Japan: Market for Air conditioning Machines without Refrigeration Unit 2024

Market Size for Air conditioning Machines without Refrigeration Unit in Japan

The Japanese market for air conditioning machines without refrigeration unit expanded markedly to $X in 2022, with an increase of 5.6% against the previous year. Overall, consumption showed perceptible growth. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Air conditioning Machines without Refrigeration Unit in Japan

In value terms, production of air conditioning machines without refrigeration unit amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of 75% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Air conditioning Machines without Refrigeration Unit

Exports from Japan

After two years of growth, overseas shipments of air conditioning machines without refrigeration unit decreased by -57.3% to X units in 2022. Overall, exports faced a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 20%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of air conditioning machines without refrigeration unit shrank markedly to $X in 2022. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for exports of air conditioning machines without refrigeration unit from Japan, accounting for a 37% share of total exports. Moreover, exports of air conditioning machines without refrigeration unit to France exceeded the volume sent to the second major destination, India (X units), twofold. Thailand (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +52.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+21.8% per year) and Thailand (+15.1% per year).

In value terms, France ($X) emerged as the key foreign market for air conditioning machines without refrigeration unit exports from Japan, comprising 37% of total exports. The second position in the ranking was held by India ($X), with a 17% share of total exports. It was followed by Thailand, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +54.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+22.5% per year) and Thailand (+15.7% per year).

Export Prices by Country

The average export price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, approximately reflecting the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 8.3% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then reduced modestly 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 India ($X per unit) and Thailand ($X per unit), while the average price for exports to China ($X per unit) and France ($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 Germany (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air conditioning Machines without Refrigeration Unit

Imports into Japan

Imports of air conditioning machines without refrigeration unit into Japan declined dramatically to X units in 2022, with a decrease of -37.8% against the year before. Overall, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 92% against the previous year. Over the period under review, imports of reached the maximum at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of air conditioning machines without refrigeration unit shrank markedly to $X in 2022. Over the period under review, imports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2021 when imports increased by 103% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X units), China (X units) and Germany (X units) were the main suppliers of imports of air conditioning machines without refrigeration unit to Japan, together accounting for 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +479.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest air conditioning machins without refrigeration unit suppliers to Japan were Spain ($X), China ($X) and Germany ($X), together accounting for 90% of total imports.

Spain, with a CAGR of +494.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2018 an increase of 13%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and the Netherlands ($X per unit), while the price for China ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform