with a combined 45% share of total exports.

In terms of the main countries of destination, Cambodia, with a CAGR of +65.6%, 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

In 2021, the average air conditioning machine export price amounted to $X per unit, jumping by 28% against the previous year. Over the period under review, the export price, however, saw a deep reduction. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Cambodia ($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 China (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Japan

In 2021, purchases abroad of air conditioning machines was finally on the rise to reach X units after two years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 15%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, air conditioning machine imports expanded sharply to $X in 2021. Over the period under review, imports, however, saw a slight descent. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main air conditioning machine supplier to Japan, with a 95% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of air conditioning machine to Japan, comprising 89% of total imports. The second position in the ranking was held by Thailand ($X), with a 4.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -2.0%.

Import Prices by Country

In 2021, the average air conditioning machine import price amounted to $X per unit, with an increase of 7.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.2%).

Source: IndexBox Platform

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